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Bashing Goldman Sachs Is Simply a Game for Fools: Michael Lewis

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girl gone mad Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jul-29-09 01:31 AM
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Bashing Goldman Sachs Is Simply a Game for Fools: Michael Lewis
Mr. Lewis has a great sense of humor.

Bashing Goldman Sachs Is Simply a Game for Fools: Michael Lewis
http://bloomberg.com/apps/news?pid=20601039&sid=a2X3hNaWcbeg">Bloomberg


From the moment I left Yale and started working for Goldman Sachs, I’ve felt uneasy interacting with those who don’t.

It’s not that I think less of Goldman outsiders than I did while I remained among you. It’s just that I feel your envy, and know that nothing I can do or say will ever persuade you that I am no more than human.

Thus, like many of my colleagues, I have adopted a strategy of never leaving Goldman Sachs, apart from a few brief, spasmodic attempts to make what you outsiders call “love” or “the beast with two backs.” Goldman recognizes how important it is for its people to replicate themselves. We bill no performance fees for the service.

Today, the sheer volume of irresponsible media commentary has forced us to reconsider our public-relations strategy. With every uptick in our share price it’s grown clearer that we who are inside Goldman Sachs must open a dialogue with you who are not. Not for our benefit, but for yours.

America stands at a crossroads, and Goldman Sachs now owns both of them. In choosing which road to take, ordinary Americans must not be distracted by unproductive resentment toward the toll-takers. To that end we at Goldman Sachs would like to dispel several false and insidious rumors.

Rumor No. 1: “Goldman Sachs controls the U.S. government.”

Every time we hear the phrase “the United States of Goldman Sachs” we shake our heads in wonder. Every ninth-grader knows that the U.S. government consists of three branches. Goldman owns just one of these outright; the second we simply rent, and the third we have no interest in at all. (Note there isn’t a single former Goldman employee on the Supreme Court.)

What small interest we maintain in the U.S. government is, we feel, in the public interest. Our current financial crisis has its roots in a single easily identifiable source: the envy others felt toward Goldman Sachs.

http://bloomberg.com/apps/news?pid=20601039&sid=a2X3hNaWcbeg">continued...
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Startup Donating Member (30 posts) Send PM | Profile | Ignore Wed Jul-29-09 01:35 AM
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1. America stands at a crossroads, and Goldman Sachs now owns both of them.
:rofl: :rofl: :rofl: :rofl: :rofl:
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HamdenRice Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jul-29-09 07:19 AM
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2. Apologies for the unrec. I meant to rec. Maybe someone could rec to cancel out my unrec? nt
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nilram Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jul-29-09 06:00 PM
Response to Reply #2
4. congrats -- my rec on your behalf was #5. -nt
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sallylou666 Donating Member (135 posts) Send PM | Profile | Ignore Wed Jul-29-09 03:39 PM
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3. Notes from a Narcissist
Narcissism at its finest. Can you say "pathological"?
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dixiegrrrrl Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jul-29-09 09:39 PM
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5. A favorite author..thanks.
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