There are more than enough voices out there to willing to criticize the banks for acting in their own self interest. In fact, in the clip below, one such voice reports that Goldman Sachs’ profit of “$12 billion last year…is precisely what taxpayers gave them, to help them get bailed out from their AIG exposure, it is all tax dollars…”
Of course, for perspective, this tar-and-feather job is from none other than former New York Governor Elliot Spitzer, who seems perfectly at ease casting the first stone.
See the below Daily Show video for more delight. It came to our attention via Zero Hedge in a post on who is really recovering from the financial meltdown.
Rocky Vega is publisher of Agora Financial International, where he advances the growth of Agora Financial publishing enterprises outside of the US. Previously, he was publisher of The Daily Reckoning, and founding publisher of both UrbanTurf and RFID Update -- which he ran from Brazil, Chile, and Puerto Rico -- as well as associate publisher of FierceFinance. Rocky has an honors MS from the Stockholm School of Economics and an honors BA from Harvard University, where he served on the board of directors for Let?s Go Publications, Harvard Student Agencies, and The Harvard Advocate.
Jon Stewart is the only honest “newsman” voice of our time. How is that for a sad commentary.
Make Way for the Gold Price "Zero Hour"
After a six month rally, the Nipponese index dropped 7.3%. Is it a turning point or a small correction?
After rising 3% out of the gate after Thursday’s bloodbath, the Japanese index embarked on a wild ride.
The American Association of Petroleum Geologists was nice enough to schedule its 2013 annual convention at my hometown of Pittsburgh…
Given a choice, Bernanke will likely strangle the currency (your money)... in favor of “strengthening” the economy.
If the Maker Movement Is So Great, Where’s Our Flying Car?
IRS scandals and the dangers of dissenting opinion in America.