Tuesday, December 01, 2009

Lloyd Blankfein Goes From Doing God's Work To Glock-Toting Robo Warrior For God

There you have it. The bailout was meant to keep the curtain drawn on the way the rich make money, not from the free market, but from the lack of one. Goldman Sachs blew its cover when the firm’s revenue from trading reached a record $27 billion in the first nine months of this year, and a public that was writhing in financial agony caught on that the profits earned on taxpayer capital were going to pay employee bonuses.

As we have said before, we are not witnessing capitalism by any stretch of the imagination. Capitalism seemingly died long ago. Bill Clinton did more to kill capitalism than any President in our history. We are witnessing fraud and corruption on a scale never before seen. It's preposterous that Goldman Sachs is going to donate $500 million of taxpayer money to charity. It's equally preposterous that Goldman Sachs is going to extend taxpayer credit to small businesses. Goldman Sachs is one of the top two or three worst offenders involved in the destruction of small business via their anti-trust anti-busting (the opposite of anti-trust busting) mergers and acquisitions business. Goldman Sachs and other Wall Street banks have become anti-capitalist pariahs sucking the life blood out of the American economy. They serve no useful purpose in their current form. Rather than creating wealth for society, they have simply redistributed our wealth to their pockets.

As I have said on here many times, we agitate for legal and just change. For nonviolent change. But the most important fuel for change is reasoned and nonviolent dissent. Dissent granted by our Constitution. Reasoned dissent is the greatest virtue of all freedom-loving citizens of the world.
posted by TimingLogic at 11:20 AM