Thursday, April 23, 2009

Goldman, Goldman, Everywhere!

I read an article in the 17 April 2009 NYT about Edward Liddy, current AIG chief and his interests in, what else, Goldman Sachs (GSG). I thought of writing about it, but Junior at Junior Deputy Accountant, 17 April 2009, anticipated my thoughts, link: http://www.jrdeputyaccountant.com/2009/04/aig-chief-liddy-his-3-million-goldman.html. The US is economically hopeless. We need a new Andrew Jackson to drive all the "former" GS executives from the temple. Or else hope the "Master" returns with his whip to do it.

3 comments:

Anonymous said...

I wondered when Liddy was appointed how Paulson et al could miss the perception of conflict of interest since he was a former GS board member...

Maybe Government Sachs is so used to controlling things that it never occurred to them that walking off with billions of $ would be perceived as a "problem"... eh?

Jr Accountant said...

all Goldman all the time.

Did you see the NYT article? Geithner supposedly went to both JPM and GS to see if either was interested in offering up capital to save AIG last fall - now why in the hell would Goldman pay their own money to save AIG just so they could get their own money back?

Surely Geithner knows this. Or he's much more stupid than originally expected.

Isn't that in page one of the New York Fed President handbook? "Rule #1: All Goldman, all the time - as long as you remember that, you'll do great here at the New York Fed"

What a joke

Jr

Anonymous said...

The New York Fed should just save rent money and move operations down to 85 Broad...