The climate for business in the United States is forever changing. During the booming economy of the early 2000s, businesses were man’s best friend.
Today, following bailouts, golden parachutes, and a pervasive belief that the financial companies are ruining the world, one has to take a step back to think about the current business environment.
As a Wall Street protestor might say, “Goldman Sachs is evil!” But if Goldman Sachs is evil, then shouldn’t Apple be 10x more evil? If wealth is greed, and greed is evil, Apple is the greediest of them all!
Goldman’s Evil: $52 billion
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Stocks
AAPL, Evil, Greed, GS, JPM, MS, wall street
The SEC case against Goldman Sachs is lining up to be both a political and economic showdown as the Wall Street regulator looks to take on what is often considered on of America’s dirtiest investment banks. The SEC alleges that Goldman committed fraud by selling securities as a solid investment, even when the counter-party was betting against them. Read more…
Investing
GS
Goldman Sachs has little to stand on now. After falling below its absolute support at $60 per share the stock has little much than one more leg to stand on. Goldman is the same as every other investment bank in the business, it was just better at hiding its assets from the general public and the analysts prying through the books. Read more…
Stocks
GS
Warren Buffett, the king of buying stocks in depressed markets has stepped up with $5 Billion to invest in Goldman Sachs. Buffett’s last big purchase of part of a financial institution came during similar economic turmoil when he purchased a hefty stake in American Express. Along with his $5 Billion purchase of preferred stock, the deal also gives Berkshire Hathaway the ability to buy an additional $5 Billion of common stock. Read more…
Investing
GS, Warren Buffett
