Dayhoff Soundtrack: When Vampire Squids Become Cannibals – by Kevin Dayhoff

Thursday, March 22, 2012

When Vampire Squids Become Cannibals – by Kevin Dayhoff – The Tentacle March 21, 2012

March 21, 2012

Kevin E. Dayhoff http://www.thetentacle.com/author.cfm?MyAuthor=41

In case you missed it, last Wednesday Greg Smith, a Goldman Sachs executive, resigned. Actually it was really no big deal, except while he was on his way out the door, he burned his bridges and then strafed the wounded.

Mr. Smith publicly nuked Goldman Sachs in a scathing op-ed article in The New York Times that left many holding their hands up high and shouting “Alleluia.”

Last Wednesday began the same as many of the most recent monotonous mid-week editions of the end of winter blues as our nation’s wounded business and financial community continues to snort and bellow while it tries to extricate itself from an economic tar pit and in the process, try not to pee all over itself anymore than it already has.

The European sovereign debt crisis continues to languish in the markets like a bad hangover and economic public policy, especially unchecked profligate U.S. sovereign spending and debt, continue as troublesome issues. And where there is a financial cesspool, one can count on Goldman Sachs merrily swimming with the rest of the bottom-feeders and leaches.

So, as one may imagine, a headline like “Why I Am Leaving Goldman Sachs,” caught my eye.

Goldman Sachs, the venerable ginormous, intergalactic investment banking, financial services and securities firm has arguably found itself in the caustic crosshairs of public scrutiny more in the past several years than at any other time in its storied history that goes back to 1869… http://www.thetentacle.com/ShowArticle.cfm?mydocid=4986

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"Leadership used to be about ideas, setting an example and doing the right thing. Today, if you make enough money for the firm (and are not currently an ax murderer) you will be promoted into a position of influence." … http://www.huffingtonpost.com/wendell-potter/goldman-sachs-greg-smith_b_1362755.html?ref=politics&ir=Politics

Labels: 2007 2008 Subprime Mort Crisis qv Bus, Bus Econ 2007 The Great Recession, Bus Econ 2009 Econ Stimulus, Bus Econ Goldman Sachs, History 2009 Yr in Review, Journalists Taibbi Matt, Vampire Squid

Labels: Bus Econ 2012, Bus Econ Ethics and morality, Bus Econ Goldman Sachs, Erratum Ethics and morality, Media Huffington Post, Vampire Squid

http://kevindayhoff.blogspot.com/2012/03/july-9-2009-matt-taibbi-rolling-stone.html

http://kevindayhoff.blogspot.com/2012/03/kristi-hedges-huffington-post-guess.html

When Vampire Squids Become Cannibals – by Kevin Dayhoff – The Tentacle March 21, 2012

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