Meet Obama's new Under Secretary of Economics

[GeezerMan]

LINK

Yep, yet another Goldman Sachs alumni. More change you can believe in, George W. style....



Robert Hormats, Vice Chairman of Goldman Sachs, is to be installed as Under Secretary of Economics, Business, and Agricultural Affairs.......

 

[bamacre]

http://www.rollingstone.com/po...merican_bubble_machine

 

[halik]

Jews! Goldman Sachs! Taking over the world!!! OMGAIEEENONONONO!!!!

Occham's razor :

Is it more likely that the top-top talent that goldman attracts (arguably the best name on wall street) makes a shit ton of money, get sick of the hours and go into policy

or

jews are taking over the world?


<- Goldman Sachs alum. Hormats was one of the head economists if my memory serves me right, along with Jan Hatzius. Besides plotting to take over the world, he would send out weekly macro updates on my workberry.

 

[Red Dawn]

Originally posted by: the hysterical little man
LINK

Yep, yet another Goldman Sachs alumni. More change you can believe in, George W. style....



Robert Hormats, Vice Chairman of Goldman Sachs, is to be installed as Under Secretary of Economics, Business, and Agricultural Affairs.......

No GW style is to assign a horse trainer as Head of FEMA, not a very well qualified individual as this guy seems to be.

 

[halik]

Originally posted by: Red Dawn

Originally posted by: the hysterical little man
LINK

Yep, yet another Goldman Sachs alumni. More change you can believe in, George W. style....



Robert Hormats, Vice Chairman of Goldman Sachs, is to be installed as Under Secretary of Economics, Business, and Agricultural Affairs.......

No GW style is to assign a horse trainer as Head of FEMA, not a very well qualified individual as this guy seems to be.

How about a guy that never finished college as a head of NASA?

 

[spacejamz]

Originally posted by: halik

Originally posted by: Red Dawn

Originally posted by: the hysterical little man
LINK

Yep, yet another Goldman Sachs alumni. More change you can believe in, George W. style....



Robert Hormats, Vice Chairman of Goldman Sachs, is to be installed as Under Secretary of Economics, Business, and Agricultural Affairs.......

No GW style is to assign a horse trainer as Head of FEMA, not a very well qualified individual as this guy seems to be.

How about a guy that never finished college as a head of NASA?

How a lady that was a director of several companies that are facing federal investigations and lawsuits as the director for health care reform?

Surely there will be no conflict of interest here as those companies she led could be significantly impacted by any major health care changes.

 

[Jaskalas]

I for one am glad President Obama took control of our economy away from Wall-street execs. Oh wait....

 

[babylon5]

Paulson Ver 2.0

 

[ScottFern]

Originally posted by: halik
Jews! Goldman Sachs! Taking over the world!!! OMGAIEEENONONONO!!!!

Occham's razor :

Is it more likely that the top-top talent that goldman attracts (arguably the best name on wall street) makes a shit ton of money, get sick of the hours and go into policy

or

jews are taking over the world?


<- Goldman Sachs alum. Hormats was one of the head economists if my memory serves me right, along with Jan Hatzius. Besides plotting to take over the world, he would send out weekly macro updates on my workberry.

Who said Jews were taking over the world? I think the article is putting attention on the fact that Goldman Sachs is a very powerful investment bank(driving up gas prices last summer) and the revolving door of Goldman Sachs ex-employees and Treasury department is probably wrong and a definite conflict of interest.

 

[irishScott]

Originally posted by: spacejamz

Originally posted by: halik

Originally posted by: Red Dawn

Originally posted by: the hysterical little man
LINK

Yep, yet another Goldman Sachs alumni. More change you can believe in, George W. style....



Robert Hormats, Vice Chairman of Goldman Sachs, is to be installed as Under Secretary of Economics, Business, and Agricultural Affairs.......

No GW style is to assign a horse trainer as Head of FEMA, not a very well qualified individual as this guy seems to be.

How about a guy that never finished college as a head of NASA?

How a lady that was a director of several companies that are facing federal investigations and lawsuits as the director for health care reform?

Surely there will be no conflict of interest here as those companies she led could be significantly impacted by any major health care changes.

Bush cared more about his friends than their competence. Moron.

 

[jman19]

OH NO GOLDMAN SACHS EBIL DEBBIL!!

Is it really shocking that the firm which attracts much of the premier talent in the financial services industry also has it's people tapped for important policy making positions?

 

[Special K]

Originally posted by: jman19
OH NO GOLDMAN SACHS EBIL DEBBIL!!

Is it really shocking that the firm which attracts much of the premier talent in the financial services industry also has it's people tapped for important policy making positions?

Did you even read the article bamacre posted? Do you deny that they had a huge role in setting up the internet bubble, the oil/commodities bubble last summer, and the recent housing bubble by getting ex-GS employees in government to pass laws that allowed these bubbles to form?

Are all of the accusations made in that article fabricated? (serious question)

 

[CPA]

Originally posted by: jman19
OH NO GOLDMAN SACHS EBIL DEBBIL!!

Is it really shocking that the firm which attracts much of the premier talent in the financial services industry also has it's people tapped for important policy making positions?

Nope.

Is it shocking that we have a high level exec of a company that took $12B in bailout money then handed out $14B in bonuses becoming the Under Secretary of Economics....?

 

[yllus]

Originally posted by: CPA

Originally posted by: jman19
OH NO GOLDMAN SACHS EBIL DEBBIL!!

Is it really shocking that the firm which attracts much of the premier talent in the financial services industry also has it's people tapped for important policy making positions?

Nope.

Is it shocking that we have a high level exec of a company that took $12B in bailout money then handed out $14B in bonuses becoming the Under Secretary of Economics....?

Goldman Sachs Would Like to Repay Treasury, CFO Says

Feb. 4 (Bloomberg) -- Goldman Sachs Group Inc. wants to repay the $10 billion it got from the U.S. Treasury last year to signal the firm is healthy and to escape limitations that were imposed with the money, Chief Financial Officer David Viniar said.

?Operating our business without the government capital would be an easier thing to do,? Viniar said today at a conference hosted by Credit Suisse Group AG in Naples, Florida. ?We?d be under less scrutiny and under less pressure.? He added, ?It would send a very good signal? if the firm could repay the money.

JPMorgan, Morgan Stanley Among 10 Banks Repaying TARP

June 9 (Bloomberg) -- JPMorgan Chase & Co., Goldman Sachs Group Inc. and Morgan Stanley were among 10 banks that won U.S. Treasury approval to buy back $68 billion of government shares, freeing them from added oversight that curbed lending practices, hiring and pay.

?These repayments are an encouraging sign of financial repair,? Treasury Secretary Timothy Geithner said in a statement today. ?But we still have work to do.?

The government didn?t name the banks. In addition to JPMorgan, Goldman Sachs and Morgan Stanley, American Express Co., Bank of New York Mellon Corp., BB&T Corp., Capital One Financial Corp., Northern Trust Corp., State Street Corp. and U.S. Bancorp all said today they are repaying the funds.

?Goldman Sachs is grateful for the government?s extraordinary efforts and the taxpayers? patience,? wrote the bank?s CEO, Lloyd Blankfein, and president, Gary Cohn. ?Our return of the government?s investment does not, in any way, end our obligations to the public interest.?

 

[spacejamz]

Originally posted by: irishScott

Originally posted by: spacejamz

Originally posted by: halik

Originally posted by: Red Dawn

Originally posted by: the hysterical little man
LINK

Yep, yet another Goldman Sachs alumni. More change you can believe in, George W. style....



Robert Hormats, Vice Chairman of Goldman Sachs, is to be installed as Under Secretary of Economics, Business, and Agricultural Affairs.......

No GW style is to assign a horse trainer as Head of FEMA, not a very well qualified individual as this guy seems to be.

How about a guy that never finished college as a head of NASA?

How a lady that was a director of several companies that are facing federal investigations and lawsuits as the director for health care reform?

Surely there will be no conflict of interest here as those companies she led could be significantly impacted by any major health care changes.

Bush cared more about his friends than their competence. Moron.

So let me get this straight...you are trying to say that someone who was a director at 6 different companies that are facing federal investigations, whistle blower lawsuits, etc is competent to make decisions regarding universal health care for this country??

and you have the nerve to call someone else a moron? get a clue....

 

[BarrySotero]

Originally posted by: bamacre
http://www.rollingstone.com/po...merican_bubble_machine

Excellent article.
Three of the GOP'ers who voted for the cap and charade bill were from Jersey. The reason generally given was that they are in Goldman Sachs territory (Goldman stands to make billions off the the bill)

 

[halik]

Originally posted by: BarrySotero

Originally posted by: bamacre
http://www.rollingstone.com/po...merican_bubble_machine

Excellent article.
Three of the GOP'ers who voted for the cap and charade bill were from Jersey. The reason generally given was that they are in Goldman Sachs territory (Goldman stands to make billions off the the bill)

Read this book if you want to learn more about the history of bubbles in capital markets. It's got a recommendation by Paul Samuelson on the cover (if you don't know who that is, you really have no basis to say anything worthwhile in this discourse).

The above is written for rolling stone by a guy that does satire...

 

[Red Dawn]

Originally posted by: spacejamz
So let me get this straight...you are trying to say that someone who was a director at 6 different companies that are facing federal investigations, whistle blower lawsuits, etc is competent to make decisions regarding universal health care for this country??

and you have the nerve to call someone else a moron? get a clue....

Well considering you base your opinions on what you hear on the Simpsons and King of the Hill yeah he's got you pretty much pegged.

 

[halik]

Originally posted by: ScottFern

Originally posted by: halik
Jews! Goldman Sachs! Taking over the world!!! OMGAIEEENONONONO!!!!

Occham's razor :

Is it more likely that the top-top talent that goldman attracts (arguably the best name on wall street) makes a shit ton of money, get sick of the hours and go into policy

or

jews are taking over the world?


<- Goldman Sachs alum. Hormats was one of the head economists if my memory serves me right, along with Jan Hatzius. Besides plotting to take over the world, he would send out weekly macro updates on my workberry.

Who said Jews were taking over the world? I think the article is putting attention on the fact that Goldman Sachs is a very powerful investment bank(driving up gas prices last summer) and the revolving door of Goldman Sachs ex-employees and Treasury department is probably wrong and a definite conflict of interest.

The "goldman sachs is the devil" sharades usually boil down to jooz taking over the world, same way ron paulnuts go along with the FED jewish conspiracy. Ignorance is bliss.

 

[Bitek]

Wait.. an avowed capitalist?! I will need to think on this and square it with the thread a few days ago complaining about Obama hiring Marxists into the admin.

 

[Red Dawn]

Originally posted by: Bitek
Wait.. an avowed capitalist?! I will need to think on this and square it with the thread a few days ago complaining about Obama hiring Marxists into the admin.

Well that thread was made by the resident Nutter Barry Sotero.

 

[halik]

Originally posted by: Red Dawn

Originally posted by: Bitek
Wait.. an avowed capitalist?! I will need to think on this and square it with the thread a few days ago complaining about Obama hiring Marxists into the admin.

Well that thread was made by the resident Nutter Barry Sotero.

formerly known and winnar1111!!1!1 ?

 

[bamacre]

Originally posted by: halik
ron paulnuts go along with the FED jewish conspiracy.

What? Fed Jewish conspiracy? :laugh:

 

[smack Down]

Originally posted by: jman19
OH NO GOLDMAN SACHS EBIL DEBBIL!!

Is it really shocking that the firm which attracts much of the premier talent in the financial services industry also has it's people tapped for important policy making positions?

Or is it that a Firm that makes billions from corrupt deals ensure that it always has people in powerful places to make those deals.

 

[Craig234]

Originally posted by: jman19
OH NO GOLDMAN SACHS EBIL DEBBIL!!

Is it really shocking that the firm which attracts much of the premier talent in the financial services industry also has it's people tapped for important policy making positions?

You know, the best generals in the nation of Germany in 1940 tended to work in on ecertain organization, too.

People talk about the 'talent' at Goldman-Sachs as if it it's unimportant that they have a massive agenda for their own greedy interests to the detriment of the nation.

Hey, Bernie Madoff was a hell of talent! Let's put him in a position to set policy. That's all that matters - he had some skills for the financial industry.

Goldman-Sachs has a long history of simply terrible policies, screwing the nation over and over, and there's a reason to have some caution about giving them the keys to trillions.

If the guy who left as CEO of Goldman to run the public treasury making plans to hand out hundreds of billions without accountability in his last weeks in office doesn't set an alarm...