A for this entry, should anybody be gored for making a good investment? This presupposes that Goldman Sachs did not have the power to cause or ameliorate the conditions upon which they made their profit (which I think is unlikely!) Would this gent have been equally incensed if they had made their bet the other way and lost a bushel of money?
wise words! A lot of Republicans are frightened of anti-trust out of sheer principal, but I think we should look to Teddy Roosevelt for our inspiration when it comes to the financial services industry.
Either break them up, or regulate them into being utilities, with the risk-taking parts of them cut away from government backing.
I don't have the time to do the homework on the subject, but a little behind the scenes digging will reveal that the true sins of the big banksters lies in the buying and selling of political power.
The lieberals presume that the evil rich banksters manipulate republicans to ensure their pockets stay filled.
In reality, it was a meeting of bankers and securities “big whigs” that was held in the fall before Obama even declared his candidacy for the 2008 election cycle that decided the money was going to back him and not Hitlery.
Consider the timing of the “financial crises” in the run up to the 2008 election. Who benefited?
Consider the “cause” of the crises. Who benefited from the subsequent bailouts?
Why, in spite of being at the upper echelon of companies that packaged and sold securities that any insider would have known were worthless - has no one been held accountable for the loss of trillions of dollars?
What the bankers and commodities traders are doing is perfectly legal, in theory. But as others have mentioned, too often there are government policies in place that are unduly influencing the markets.
I am not a conspiracy theorist. I believe in capitalism and the free market principles thereof. But what we have is actually crony capitalism and the blatant obvious buying of legislation to control and protect the players.