Let's Talk About How Goldman Makes Money; 1 in 6 in USA Unemployed or Underemployed

WaveStrider · Jul 21, 2009

Quote from ByLoSellHi:

...ignores the fact that you can't get water from a rock.

AIG wasn't collectable without a taxpayer bailout, hence, again, Goldman would never have gotten paid on what AIG owed it, and Goldman would have probably have gone under or come close to it, being permanently crippled in the process.
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I don't see what that has to do with the taxpayer.

Firms that AIG owed money to had a legal avenue for redress.

omegapoint · Jul 21, 2009

Quote from asiaprop:

I am saying that if you consider GS's business practices unethical then about 95% corporations are unethical as well. Or do you find the way defense contractors secure new orders is ethical? Or is how P&G runs production facilities with little or zero regard to employee safety in many countries ethical? Or how about the ethics of how Boing/Airbus lobby their interests? The list goes on and on.

If you despise how GS lobbies its self-interest then you may as well rewrite the entire way corporates conduct business world wide. Let's be clear: We all wish business is conducted in a 100% clean, ethical, and respectful manner, but thats not what I see ANYWHERE. Should we strive to improve things if its for the benefit of society at large? Sure and the ONLY thing I have been arguing for was to NOT single out GS because pretty much everyone else is conducting business in a very similar fashion, albeit in their own sector specific/company specific ways.

I simply find it questionable how some "GS bashers" point fingers while they would probably go to great, if necessary, unethical lengths to further their own success. Its easy to point fingers for some of those guys with their 1000 dollars and one mini lot under their arm. The game is entirly different when you are managing stakes on completely different levels. In this competitive environment it comes down to life or death and most chose life within the legal limits even if that means they have to sacrifice being 100% "clean". I dont condone unethical conduct but I think when each one reflects on their own dealings...you know where I am getting at...
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This proves you can't reason your way out of a paper bag.

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Let's Talk About How Goldman Makes Money; 1 in 6 in USA Unemployed or Underemployed

WaveStrider

omegapoint