Tuesday, February 23, 2010
Hypocrisy of the year.
Hypocrisy of the year prize (2009) undoubtedly went to Lloyd Blankfein of Goldman Sachs for his claim to be doing “God’s work”.
It looks very much as though hypocrisy of the year 2010 will also go to Goldmans. Gerald Corrigan, managing director of Goldmans, claimed (according to The Times, Feb 23rd) that “I do have concerns that .....at some point we could see animal spirits beginning to pop up again”.
Now what encourages animal spirits and what causes them to be a problem? It's those morally dubious, casino type activities isn't it? The activities that Goldmans along with fellow Wall Street crooks / banksters (take your pick) have campaigned to have preserved. And this results is the unemployment, poverty and homelessness which are now at unprecedented levels. But let's look on the bright side: Goldman partners, Godly people that they are, will by crying their eyes out over the latter problems.