Sachs is good?

There is an Opinion piece today in the NYT by Paul Krugman titled ” the Joy of Sachs”.

It focuses on government bail out, and urges more reform of the financial system before seeing another bigger one

which might involve the whole system, not just a handful of institutions as seen so far.

There is also a Rolling Stone article covering Sach’s conspiracy in this whole mess as well.

It’s up to the readers to figure this out. I am sure Michael Moore is busy at work on his latest film about the same subject of conspiracy.

I already know long time ago that huge corporations managed to locate tax havens overseas and minimize their tax exposure here in the US.

How do you not notice a huge surge in donation to Foundations in the US?

Have people all of the sudden got conscience-stricken and/or woke up to find themselves flower-“em”powered?

All we know is that executive compensation at Sachs is at full throttle, and that whoever criticize them are either jealous or incapable of understanding talent retention.

I recommend informed readers to comb through the Rolling Stone piece (The Wall Street Bubble Mafia), then read GS’s rebuff, before making a judgment. The bottom line is the same: GS plays both sides of the fence, and taxpayers’ money has been used to bail out AIG, who in turn, pays out to GS. Whether or not they instigated other bubbles such as commodities etc… remains to be seen. But they, as middle merchants, will always make money because of their business model (casino-like) and method of operation (in the know, preferably from inside the regulatory entities).

Those of us from the outside, could only play “third world Slumdog”  role peering through the courtyard fences to get a glimpse of  their corporate 2 Q release. Hopefully, it’s summer time and they are allowed to wear business-casual. Being from the outside anyway, I would come there wearing my flip-flop. Good for blood circulation, good for Sachs!