Recently there has been quite a bit in the news about SEC charges against Goldman Sachs, also there has been an item in the news, in which Warren Buffet is quoted saying that he isn't selling any of his Goldman stock. Somewhat confusing. Also note that the president and various other politicians have castigated Goldman for causing the mortgage meltdown and the recession. That brings to mind the fact that over the years various politicians have used big corporations in some fields of endeavor as favorite whipping boys to arouse the electorate and thereby gain support for further government interventions. In my opinion, Goldman Sachs had very little to do with the recession and the mortgage meltdown. In general, that is another stick of confusion thrown on the fire.
Way back in the 1930's an Ogen Nash character uddered the immortal line "O tempora, O mores, O God, O Montreal!" which makes about as much sense as some of the things going on today.
Wednesday, May 5, 2010
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