Goldman Sachs and Burger King

[liamfoley]

Are you aware of the carnage Collaterialised Debt Obligations and Credit Default Swaps have caused?

What is credible or reputable then? The same sources that said 10 years ago that there could never be another bust, recession or depression? The same sources that said the credit crunch was over 2 years ago?

How about Jim Cramer on CNBC telling us Bear Stearns are perfectly fine?

I listen to the weathermen that have been outside.

Aaaaa go on, now your just taking the piss.

[Ráth Cúil]

"I want to keep what I earn" is considered greedy and inhumane.

"I want to take what you have" is considered selfless and progressive.

Well when it amounts to 10s of millions of dollars, then Yes! I mean what the f*ck does someone need with that much money? ?

It's a question of modesty Vs. obscenity/Immorality

[20000miles]

Well when it amounts to 10s of millions of dollars, then Yes! I mean what the f*ck does someone need with that much money? ?

It's a question of modesty Vs. obscenity/Immorality

The "moral" side being the one that wants to steal property from others.

[Mark.Keogh]

The recession is not the fault of GS.

Considering GS got money pushing CDS and subprime on the way up, then dropped the bomb and threatened civil war unless the US bailed out AIG so as AIG could pay GS. I see no credance in your writings. Have you any proof to your crazy drivilings. You sound like the disbelieving parent of a child that has been a victim of clerical abuse pre-1990. Or maybe you work for them?

Of course they paid back their bailout with a little High Frequency Trading (micro-second market manipulation). These guys have the same business model as scientology. Fork over everything for thin air and brain washing. If anyone quips - send in the sharks (I mean lawyers).

[mryoungdan]

Liam, you are not an idiot so stop pretending to be. The 10 billion is crumbs

The wagers they had on derivatives are in the hundreds and thousands of billions. They were all losers as the counterparty could not settle. They could not settle because the bets were absolutely hare-brained to begin with.

That is why the ceo of Goldman was the US Secretary of the Treasury. He got Congress to bailout the cretins who took the donkey side of the trades. Do you think Paulson who earned 600 million bucks took the sucky job because he needed a 160000 dollar a year salary.

You are either pulling the piss and acting dumb or else you are a sock puppet for a real dummy like Tommy O Brien or HBAP

[Cassandra Syndrome]

Considering GS got money pushing CDS and subprime on the way up, then dropped the bomb and threatened civil war unless the US bailed out AIG so as AIG could pay GS. I see no credance in your writings. Have you any proof to your crazy drivilings. You sound like the disbelieving parent of a child that has been a victim of clerical abuse pre-1990. Or maybe you work for them?

Of course they paid back their bailout with a little High Frequency Trading (micro-second market manipulation). These guys have the same business model as scientology. Fork over everything for thin air and brain washing. If anyone quips - send in the sharks (I mean lawyers).

Nail on the head Mark.

[liamfoley]

There was a subprime market, simple as that. If it was not GS then it would have been another investment bank house. The reason the subprime market was so great was because people got the mad idea that everyone was ENTITLED to their own home no matter how low their income. No one forced people earning minimum wage to take out mortgages. It is no surprise that huge numbers began to default. That was the cause of the crisis not the nefarious (venture) capitalists.

[Cassandra Syndrome]

Sorry Liam, you either taking the p*ss or stupid. Both ways I do not have time for this pointless debate.

[scratchnsniff]

I seem to remember Burger king forcing their employees to take unpaid breaks when they were not needed, they had to sit in the staffroom and wait to be called. An employee could work for 1/4 hour then be told to sit down, I stopped using burger king at this point, even though they were made to change their ways.
I am happy within the democratic capitalist west, but workers must be protected and large companies are not gods. It seems to me that most people are talking out of their holes on here if they believe that BK employees are not being mistreated. If you work, you should be respected, otherwise its a race to the bottom.
At the same time we need to reward those that create and manage jobs, but we don't need to put our social mores in their hands and we have an obligation to intervene with companies in psychosis.

[Ráth Cúil]

I seem to remember Burger king forcing their employees to take unpaid breaks when they were not needed, they had to sit in the staffroom and wait to be called. An employee could work for 1/4 hour then be told to sit down, I stopped using burger king at this point, even though they were made to change their ways.
I am happy within the democratic capitalist west, but workers must be protected and large companies are not gods. It seems to me that most people are talking out of their holes on here if they believe that BK employees are not being mistreated. If you work, you should be respected, otherwise its a race to the bottom.
At the same time we need to reward those that create and manage jobs, but we don't need to put our social mores in their hands and we have an obligation to intervene with companies in psychosis.

"Capitalism is the extraordinary belief that the nastiest of men for the nastiest of motives will somehow work for the benefit of all Human Rights"

The workers will always be exploited. If not in one form then in an other.