Max Keiser: Golman Sachs should be in the Hague

[tea drinker]

http://www.youtube.com/watch?v=VSwWy4E6I04&feature=player_embedded

[tea drinker]

http://www.youtube.com/watch?v=ZoQrYa_NKQQ&feature=player_embedded


Have to say, I really enjoy Max Keiser. At least its good to see what people really feel expressed on TV

[Derbedeu]

He made some good points though. I'm no conspiracy theorist, but it is suspicious how Paulson, Geitner, Rubin, all have have ties to Goldmans Sachs. A conflict of interests undoubtedly existed. It wouldn't surprise me to know that Goldman Sachs profited on the backs of the taxpayers.

[Kilgor]

"a great vampire squid wrapped around the face of humanity, relentlessly jamming its blood funnel into anything that smells like money,"

http://www.rollingstone.com/politics/story/29127316/the_great_american_bubble_machine

[vryhpyammoadded]

"a great vampire squid wrapped around the face of humanity, relentlessly jamming its blood funnel into anything that smells like money,"

http://www.rollingstone.com/politics/story/29127316/the_great_american_bubble_machine
Oh snap! That was beautiful man, simply beautiful. Thanks for the link!woot

[sinophile]

Max Keiser is a crybaby.

Waaaa, GS has better market information. Waaaa, GS took TARP money and returned it first giving the USGOV a 28% profit. Waaaa, GS is the right side of trades. Waaaa, GS executes faster.

GS's prop traders are simply smarter. They're more clever than everyone else, they see further and they know how to make a buck at the other side's expense. They take hundreds of billions in risk and they're right more than wrong. Good on them.

Thankfully, survival of the fittest plays out today with brainpower instead of swordsmanship as it did in fuedal Japan.

[bono]

Certified insane or super naive! People as dumb as you are need to be sent to de-naivefication classes. Naive silly people like you is the main reason open democratic systems get hijacked everywhere. Unless offcourse you are not naive and actually on the inside.



Max Keiser is a crybaby.

Waaaa, GS has better market information. Waaaa, GS took TARP money and returned it first giving the USGOV a 28% profit. Waaaa, GS is the right side of trades. Waaaa, GS executes faster.

GS's prop traders are simply smarter. They're more clever than everyone else, they see further and they know how to make a buck at the other side's expense. They take hundreds of billions in risk and they're right more than wrong. Good on them.

Thankfully, survival of the fittest plays out today with brainpower instead of swordsmanship as it did in fuedal Japan.

[sinophile]

Certified insane or super naive! People as dumb as you are need to be sent to de-naivefication classes. Naive silly people like you is the main reason open democratic systems get hijacked everywhere. Unless offcourse you are not naive and actually on the inside.

I was on the inside for a few years though not at GS. So now you can explain to me why I'm dumb, insane or worse. Be specific. Let everyone see how well informed YOU are.

[bono]

This alone is enough (http://www.rollingstone.com/politics/story/28816321/the_great_american_bubble_machine), even though I could write a 1000 page thesis on this topic.

[sinophile]

This alone is enough (http://www.rollingstone.com/politics/story/28816321/the_great_american_bubble_machine), even though I could write a 1000 page thesis on this topic.


A fool and his money are soon parted.

GS is the very best at separating the two. And fools worldwide hate them for it.

[Flagg]

Max Keiser is a crybaby.

Waaaa, GS has better market information. Waaaa, GS took TARP money and returned it first giving the USGOV a 28% profit. Waaaa, GS is the right side of trades. Waaaa, GS executes faster.

GS's prop traders are simply smarter. They're more clever than everyone else, they see further and they know how to make a buck at the other side's expense. They take hundreds of billions in risk and they're right more than wrong. Good on them.

Thankfully, survival of the fittest plays out today with brainpower instead of swordsmanship as it did in fuedal Japan.

FIRE economy used to SUPPORT the economy not BE the economy.

Financial engineering makes it sound like something of value is being manufactured when it simply isn't.

That combined with a perpetual and scary level of access and influence in goverment leaves me wanting to see GS cut up like a Thanksgiving turkey.

We cut up Ma Bell due to their overwhelming influence and we are better off. I see no difference here.

Hank Paulson's GS branded bulldozer was the straw for me.

[bono]

A fool and his money are soon parted.
GS is the very best at separating the two. And fools worldwide hate them for it.

Not quite sir. A true businessman exploits unmet demand or solves a problem or spots an arbitrage opportunity. Almost every business in the world is based on these three fundamental premises. This is not what people are accusing GS of. GS is being accused of "UNDERMINING THE SYSTEM". It means it is allegedly using unethical means to bend rules or get special favors.

[fooj]

Masters of the Universe INDEED!

News at 10

[sinophile]

Financial engineering makes it sound like something of value is being manufactured when it simply isn't.

AMZN closed Friday at 86.40.

If I put a bid in at 86.35 there is a good chance Goldman (on one of another 4 or 5 players) received that order. Over about 30 milliseconds they tested the market at 86.36-.39 and may have filled my order at 86.40 while buying the shares at 86.39. They made a .01 profit for every share I bought.

The negative press of late is over that .01 which critics claim is "front-running". I should have been able to buy the stock at 86.39 they claim.

If I'm Amazon I want the absolute highest share price possible for my stock. Its tied to the compensation of my employees, my balance sheet, my ability to borrow, etc. Goldman is helping me achieve my fiduciary goal by getting an extra penny in the market.

For nearly every example of Goldman' alleged misconduct I can point out why they provide a necessary and valuable service.

Anyone with an above average intelligence looks at these things in a balanced and nuanced way.

[fooj]

It's the plutocratic system that put them there. If not GS, then it'd be douchebags at BoA or Citigroup running the show. The problem is, the government and the regulatory bodies are captured institutions. There's so much wrong with the system I don't know where to begin.

Movie at 11

[sinophile]

It's the plutocratic system that put them there. If not GS, then it'd be douchebags at BoA or Citigroup running the show. The problem is, the government and the regulatory bodies are captured institutions. There's so much wrong with the system I don't know where to begin.

Movie at 11

You serously don't know what you're talking about and you scare me.

Upward mobility is for now alive and well in the US. I can assure you the more regulation and government intervention, the more you'll need an "old boy" network to get ahead.

Goldman and simlar firms are near absolute meritocracies in their trading and IT groups. I've personally seen people who came from nothing paid huge money because of one advantage - they were scary smart and they delivered results in their P&L.

You'll know it when its a plutocracy. You saw it with the GM and Chrystler bailouts where the Unions got ownership they never deserved. Strap in... because you and your liberal friends are going to take merit right out of the equation.

[fooj]

You serously don't know what you're talking about and you scare me.

Upward mobility is for now alive and well in the US. I can assure you the more regulation and government intervention, the more you'll need an "old boy" network to get ahead.

Goldman and simlar firms are near absolute meritocracies in their trading and IT groups. I've personally seen people who came from nothing paid huge money because of one advantage - they were scary smart and they delivered results in their P&L.

You'll know it when its a plutocracy. You saw it with the GM and Chrystler bailouts where the Unions got ownership they never deserved. Strap in... because you and your liberal friends are going to take merit right out of the equation.

I don't doubt there are very smart people working on Wall Street who can deliver results...