Goldman Sachs

Goldman SucksIn celebration of this paragon of capitalism, Goldman Sachs, on April 30th we’ll be giving away copies of Danny Schechter’s latest documentary on Wall Street fraud, Plunder: The Crime of Our Time (available now on DVD and iTunes) for those who Tweet the following:

Let’s Give Goldman Sachs Their Own “Shitty Deal” #Plunder #GoldmanSucks #FreeFriday

(If you haven’t heard of the “shitty deal” yet read here.)

As always the more you Tweet the above phrase, the greater your chances of receiving a copy of Plunder on DVD. Here’s the trailer:

LBThese A-holes are no longer happy with the “Greed is Good” mantra? Kicking it up to the Almighty now? Great job ducking those questions from Congress today. Matt Taibbi, who’s been excellent on speaking the truth behind the so-called financial “crisis,” writes in the Guardian:

The investment bank’s cult of self-interest is on trial against the whole idea of civilisation — the collective decision by all of us not to screw each other over even if we can.

So Goldman Sachs, the world’s greatest and smuggest investment bank, has been sued for fraud by the American Securities and Exchange Commission. Legally, the case hangs on a technicality.

Morally, however, the Goldman Sachs case may turn into a final referendum on the greed-is-good ethos that conquered America sometime in the 80s – and in the years since has aped other horrifying American trends such as boybands and reality shows in spreading across the western world like a venereal disease.

When Britain and other countries were engulfed in the flood of defaults and derivative losses that emerged from the collapse of the American housing bubble two years ago, few people understood that the crash had its roots in the lunatic greed-centered objectivist religion, fostered back in the 50s and 60s by ponderous emigre novelist Ayn Rand.

Plunder director Danny Schechter writing for the Nation: The case has not even been heard in court and the company denies all the allegations. Almost every business publication has carried commentaries by…

News Dissector Danny Schechter explains why Goldman Sachs deserves criminal, not just civil fraud charges. As he says, “Goldman has not been sacked”:

It’s good to know that the banksters at Goldman realize that their lucrative franchise is in peril, but do they really think the arguments in their letter to shareholders will put off…

canstock0120312Via Bloomberg:

“I just wrote my first reference for a gun permit,” said a friend, who told me of swearing to the good character of a Goldman Sachs Group Inc. banker who applied to the local police for a permit to buy a pistol. The banker had told this friend of mine that senior Goldman people have loaded up on firearms and are now equipped to defend themselves if there is a populist uprising against the bank.

I called Goldman Sachs spokesman Lucas van Praag to ask whether it’s true that Goldman partners feel they need handguns to protect themselves from the angry proletariat. He didn’t call me back. The New York Police Department has told me that “as a preliminary matter” it believes some of the bankers I inquired about do have pistol permits. The NYPD also said it will be a while before it can name names.

While we wait, Goldman has wrapped itself in the flag of Warren Buffett, with whom it will jointly donate $500 million, part of an effort to burnish its image — and gain new Goldman clients. Goldman Sachs Chief Executive Officer Lloyd Blankfein also reversed himself after having previously called Goldman’s greed “God’s work” and apologized earlier this month for having participated in things that were “clearly wrong.”

Has it really come to this? Imagine what emotions must be billowing through the halls of Goldman Sachs to provoke the firm into an apology. Talk that Goldman bankers might have armed themselves in self-defense would sound ludicrous, were it not so apt a metaphor for the way that the most successful people on Wall Street have become a target for public rage.