Comments on: Goldman’s new standards watchdog needs real teeth http://blogs.reuters.com/breakingviews/2010/05/09/goldmans-new-standards-watchdog-needs-real-teeth/ Wed, 22 May 2013 21:12:54 +0000 hourly 1 http://wordpress.org/?v=3.4.2 By: magdin http://blogs.reuters.com/breakingviews/2010/05/09/goldmans-new-standards-watchdog-needs-real-teeth/comment-page-1/#comment-2476 magdin Wed, 12 May 2010 19:40:33 +0000 http://blogs.reuters.com/columns/?p=3036#comment-2476 if its possible I reply to Luke_Don: Goldman and Suchs is a BIG, BIG name and reuters take it as an exemple for all the others banksters. It's name is also all explained WHY the usa are in the hand of some european tribe all of us know well without say it clearly,ok. (Sorry, Reuters, I have a new laptop tonite where I can't take the sign AT of my mail, sothat the subscribtion to the insiders panel has failed.Give me some name of DUBAI office both financial and media ones.Thanks) if its possible I reply to Luke_Don: Goldman and Suchs is a BIG, BIG name and reuters take it as an exemple for all the others banksters. It’s name is also all explained WHY the usa are in the hand of some european tribe all of us know well without say it clearly,ok.
(Sorry, Reuters, I have a new laptop tonite where I can’t take the sign AT of my mail, sothat the subscribtion to the insiders panel has failed.Give me some name of DUBAI office both financial and media ones.Thanks)

]]> By: Luke_Don http://blogs.reuters.com/breakingviews/2010/05/09/goldmans-new-standards-watchdog-needs-real-teeth/comment-page-1/#comment-2461 Luke_Don Mon, 10 May 2010 15:08:32 +0000 http://blogs.reuters.com/columns/?p=3036#comment-2461 I love the attention that this is bringing to greed & the unethical business practices on Wall Street. However, my question is this: why is the focus solely on Goldman Sachs? Clearly, other firms were acting in a similar manner. In the end, I think that what is needed is heavy reform and policing of the industry. Without this action, there will firms that act unethically will have a competitive advantage over those who do not, since those practices lead to higher profits. And if this is the case, then inevitably there will be firms who take the unethical route. Lastly, I think Goldman Sachs should be pushing for strong reforms & policing. No matter the level of policing, they will be in the best position to make the most profits, since they recruit the top employees, so why not make those large profits under a culture that they can feel good about? I love the attention that this is bringing to greed & the unethical business practices on Wall Street. However, my question is this: why is the focus solely on Goldman Sachs? Clearly, other firms were acting in a similar manner.

In the end, I think that what is needed is heavy reform and policing of the industry. Without this action, there will firms that act unethically will have a competitive advantage over those who do not, since those practices lead to higher profits. And if this is the case, then inevitably there will be firms who take the unethical route.

Lastly, I think Goldman Sachs should be pushing for strong reforms & policing. No matter the level of policing, they will be in the best position to make the most profits, since they recruit the top employees, so why not make those large profits under a culture that they can feel good about?

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