http://blogs.reuters.com/felix-salmon/2012/03/28/how-many-insiders-should-sit-on-goldmans-board/ A slice of lime in the soda Sat, 18 May 2013 04:10:35 +0000 hourly 1 http://wordpress.org/?v=3.4.2 http://blogs.reuters.com/felix-salmon/2012/03/28/how-many-insiders-should-sit-on-goldmans-board/comment-page-1/#comment-37404 EconMaverick Wed, 28 Mar 2012 20:50:17 +0000 http://blogs.reuters.com/felix-salmon/?p=12789#comment-37404 Yeah, agree with the comment above. Goldman and their peers did tons of crap during the late 1920s before the Great Depression, and they were fully "found out" by the Pecora commission, which was far more aggressive than anything we've seen today, yet even at that time, they were allowed to continue (albeit under a strict regulatory regime), and customers continued to do business with them Yeah, agree with the comment above. Goldman and their peers did tons of crap during the late 1920s before the Great Depression, and they were fully “found out” by the Pecora commission, which was far more aggressive than anything we’ve seen today, yet even at that time, they were allowed to continue (albeit under a strict regulatory regime), and customers continued to do business with them

]]> http://blogs.reuters.com/felix-salmon/2012/03/28/how-many-insiders-should-sit-on-goldmans-board/comment-page-1/#comment-37398 MrRFox Wed, 28 Mar 2012 16:07:09 +0000 http://blogs.reuters.com/felix-salmon/?p=12789#comment-37398 Um ... Mr. Salmon, one can't help but suspect that getting Goldman to clean-up its act is going to be even tougher than getting the Teamsters to clean-up theirs. As with the latter group of thugs, the former is probably only going to genuinely do that at gunpoint. There’s too much money and too much history involved, lad, for it to be otherwise, IMO. Um … Mr. Salmon, one can’t help but suspect that getting Goldman to clean-up its act is going to be even tougher than getting the Teamsters to clean-up theirs. As with the latter group of thugs, the former is probably only going to genuinely do that at gunpoint. There’s too much money and too much history involved, lad, for it to be otherwise, IMO.

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