Like a Gold Neighbor
A whipping boy, was a youngster assigned to a crown prince and punished when the prince misbehaved or fell behind in his schooling. Naturally, the issue of the prince's incompetence was never addressed or solved. As long as the whipping boy's back was bloody enough, all was well in the idiot realm.
Every so often our society finds a new whipping boy, in spite of the best efforts of Tony Heyward and Bernie Madoff, nobody comes close to Goldman Sachs in this past year.
It is as if the name and it's embedded symbolism has unnerved the public at large and even the Wall Street community. The nerve of these Men...to pursue Gold...while clutching their Sachs at us!
Whether its Lloyd, Fab or Gary, it seems like with each new week a new sack is in danger of being snipped...even WSO has fallen victim to the panic.
The latest Goldman improv routine is currently being staged by the Downtown Manhattan Players a.k.a. the residents of Goldman's new neighborhood. Apparently, 200 West Street is not the type of location where designer restaurants and luxury hotels have a place. It seems that by replacing existential necessities such as a DSW, a pizza joint and a NYSC gym, Goldman has left yet another poor, unfortunate working class American neighborhood in shambles.
Where does this capitalist behemoth get the gaul, I ask?!?! First, they purchase this property...then...they begin to do what they want with it!!!
Doesn't Goldman understand that this part of the city needs socially conscious, diversity building, neighborhood enriching projects, like a huge mosque at Ground Zero?
Comical and ridiculous as they may seem, these issues have and will continue to have an increasing effect on all of us in the finance community and beyond. What many educated people on this board and in the outside world are failing to recognize is that stupidity has become the norm.
Arguing points from a logical perspective and backing them with data and theory is always preferable when speaking to an intellectually diversified audience. However, stories such as this one point to the tunnel visioned, knee jerk attitude polarity that has permeated the American psyche over the past couple of years.
Goldman has already paid half a billion dollars, offered up a cute french sacrificial lamb, banned cursing in their interoffice memoranda...what else do they need to do?
The issue here isn't some 48 year old wannabee cougar who needs to hoof it all the way past Battery Park for an imperfect pair of Cole Haan's. The issue is the uprising of the mentality that those who work the hardest and achieve the most are villains who need to be policed for the good of the public...
There is a name for that folks...
Don't forget the pissed off neighbors and the USS Goldman Sachs:
http://www.nytimes.com/2010/08/02/nyregion/02ferry.html
[quote=Edmundo Braverman]Don't forget the pissed off neighbors and the USS Goldman Sachs:
http://www.nytimes.com/2010/08/02/nyregion/02ferry.html[/quote]
"The two boats, which would be more luxurious than the typical commuter ferry on the Hudson, could arrive before the end of the year, these people said."
This is my favorite line in the article. The author specifically has to mention, for whatever reason, that these boats are more luxurious than a 'typical' commuter ferry. Haha this cracked me up
Oh, FFS, that's just ridiculous. Really, the giant squid thing was at least a little bit of creative compared to this.
Does anyone else think Midas and Gold Man Sack are the same person?
ha, promise I'm not that clever. and if you read closely, their writing styles are very different.
-Patrick
I'm as right-wing, racist, homophobic and xenophobic as they come (I'm jk, just a conservative with a caustic sense of humor), but I think the underlying reason everyone hates Goldman Sachs (at least why I do) is because they are the poster child for "crony capitalism" in that they have a revolving door with the federal government (Treasury, Federal Reserve and probably others) and have basically bought off Congress. I think this infuriates populists on both sides of the aisle equally. Basically, they do business much like a successful company in eastern Europe would do business and few people appreciate this.
yeah, that's it, I think.
I still don't understand how MS managed to make it completely unscathed. I don't know who their PR guy is, but I would bow to that man or woman.
It's a lot more likely that me and this guy are the same person.
Bet Patrick's having a laugh...
This reminds me of that article a while back about GS and the cats near the building:
http://gothamist.com/2009/11/12/kittens_saved_by_fat_cat_bankers.php
The whole thing is hysterical. Every little story associated with the firm (in recent days, the foul language email issue, this issue, and the issue edmundo posted) is just some attempt by the press to jump on all the rough publicity the firm is receiving. Hating on GS today is like hating on Wal-Mart a few years ago, when we heard about how much Wal-Mart sucks about three times a week (I wonder if people stopped caring about Wal-Mart of if it was Wal-Mart's PR department stepping up its image). This whole thing probably kicked off with the Rolling-Stone article which called GS the "vampire squid sucking the face of America" (or something similar to that).
The press is probably just desperate to come up with new populist articles, now that the oil spill is over.
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