Dylan Ratigan: Is Goldman Sachs Doing "God's Work"?
By Heather Tuesday Nov 10, 2009 6:00am
From MSNBC's Morning Meeting, Dylan Ratigan talks to author and former managing director for Goldman Sachs Nomi Prins about this week's article in the UK Times I'm doing 'God's work'. Meet Mr Goldman Sachs.
Think Progress has more--Goldman Sachs CEO says he’s ‘doing God’s work,’ rejects the idea that Goldman profits from gov’t support:
Last quarter, Wall Street investment bank Goldman Sachs made a $3.19 billion profit, and according to some estimates, the firm will set aside $21.9 billion for compensation this year. In an interview with London’s Sunday Times, Goldman CEO Lloyd Blankfein said that the firm is serving an important “social purpose” by helping companies grow, and denied the idea that Goldman is only able to make record profits thanks to government support.
Blankfein dismisses any suggestion that Goldman needed to be bailed out, and, by extension, rejects any notion that the firm is now profiting from public support. Sure, he took $10 billion from Washington’s Troubled Asset Relief Program (Tarp). But the bank has since repaid the cash, with healthy interest — 23%. Goldman also benefited from the federal bail-out of the huge US insurance firm AIG. Goldman had bought $20 billion worth of insurance from AIG and received billions of dollars — perhaps as much as $13 billion — when Washington pumped $90 billion into the stricken giant. But Blankfein insists Goldman was “hedged” against any AIG losses, in the best possible way — with cash.






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God will get you for that, Walter...
this America and God loves us more than all the other people on the planet.
You are being facetious, I trust...right? Please tell me you're being facetious....
If not...would you care to tell me upon what evidence this rather Pollyanna-ish claim rests? I can only speak for myself, of course -- but in my own opinion and experience, the claim that God Is On Our Side should always be viewed with extreme skepticism (if not outright distrust).
To the phrase "God's work"
"God is a comedian playing to an audience too afraid to laugh."
Voltaire (1694-1778)
is certainly stark mad: he cannot make a worm , yet he wil make gods by the dozen .
Michel de Montaigne
.............the gods answer your prayers.
shirking his responsibilities again. Whassup, supreme one? Get back in there and pull yer own weight!
does not do minimum wage. he's more like fuck you, pay me.
in stock options for performance bonuses. I hear he hasn't topped the record he set when he came up with that profitable new derivative line using Adam's rib.
Now you're just ribbin me!
:)
Just what we need - faith-based economics and money management...
... it's called 'prosperity theology' and consists of 'Dear Lord, gimme neat shit so I can do your work,' as expressed in trite bestsellers like 'The Prayer of Jabez' and 'The Secret.'
..............years at 'C' Street. All your sins are absolved because you deserve to be rich, not important how, or whose $$$$$ you stole. That's what made Hillary a whore, and 'C' Street took her in wiped her tears, and assured her that she had done nothing 'wrong' at all. It is her right as one of their 'elect' to have more $$$$$$$$$$ than any of our invented gods.
Because rich people are closer to God than the unwashed masses, don'tcha know. Just ask the Medicis of Florence.
Wall street and the banker/investors have been preying on us so . . .
(just one letter difference)
not this weeks news.
Anyway, Goldman Sach's is Americas New God.
The Ministry of Plenty
Andy's on the HuffPost humor page, interviewing Satan. That bad boy says that Goldman Sachs better remember he's signing their paycheck.
I think even progressives have to refuse to watch/read/listen to corporate media.
I guess I'm just a stick in the mud.
... that we all look for self-validation.
The 'corporate media's' problem is that they're trying to please everyone in order to garner the greatest market share. Facts become irrelevant compared to ratings.
MIND SHARE as in brainwashing
Rating must have a very large "con" bias then.
I think the corporate media has a message more than a quest for ratings.
FNS has had about the same number of viewers for many years (about 1.2 million)
... just have Rush Limbaugh whining about it all the time.
There's your brainwashing right there.
... just have (never mind)
•Noam Chomsky - Necessary Illusions: Thought Control in Democratic Societies from 1988 - Media, Propaganda and Democracy
---
by Adam Curtis here
• This is also treated in the work of the late (d 1988) Australian sociologist Alex Carey
•The documentary on Chomsky (Thought Control in a Democratic Society) Manufacturing Consent here
•The Ad and the Ego here
•George Orwell's 1984, where the purpose of Newspeak is to make political discourse impossible.
•The documentary Orwell Rolls in His Grave here Download here
•Stuart Ewen here
•The Corporation here
•John Pilger The War on Democracy here
•John Pilger Obama and Empire here
this on TV. Never happen. the rich control every thing,TV News,News Papers and our wonderfull people in congress. I would say there about 20 to 25% of people in congress who want to do the right thing. if they get it going along comes the TV to brand them a nut!
There are 24 hours of documentaries in those links.
Study them, I have.
Zeitgeist the movie?
Hokum alert there. I'd be careful not to confuse it with the work of serious social scientists.
That is my take.
.
.................the only thing that cocaine saturated jerk born with a cocaine implant ever did 'right' was to dumb-down Amerika for BLOODYISRAEL. GAG!!!! We been booooooosh-wacked indeed!
With all the attention being paid to healthcare reform, what's left of the countries wealth is being blatantly stolen by these banks.
It's already been stolen. Now they are stealing your grandchildren's futures.
and more democrats voted for the bailout (than did republicans)
I guess that makes democrats the "new" party of faith!
must be a man b/c no woman would ever fuck things up like this .
George Carlin
Sing it, brutha!
*
laddie!
So...now the money changers are hiding behind the lord.
Gosh...so many excuses so little indictments.
Our rock star CEOs are turning into John Belushi. Soon they will be rendered to THIS..."Honest... I ran out of gas. I, I had a flat tire. I didn't have enough money for cab fare. My tux didn't come back from the cleaners. An old friend came in from out of town. Someone stole my car. There was an earthquake. A terrible flood. Locusts. IT WASN'T MY FAULT, I SWEAR TO GOD."
.............whipped the shit out of the USERY community in plain sight of all, publically humiliated them, (is that possible?) they don't humiliate and go the phuck away!!!!!, do they??? No! Take out your whips folks. There are many perfectly legal ways to screw up the USERY community and some have found voice here. I say to the 'hackers' You really such big shit???? Prove it and take out the WALLSTREETBANKSTERS!!! You'd be the HERO you know you can be and want to be!!!!! Take 'em out!!!
they won't mind being looted in stealth until the day comes when everything they thought they had is gone.
just dont steal football, baseball, or the beer in the fridge, and Americans will be none the wiser.
Totally correct.
the stupidity of the American public." Who came up with quote anyway?
PT Barnum ( sp ) ?
"Nobody ever went broke underestimating the intelligence of the American public."
H. L. Mencken (1880 - 1956)
http://www.quotationspage.com/quote/858.html
i only put 2 cents in lol
. .
thought was WC Fields , wait that was never give a sucker an even break
Stealing is doing "god's work" so IMO this moron has a point.
helping people out of their money.
...that Blankfein didn't specify to which "God" he was referring! I for one am inclined to suspect that perhaps without being consciously aware of it himself, the god to whom he was referring is Mammon AKA The Almighty Dollar -- indeed, in my opinion, that's the only possibility which would make his statement true. This much at least is certain -- it can't possibly be the Judeo-Christian one (which is the one to which that word refers in the minds of most Americans), not when you consider the number of verses in the Bible which suggest that it's all too easy for the pursuit of wealth to create a conflict of interest with belief in and obedience to God.
It sounds to me as if someone needs to remind Blankfein that God's work is supposed to benefit everyone and not just the super-wealthy. If the last thirty years have proved anything, it's that "helping companies grow" tends to benefit those who own them far more than anyone else and that "trickle-down economics" is at best an illusion (and at worst, an elaborate scam which has been in large part responsible for the economic stagnation and increasing erosion of the middle class). For that matter, if Blankfein had truly believed at the time that Goldman had no need of a bailout, then why did he take TARP funds since that's what they were for? And no...I don't care that he's already paid the money back with interest. The very least the man could do is show some gratitude!
don't feel gratitude.
Say you're doing God's work, get the poor, uneducated, easily convinced fundies to support your Godly Mission to get rich.
In my decidedly un-cultured community, we've got only about three radio stations in town that play music of any kind and 1 and a half NPR affiliates. The music stations have playlists about 12 songs deep, and I don't care for every single program on NPR. So I use the "scan" button a lot.
I can reliably receive 3 "Christian" radio stations, and 2 or 3 more if conditions are right. These are instantly recognizable -- not because they'll usually be broadcasting a sermon or hymns, choral anthems or the dreaded "contemporary Christian music". You know, the meat-and-potatoes of religious stations a few decades ago. No, what I'll almost always hear are political and religious programs. Programs with a remarkably consistent ultra-conservative political outlook and a decidedly pronounced laissez faire economic viewpoint. Always spiced liberally with biblical and faux-biblical justifications.
I have to wonder what would cause these stations to take such a consistent viewpoint, and to devote so much programming to issues not related to evangelism or spirituality or even religious apologetics. Could it be the source of their funding? Would anyone be surprised if these stations were bought-and-paid-for by the Goldman Sachses and other corporate conglomerates of this world? Perhaps for the express purpose of convincing these easily convinced fools that they are divinely ordained?
Or perhaps I just see conspiracies everywhere, who knows.
.
There isn't one on the FM "dial". I don't think I have a radio with a dial -- or even a linear scale anymore -- oh well, I get so easily distracted. I haven't thought to investigate AM. I'm such an elitist snob.
This sure as hell reads sounds and smells like CORPORATE SOCIALISM to me, or did I miss something.
How come these brave scumbags aren't embracing the pass or fail system of capitalism but are rolling over and saying tickle my tummy I LOVE SOCIALISM.
Oh! too big to fail rrriiiggghhhhtttt.
Remember "follow the money"? It's the only tried and true way to unravel the lies and cover stories that hide corporate or government criminality. And for Goldman there's an obvious one: How did they get paid $12.9 billion - dollar for dollar -- on their counterparty positions with AIG? Who negotiated these payouts on behalf of AIG and Goldman? Who at Treasury approved them? Was every AIG counterparty paid out dollar for dollar? And if not, what criteria were used to distinguish counterparty payouts?
Single issue -- very simple. A real inquiry digging for answers to these basic questions would unravel the whole scheme.
But Woodward and Bernstein-style journalistic integrity is long gone. And writing letters to congresspersons and media outlets will no longer inspire them to do the people's business. Sigh, ugh, repeat.
Which leaves only higher law: "Pride goeth before the fall" and "There're no pockets in a shroud."
She follows the money.
And where it leads will blow your mind.
Like reading a thriller, only it's real-life: yours, mine, our friends, our families, our bank accounts...
These are the guys that the GOP wants you to trust with your Social Security fund.
was a greedy f@scist pig who wants to rip the people and the govt. off while doling out extravagant bonuses to his minions for being complete failures.
So, Goldman Sachs is a sub-contractor for God?
Here's what's next: private churches managed for profit by public companies shored up with government money. Now there's separation of church and state.
who shall stand against them???? Ummm.. maybe the Philistines?
is that the same god who just sits there and lets a child killer do his thing? is that the same god who just sits there when a nut with a gun kill 10 or 20 people. I have had it up to my eye balls with this god shit. the freaks who push this god shit need to get a life. this vidio could not have said it better:http://www.youtube.com/watch?v=-MZzA1DjbD4&feature=PlayList&p=BC79045A6518D2A6
That's the same God Mark Twain called a "malign thug". So go armed among his countrymen.
Guess Goldman is bucking for a tax exemption.
And I do believe that those of us who succeed and do well are blessed, but to claim that working for personal profit is God's work is arrogant beyond belief.
"And in the end the love you take is equal to the love you make"
If you have a home loan that you pay $10,000 in interest and only $2,300 comes off your loan, this is a bankers dream, a wet one and the people in congress could give a shit for the working people in the US or any where else. We take a shower after work unlike the asshole bankers who shower B 4 work.
I have heard her on Democracy Now! several times, she is brilliant.
http://www.nomiprins.com/
Americans oh Americans.
You have been had by the capitalists few.
They have convinced you your only choice is socialism or capitalism.
In my day of youth it was capitalism or communism.
the world is not dualistic but relative
They drive fear into you while they smile all the way to their banks
Capitalism by its very nature is designed to create a society of a few haves and almost all have nots, one cent owns most of wealth in our nation.
They have convinced you that capitalism and patriotism are one and the same.
Even the media are capitalists and won’t tell you what I am telling you.
Capitalism is based in Darwinism survival of the fittest.
For your religious folks capitalism goes against everything Jesus taught yet you are in love with capitalism and have been told anything other than capitalism will take away your religious freedoms and your guns.
The capitalists are smarter than you and they know how to control you and take your wealth right in front of your eyes. They use fear tactics and it works.
For you military folks you are participating in supporting a capitalist agenda of wars for profits for the few and a mega industrial military complex like the world has ever known.
Capitalism is so evil and immoral it will even condone mega profits off the sick and needy. Even leave the sick and needy without a way to purchase health insurance.
Even mega profits off private prisons for profits.
Capitalism by its very nature always puts profits over people.
Capitalism will self destruct; it is self-destructing now right before our eyes.
But not until it creates a nation of haves (1%) and 95% have nots.
Wake up Americans you have been had by the capitalists, which include media, politicians, and corp America.
Capitalism is the economic ideology of both demos and repubs.
capitalists will even resort to socialism to enhance their wealth as we saw with wall street, insurance, and bank bailout with your money.
both the demos and the repubs are in the pockets of these capitalists. politicans actions speak louder than their words.
at all he had made and said, "This is fucked. I'm foreclosing."
and it ain't the "G" man.
Goldman Sachs is not performing God's work but instead the Devil's work. God blast Goldman Sachs.
Obama is letting Goldman off the hook and capitalizing them so they can create the next generation of FINANCIAL WEAPONS OF MASS DESTRUCTION to finally destroy America.
"Are You There God? It's Me Lloyd"
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