Comments on: Fire the lot of ’em! http://blogs.reuters.com/felix-salmon/2009/11/19/fire-the-lot-of-em/ A slice of lime in the soda Sun, 26 Oct 2014 19:05:02 +0000 hourly 1 http://wordpress.org/?v=4.2.5 By: jean john jane http://blogs.reuters.com/felix-salmon/2009/11/19/fire-the-lot-of-em/comment-page-1/#comment-9046 Sun, 22 Nov 2009 15:05:14 +0000 http://blogs.reuters.com/felix-salmon/2009/11/19/fire-the-lot-of-em/#comment-9046 Many, though not all, Americans are 100% pure imbeciles! It goes without saying that this situation is a problem when we know that “every vote counts”… Viva le Francia!

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By: csodak http://blogs.reuters.com/felix-salmon/2009/11/19/fire-the-lot-of-em/comment-page-1/#comment-9022 Fri, 20 Nov 2009 22:23:51 +0000 http://blogs.reuters.com/felix-salmon/2009/11/19/fire-the-lot-of-em/#comment-9022 Idiots abound when it comes to anyone currently or once associated with CNBC. Let’s talk to Goldmans shareholders to see if they felt that the same form of betrayal when Buffet and the rest of the Goldman team consulted with our government (and in a few instances actually part of the government)when crafting the bailout of AIG thus saving Goldmans arse. This is a form of embezzlment perpertrated on the American taxpayer. Imbeciles!

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By: Alan Furth http://blogs.reuters.com/felix-salmon/2009/11/19/fire-the-lot-of-em/comment-page-1/#comment-8975 Thu, 19 Nov 2009 22:40:30 +0000 http://blogs.reuters.com/felix-salmon/2009/11/19/fire-the-lot-of-em/#comment-8975 I tend to lean more in the GS PR BS direction that Jessica is pointing to — The Economist tells me that GS has set aside $16.7 billion for pay and compensation so far this year…

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By: Felix Salmon http://blogs.reuters.com/felix-salmon/2009/11/19/fire-the-lot-of-em/comment-page-1/#comment-8957 Thu, 19 Nov 2009 20:19:19 +0000 http://blogs.reuters.com/felix-salmon/2009/11/19/fire-the-lot-of-em/#comment-8957 Jessica, if you divide $500 million by 10,000, you get $50,000, not $50.

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By: Jessica6 http://blogs.reuters.com/felix-salmon/2009/11/19/fire-the-lot-of-em/comment-page-1/#comment-8946 Thu, 19 Nov 2009 19:07:30 +0000 http://blogs.reuters.com/felix-salmon/2009/11/19/fire-the-lot-of-em/#comment-8946 I agree – Gasparino’s hyperbole is just silly.

If you further delve into the math – $500M over five years to help up to ten thousand businesses – it works out to roughly $50 per business altogether.

And that’s from the total amount, before it’s been filtered through these ‘foundations’ and community groups, etc. and ignoring that the bulk of it would be for ‘education’ and the amount that would turn out to be a tax dodge as well. This is the REAL story lost in the noise – it’s just more GS PR BS but it’s enough to impress some of the headline writers.

For some reason it reminds me of that crude saying… something about trying to warm up the ocean by peeing in it??

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By: dWj http://blogs.reuters.com/felix-salmon/2009/11/19/fire-the-lot-of-em/comment-page-1/#comment-8942 Thu, 19 Nov 2009 17:59:03 +0000 http://blogs.reuters.com/felix-salmon/2009/11/19/fire-the-lot-of-em/#comment-8942 Felix, the whole world has been headed for corner positions for the last year. Look at just about any election result around the world; look at the invention of the non-abortion-related conservative protest in the US.

I kind of see what Gasparino is getting at, but GS, when it went public, made a point that it intended to continue with its history of spending money on its conception of social projects — under Paulson, that tended to be environmental stuff, under Blankfein more educational stuff — and that, if you didn’t like that, you were welcome not to buy the stock. I appreciate the idea of a fiduciary duty to the shareholders, but I think Blankfein has the confidence of most of the shareholders, and any minority of shareholders who oppose this sort of thing has effectively “come to the nuisance”.

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By: SelenesMom http://blogs.reuters.com/felix-salmon/2009/11/19/fire-the-lot-of-em/comment-page-1/#comment-8935 Thu, 19 Nov 2009 15:59:01 +0000 http://blogs.reuters.com/felix-salmon/2009/11/19/fire-the-lot-of-em/#comment-8935 Oh PS — I went to school with a lot of people who now work at GS, as did many other small business owners. Not that they were the class dummies or anything, but also it’s not like Goldman hired the top 25 people out of each top school, left the next 25 for McKinsey, and now here comes brand manager jobs and small business bringing up the rear.

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By: SelenesMom http://blogs.reuters.com/felix-salmon/2009/11/19/fire-the-lot-of-em/comment-page-1/#comment-8934 Thu, 19 Nov 2009 15:56:11 +0000 http://blogs.reuters.com/felix-salmon/2009/11/19/fire-the-lot-of-em/#comment-8934 Agree with Bill above. Emotionally, I think a lot of us just want to reboot, and control-alt-delete isn’t apparently doing anything, so we are yelling for things like hit the power button or even take out the neighborhood transformer.

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By: zach http://blogs.reuters.com/felix-salmon/2009/11/19/fire-the-lot-of-em/comment-page-1/#comment-8933 Thu, 19 Nov 2009 14:27:03 +0000 http://blogs.reuters.com/felix-salmon/2009/11/19/fire-the-lot-of-em/#comment-8933 “commitment to spend $500 billion over five years? Very odd.”

Typo.

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By: Bill http://blogs.reuters.com/felix-salmon/2009/11/19/fire-the-lot-of-em/comment-page-1/#comment-8931 Thu, 19 Nov 2009 14:16:44 +0000 http://blogs.reuters.com/felix-salmon/2009/11/19/fire-the-lot-of-em/#comment-8931 The more important issue is that GS took an approach that is blame the victim or deflects from the problem at hand: Namely, that they are saying that small business owners simply need “education,” “training,” etc. There is also money for CDFIs, which is better.

Meanwhile, banks across America are zapping the credit of small business. And GS helped make that happen.

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