We hold these Truths to be self-evident...
Bank executives are cashing-in with bonuses from stock options at record rates (again), with the chair and CEO of Goldman Sachs literally claiming that they are doing God’s work (yes, really). Goldman Sachs makes money through “trading.” For analogy, I suggest reviewing the history of another record-setting company for profits that “traded”: Enron. In the two-minute trailer to the documentary, “The smartest guys in the room,” CEO Jeffrey Skilling also says, “We are the good guys. We are on the side of angels.”
For your consideration: trading that does not produce goods and services is a euphemism for gambling (look it up).
The American public is transferring record amounts of our money to subsidize the gambling losses of banksters. Please study the information in the above links. I doubt you can make a persuasive argument of being a competent citizen if you are under-informed on current policy involving multiple trillions of our taxes.
As always, please share this article with all who claim they want economic competence. If you appreciate my work, please subscribe by clicking under the article title (it’s free). Please feel free to use my archive of work to help build a brighter future.
Comments