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Thread: Goldman Sachs' charm offensive - does it work on you?

  1. #1
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    Default Goldman Sachs' charm offensive - does it work on you?

    You may not be interested in Goldman Sachs, But GS are interested in you - specifically in your money.

    These days GS are feeling heat of a kind they are not used to. The workaholic money making machinists believe they are the target of unfair criticism. They have read what people like politics.ie poster youngdan and others have said about their evil ways and they feel - well, misunderstood. So they break the habit of a lifetime and let a feature writer - John Arlidge - inside the citadel to report on how they are really doing 'God's work'.

    Do you buy the picture he paints?

    Number 85 Broad Street, a dull, rust-coloured office block in lower Manhattan, doesn’t look like a place to stop and stare, and that’s just the way the people who work there like it. The men and women who arrive in the watery dawn sunshine, dressed in Wall Street black, clutching black briefcases and BlackBerrys, are very, very private. They walk quickly from their black Lincoln town cars to the lobby, past, well, nothing, really. There’s no name plate on the building, no sign on the front desk and the armed policeman stationed outside isn’t saying who works there. There’s a good reason for the secrecy. Number 85 Broad Street, New York, NY 10004, is where the money is. All of it.

    It’s the site of the best cash-making machine that global capitalism has ever produced, and, some say, a political force more powerful than governments.


    I'm doing 'God's work'. Meet Mr Goldman Sachs - Times Online
    "It is difficult to get a man to understand something when his salary depends upon his not understanding it." - Upton Sinclair.

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    "It is difficult to get a man to understand something when his salary depends upon his not understanding it." - Upton Sinclair.

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    Stop being so jealous,and create your own organisation if you don't like them.

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    I'll put you down as a Yes then.
    "It is difficult to get a man to understand something when his salary depends upon his not understanding it." - Upton Sinclair.

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    Politics.ie Member cyberianpan's Avatar
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    What the little people may not like is that Goldman employs the best, their sheer human talent is what has them doing so well. Numpties and conspiracy loons ain't given jobs there

    Goldman was the first major bank to see the credit bubble bursting and decided to get out in time:

    NYT
    Reporters wanted to understand how Goldman had somehow sidestepped the disaster that had befallen everyone else. What they discovered was that in December 2006, Goldman’s various indicators, including VaR and other risk models, began suggesting that something was wrong. Not hugely wrong, mind you, but wrong enough to warrant a closer look.

    People here especially ain't fond of elitism or success ... thankfully they've little power or influence

    cYp
    "Yawn , am I alive yet ?"

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    Politics.ie Member mmrebel's Avatar
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    That ST article very good and remember the GS Ceo paid himself $68m last year,the son of 2 working class Joe Soaps and paid his way through college capitlism works.
    Under communism he would have been made count sheafs of corn.

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    Politics.ie Member jcdf's Avatar
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    What goes up must come down.
    Economic Left/Right: -0.50
    Social Libertarian/Authoritarian: -0.77

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    I think Goldman Sachs are wonderful. They showed understanding of the global financial markets far above and beyond anybody else and simply as a result of that they didn't get burnt.

    To put it another way, they had the sense to learn from their mistakes... and the mistakes of others.

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    Politics.ie Member rhonda15's Avatar
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    Default to say that i intensely dislike Goldman Sucks ....

    is putting it mildly

    this is a thread worth reading

    http://www.politics.ie/economy/86024...ax-keiser.html

    here is Matt Taibbi's great article:

    Inside The Great American Bubble Machine

    Inside The Great American Bubble Machine : Rolling Stone
    "The individual is handicapped by coming face to face with a conspiracy so monstrous he cannot believe it exists.'' ~ J. Edgar Hoover http://tiny.cc/b2jo9

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    Then why are they so unloved CM?

    As Arlidge says:

    Goldman’s reputation is suddenly as toxic as the credit default swaps and other inexplicably exotic financial instruments it used to buy with glee.
    "It is difficult to get a man to understand something when his salary depends upon his not understanding it." - Upton Sinclair.

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