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by gavanwoolery 5205 days ago
I have ranted for a long time about the corruption at Goldman Sachs, mostly to deaf ears. :) This is the tip of the iceberg, as far as I am concerned. My bigger concern is how involved GS is with our government.

http://www.nytimes.com/2008/10/19/business/19gold.html?pagew...

As it turns out, the human race is extremely intelligent and wherever there is an opportunity to make money (corrupt or not), people are probably doing it. I would call it a conspiracy theory, if it were not occurring in plain site. Exactly which Americans approved of the multibillion dollar bailout, show of hands?

2 comments

> My bigger concern is how involved GS is with our government.

I agree: This deserves a great deal more attention.

Hell, just the Henry Paulson tax giveaway should have caused civil unrest.

"tax" giveaway? It's all borrowed money anyway, not actual tax revenue. Drop in the bucket compared with the rest of the federal budget, and most of it was paid back.
> It's all borrowed money anyway, not actual tax revenue.

Huh? How is forgiven taxes not tax revenue?

http://www.marketwatch.com/story/paulson-files-to-sell-500-m...

If Hank paid the taxes anyway, I can't imagine that scumbag would have done so without major PR and fanfare.

Sigh. Learn reddiquette people - downvoting is for irrelevant comments - not necessarily comments that you just disagree with.

http://www.reddit.com/help/reddiquette

If you disagree with me, that is cool - just leave a comment telling me why. If you think my comment is irrelevant for some reason, also let me know why.

Edit: More appropriately -- http://ycombinator.com/newsguidelines.html

Didn't mod you, but I think you're looking for this: http://ycombinator.com/newsguidelines.html
Thanks, that is more relevant :)