The folks at Goldman, and Blankfein in particular, really do not get it. From Times Online:
Goldman Sachs, the world's richest investment bank, could be about to pay its chief executive a bumper bonus of up to $100 million in defiance of moves by President Obama to take action against such payouts.
Bankers in Davos for the World Economic Forum (WEF) told The Times yesterday they understood that Lloyd Blankfein and other top Goldman bankers outside Britain were set to receive some of the bank's biggest-ever payouts. "This is Lloyd thumbing his nose at Obama," said a banker at one of Goldman's rivals.
Bill Gates thought he could treat the government with impunity, and the only reason he escaped the likely outcome of having Microsoft brought to heel was an amazing gaffe by judge Thomas Penfield Jackson (speaking to a reporter while it was still in progress) that led to his removal. Jackson had formed a very dim view of Microsoft’s business practices (no doubt worsened by its conduct in court; the dissembling by Bill Gates was painfully obvious). He was prepared to mete out a harsh sentence, but was replaced by the comparatively clueless Kathleen Kollar-Kotelly.
Too bad no one (save maybe SIGTARP) has the inclination and the nerve to take this crowd on.
One thing we know from history is that a psychopath will never be able to stop short of destroying himself, so as angry as I get I still say through gritted teeth, just keep going there, boys. Just keep doing what you’re doing.
Obama’s not really doing them (or himself) any favors by letting them run wild until they destroy the system and themselves. If the likes of Obama and Blankfein had any sense of measure, they could probably keep the zombie staggering along for longer than it’ll actually be able.
(I’m of course not just talking about one obscene “bonus”, but it’s exemplary of the whole demented, doomed program.)
If Larry Summers was worth $5.2 M for an alleged one day of work a week to DE Shaw, who knows what Mr. Blankfein is “worth”?
The Quiet Coup continues to demonstrate its existence.
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