Goldman executives sold $700m of stock

Goldman executives sold $700m of stock

www.ft.com

The surge in selling among Goldman partners, at a time when the US government had thrown a lifeline to Wall Street, is likely to draw criticism from lawmakers on Capitol Hill. Having survived the crisis, the bank is expected to report strong second-quarter earnings on Tuesday on rebounding trading profits

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Infuriating! We should have the right to raze these corporate crony pirates to the cold stony ground for there exploitation. How many American, world citizens and nations must be ruined in the name of profit before these sociopaths are given there just deserts. Faith based economics is a horrendous failure. The private sector cannot be trusted to do the right thing when profits are the only motivator.

These offenders should be marginalized and forced in to the least gratifying jobs for the advancement and general well being of the human species and all species.

There is a reason why the Roman empire fell, money and concentrated power taking presidence over the well being of the public. Get a clue, this approach is not economically sustainable. I know it, you know it, the government knows it but they are so deep in in the enemies pocket it is in denial. They say it's the American way but it's in stark opposition to the American Dream. Let's face it, this is what caused the French Revolution. Maybe it's time we had one of our own

www.ft.com
(visit the link for the full news article)

Sorry, I don't get it. What is so infuriating about this? Please tell us more about your views on the facts in the article.

Originally posted by jhill76


Infuriating! We should have the right to raze these corporate crony pirates to the cold stony ground for there exploitation. How many American, world citizens and nations must be ruined in the name of profit before these sociopaths are given there just deserts. Faith based economics is a horrendous failure. The private sector cannot be trusted to do the right thing when profits are the only motivator.

These offenders should be marginalized and forced in to the least gratifying jobs for the advancement and general well being of the human species and all species.

There is a reason why the Roman empire fell, money and concentrated power taking presidence over the well being of the public. Get a clue, this approach is not economically sustainable. I know it, you know it, the government knows it but they are so deep in in the enemies pocket it is in denial. They say it's the American way but it's in stark opposition to the American Dream. Let's face it, this is what caused the French Revolution. Maybe it's time we had one of our own

www.ft.com
(visit the link for the full news article)

Sorry, but it is apparent that you have either misconstrued what you read, or are clueless with respect to basic finance. Because you clearly evoke a sense of absolute abhorrence towards that company, you should be satisfied with the fact that they sold that much at the time that they did because they actually committed an error in timing. That goes to show you that even Goldman themselves showed a great deal of concern at the end of last year amid financial uncertainty and maybe even signify they do not have absolute control over the markets as many claim. If that were true, then their transactions would definitely be indicative of further short-term collapse, which never occurred. Again, these guys did not do engage in any illicit activity by simply selling stock. GS stock was trading between 60 and 80 dollars at that time. Now it is trading at 150...so they lost a tremendous amount of money by selling all of that stock.