Loaded-Gun.Com - Anti-Social.Com's Rejects!
General Category => Politics, Philosophy, News and/or Current Affairs => Topic started by: underclass on April 16, 2010, 11:26:03 AM
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accused of fraud (http://www.nytimes.com/2010/04/17/business/17goldman.html?hp)
while this will please the masses, it's like accusing haliburton over the war in Iraq
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Which also is not entirely absurd.
Since these wars have been fabricated specifically to loot this nation first off and forward a larger agenda secondly.
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Right.
GS and other banks did a lot of dumb things because they were allowed to by the ratings companies. I'm probably preaching to the choir here
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Not dumb. Illegal and immoral. But profitable. So not dumb. Right?
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the biggest currency those places have is their reputation... we'll see how dumb they are after this is over
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Yeah, the ratings companies and the US regulatory system pretty much rolled over for them.
Crying fraud once things blow up in your face is pretty disingenuous, since the same people were looking at all these deals and products with a wink and a nod a couple of years ago.
Granted, I have beef with the way corporations are allowed to operate in the US. But under current law, if you say, fine a coal mining corporation much, much less for a safety violation than the cost to fix the safety violation, you shouldn't be surprised by a catastrophic failure at some point.