Comments on: Goldman Sachs: $21 billion – America’s homeless: $1.5 billion

By: Abhid-D

Abhid-D — Tue, 10 Aug 2010 17:47:13 +0000

Hi Mr. Broughton. I think that the government should’ve monitored exactly as to which companies Goldman Sachs was investing. Investing in already blue-chip firms will not help “stimulate” the economy, but investments in small and medium businesses definitely would. At least that’s what the government naively hoped that Goldman’s army of MBA grads would do. But alas ! Once an i-banker, always an i-banker.

I’m halfway through reading your book currently, and its a very good read.

Thank you.

By: Aditya

Aditya — Sun, 22 Nov 2009 00:53:33 +0000

Though what you write is very true and the way financial institutions are behaving even now, is very disgusting ; Goldman Sachs would say what Henry said after Ireland-France qualifier last weekend ‘Yes, there was a hand, but I’m not the referee’.

US Govt and other govts in other parts of the world have failed to understand the real threat to economy, sufficiently penalise and reform the culprits and so indeed the buck stops there. A business is profit centred but not the Govt. Citizens expect a Govt to have a robust moral compass.

By: Felix

Felix — Tue, 03 Nov 2009 15:29:01 +0000

Well said, Philip! The older I get, the more I do think that society is, to a large extent, a zero-sum game. The whole notion of “trickle-down” is a farce.

Which reminds me, I also think the economic concept of “comparative advantage” is also a convenient excuse used to justify exploitation of third-world countries. Peru, you make t-shirts, while we, the USA, we’ll make computers. And in the end, we will both be prosperous countries!