I guess the 'Goldman Sachs is doing God's work' thingie didn't exactly work the past few weeks (huge backlash) as the ass hats who are officially known throughout the entire world as the number one worst crooks and liars in the entire Universe, so in an effort to continue 'their public relations make-over' Lloyd Blakfein (Big Daddy at Goldmine Sachs) has actually taken the 'humbly' (throwing up in my mouth now..just a little) actually apologizing for Goldman Sachs part in the worst financial meltdown and Great Heist of 2008.
First of all, this is nothing but another shallow and superficial half assed lying effort on Goldman Sachs part to restore their so called 'reputation' but let me be the first to say:
Mr. Blankfein, you can take your apology and stick it up your lying thieving ass, and if you want anyone to ever take you seriously again, then start food banks around the entire United States to feed the 49 million Americans who are starving and don't have enough food.
This is what Lloyd the Liar had to say for his little trumped up 'Mea Culpa' today:
Nov. 17 (Bloomberg) -- Lloyd Blankfein, chairman and chief executive officer of Goldman Sachs Group Inc., apologized for the firm’s role in some of the activities leading to the financial crisis.
Blankfein, 55, said at a conference in New York hosted by the Directorship magazine. "We apologize." "We participated in things that were clearly wrong and have reason to regret,"
Goldman Sachs, the most profitable securities firm in Wall Street history, had a record profit in the first nine months of this year and set aside $16.7 billion for compensation expenses. The money accrued for bonuses, enough to pay each employee $527,192 for nine months, has fueled criticism because it comes one year after the firm received federal bailout funds.
The firm is "very concerned" about the criticism because "our reputation is very important to us," said Blankfein. "I don’t love it, we kind of sigh," he said of the criticism. Instead of responding directly to critics, the company instead had tried provide "the kind of constructive suggestions that people would think a Goldman Sachs would be able to come up with." The firm continues to benefit from federal guarantees on about $21 billion of long-term debt. It was allowed to become a bank holding company to gain Federal Reserve support and was one of the biggest recipients of funds through the government bailout of American International Group Inc.
http://www.bloomberg.com/... million officially out of work ... (1+ / 0-)
So Lloyd as you said:
"We participated in things that were clearly wrong and have reason to regret,"
I want to know, what does that mean? What does that mean now that our entire nation has been brought to our knees due to your 'participation in things that were clearly wrong'? Mr. Blankfein, your apology is has hollow as your soul. Your apology falls on deaf ears, because not only did you know exactly what you were doing was 'wrong and illegal' but you did it anyway, knowing the consequences, and your company is still following the same business as usual, to screw even more Americans and put companies that employ them out of business.
Now how did that thingie work out for you and your pal Tim Geithner, our idiot puppet at the Treasury?
And if that isn't enough, the TARP special inspector general reports that Tim Geithner completely botched the AIG negotiations, thereby showering billions of our dollars onto Goldman Sachs, JP Morgan Chase and other large banks. This one is a beauty.
If you recall, AIG was about to go under last fall and take down the global banking system. In response, the NY Fed, under Geithner, arranged for an $85 billion emergency loan. AIG got into trouble by insuring $450 billion dollars of toxic assets held by the largest banks in the worlds. Goldman Sachs alone was due $12.9 billion from AIG. But if AIG folded, Goldman Sachs and the other banks would have received pennies on the dollar, which in financial circles is called a "haircut." Geithner tried to get the big banks to take a voluntary haircut. Credit Suise was willing to take 98 cents on the dollar, which hardly seems like much of a compromise but at least showed some twinge of good faith negotiation. But not Goldman Sachs. No way. Goldman Sachs knew that Geithner was bluffing and didn't have the spine to really let AIG go into bankruptcy. Besides, "voluntary" and "Goldman Sachs" are two words that do not belong in the same sentence. As a result, Goldman Sachs did not have to visit the barber. Instead, we taxpayers got the haircut and the big banks got a "backdoor bailout."Here's how the New York Times put it:
"There have been suggestions that the Fed chose to negotiate weakly, Mr. Barofsky said, to give a "backdoor bailout" to A.I.G.'s banks. He said Mr. Geithner and the Fed's lawyers had denied this, but added that "irrespective of their stated intent," there was no doubt about the result: "Tens of billions of dollars of government money was funneled inexorably and directly to A.I.G.'s counterparties."
It's going from obscene to disgusting. Each day reveals how we've traded away our sense of decency and the common good in exchange for pure, unadulterated greed.
Yes, I agree when using that sentence "Besides, "voluntary" and "Goldman Sachs" are two words that do not belong in the same sentence."
In a just world, Congress and the president would be all over this. They would immediately pass a 90 percent windfall profits tax on the large banks that would go to feed the hungry right now. But we know that our leaders don't have the will or the guts to take on the Wall Street billionaires.
In my own fantasy Christmas pageant, Wall Street would become haunted by the specter of 49 million Americans, mostly kids, going without the food they need. And in that dream, if there is a shred of decency left on Wall Street, they would decide to do God's will by donating their bonus pool to feed the hungry.
But back in the real world, we know that Wall Street doesn't take haircuts even if the entire world economy is collapsing. They will continue to ignore the anguish of our own people until we force them to take notice.
http://www.huffingtonpost.com/...
So, Mr. Blankfein, if you want anyone to actually 'care' about one single word that is coming out of the spiritually corrupted rotted 'pie hole' you call a mouth, then you can begin 'pretending' that you are in fact a decent human being that cares about the very nation that you built your billion dollar fortune on and start taking steps to actually make amends, and I mean MAJOR AMENDS FOR THE NEXT 30 YEARS towards those 15.7 million officially out of work ...
Those would be the Americans who were completely screwed to the wall by you and your friends on Wall Street during your hideous free for all Vegas trip on your continued and serious 'addiction' problems to money, power and greed. That would be the 15.7 million officially out of work and the millions of Americans who have been foreclosed on, thrown out of their homes, and not knowing where or how they are going to feed their families during what can only be called as the 'aftermath' of perhaps a depression (not a recession, not that 'nice' word the MSM is using)that may very well last for the next 10 or 20 years.
Mr. Blankfein, an apology has three parts:
The first part is when the individual who has done something wrong to a person or persons apologizes.
The second part is when the individual who has done the wrong, makes amends and in someway makes an concerted effort to right the wrong.
The third part is when the person or persons that have been wronged, actually ACCEPTS THE APOLOGY.
So it would seem that you have your work cut out for you Mr. Blankfein. Perhaps you and your colleges could have a 'meeting with your Public Relations - (what's her name who used to work for Enron) get on the ball and figure out how the hell you will not be 'inviting yet another huge backlash' for your meaningless and 'fake' apology.
Meanwhile, no one is even listening to your pathetic attempt at taking responsibility for your actions, because what you are lacking Mr. Blankfein is any steps that you have outlined to 'hold your company accountable' and by doing so, attempting to regain any kind of trust or credibility.
So Screw You, screw your company and screw all of your pals at Wall Street along with Tim Geithner and Ben Bernanke for 'ruining the very nation' that allowed each of you the opportunities to not only make fortunes beyond your wildest dreams, but to actually 'give back as patriots and help your own people in our country' as any decent human being would and should do as a moral and ethical imperative that includes: Those that have been given much, have and must give back and be of service to those who deserve the same opportunities.
Meanwhile in other news today, one of the greatest public servants we currently have Elizabeth Warren had this to say:
"...The old rules of regulation just literally don't work anymore. Because now we're under this giant shadow of implicit and explicit government guarantees ... we said in effect ... we will throw as many taxpayers as we need to throw under the bus to keep your business functionally operational in the way that it was functionally operational before without a cost to you personally, and to your shareholders personally. That's a whole new world."
Which is simply code for: The Crooks and Liars are in charge and the corruption has never been worse because they are getting away with economic murder and mayhem, and NO ONE IS DOING ANYTHING ABOUT IT.
Least of all you, Mr. Blankfein, and your greedy addicted bunch of scoundrels and vermin at Goldman Sachs, so save the apologies, until you have taken steps to actually 'do something' to make up for the mess and lives you have ruined.
You make me sick and I am truly and absolutely 'revolted' that you would actually believe that anyone in this country, for one single minute would believe that you were sincerely about how:
"We participated in things that were clearly wrong and have reason to regret."
The only thing you ever regretted in your entire life Mr. Blankfein, is that you didn't figure out a way to steal 200 times the money you've got safely tucked away in your offshore account.
Good luck with that Public Relations Blitz going on. You're going to need it Lloyd.