In round figures Buffet took $1 billion of the loss.
'Today’s chart isn’t rocket science. The SEC announced civil fraud charges against Goldman Sachs (GS), and its shareholders proceeded to lose $12
billion.'
How much corporate fraud does it take mostly going unpunished before regular people get sick of cronyism.
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reply posted on 17-4-2010 @ 01:17 AM by kyred
reply to post by leo123
Wow. The 125 dollars I paid to have my septic tank cleaned last week is just chump change. Then again, a billion dollars is just chump change compared to a 12.4 trillion dollar deficit, too.
There's obviously something wrong here, yes?
Of course there is.
Wow. The 125 dollars I paid to have my septic tank cleaned last week is just chump change. Then again, a billion dollars is just chump change compared to a 12.4 trillion dollar deficit, too.
There's obviously something wrong here, yes?
Of course there is.
reply posted on 17-4-2010 @ 01:39 AM by heffo7
Originally posted by nal War
You don't think that it was some of the shareholders taking a shallucking?
Is that like a bollocking? How is it different?
Yes, similar except I can't spell. Should be shellacking.
shel·lack·ing /ʃəˈlækɪŋ/ Show Spelled[shuh-lak-ing] Show IPA
–nounSlang.
1.an utter defeat: a shellacking their team will remember.
2.a sound thrashing: His father gave him a shellacking for stealing the book.
Source: dictionary.reference.com...
The smart shareholders have dumped their shares leaving the dumb ones holding the bag. Don't you think?
Though I agree that it's a double edged sword - if the shareholders weren't so greedy the corporation itself wouldn't be either.
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