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Goldman Sachs practices guns and butter

Posted by Greg L on December 3, 2009 · 1 Comment

This is from Bloomberg. Goldman Sachs, a major investment bank and government bailout recipient, is taking a page from Lyndon Johnson’s book and is trying to craft a guns and butter type deal to escape tarring and feathering. Investment bankers at Goldman Sachs are apparently attempting to arm themselves with guns in the face of public outrage over … Continue reading →

Filed under Business, Financial Crisis · Tagged with Bank Bailouts, Bank Bonuses, Goldman Sachs, Goldman Sachs and Guns

“If we remain poor and dependent, the riches of other men will not avail us. If we are ignorant, the intelligence of other men will do but little for us. If we are foolish, the wisdom of other men will not guide us. If we are wasteful of time and money, the economy of other men will only make our destitution the more disgraceful and hurtful. “
Frederick Douglass
“If you form the habit of going by what you hear others say about someone, or going by what others think about someone, instead of searching that thing out for yourself and seeing for yourself, you will be walking west when you think you’re going east, and you will be walking east when you think you’re going west. This generation, especially of our people, has a burden, more so than any other time in history. The most important thing we can learn to do today is think for ourselves.”
Malcolm X
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