President-elect Barack Obama named three new members of his economic team with a promise they would "crack down on the culture of greed and scheming" that has led to a crisis in U.S. financial markets.
Uh oh. If this is true, you're fucked, Goldman.
Obama Vows Regulators Will Crack Down on 'Greed and Scheming' [Bloomberg]






Posted by guest , Dec 18, 2008 2:44PM
You will stop slandering the Goldman Culture, or Hammerin' Hank will find you and refuse you TARP money.
Posted by guest , Dec 18, 2008 2:46PM
Fuck, I just launched my new Greed Scheme Relative Value Fund not two weeks ago. NOW, you tell us?
Posted by guest , Dec 18, 2008 2:49PM
The J-word popped into my mind almost instantly. *sigh* There is no denying it anyome - I'm a racist.
Posted by guest , Dec 18, 2008 2:49PM
They should crack down on BOTH fear and greed
Posted by guest , Dec 18, 2008 2:51PM
@3, j-word?
Posted by guest , Dec 18, 2008 2:53PM
@5 JAPS. The ones from long island
Posted by guest , Dec 18, 2008 2:54PM
@EP, Bess: Please ban commenter #5's IP address ASAP. He is only going to get hurt here.
Posted by guest , Dec 18, 2008 2:54PM
@5:
Jamaicans. Those bastards have tried to corner the ganja market for the last time.
Posted by guest , Dec 18, 2008 2:54PM
@EP, Bess: Please ban commenter #5's IP address ASAP. He is only going to get hurt here.
Posted by guest , Dec 18, 2008 2:56PM
Crack down on human nature. Its not going to happen.
Posted by guest , Dec 18, 2008 2:59PM
Does Obama REALLY believe his bullshit is believed by everyone?
Barry, my boy, until we see action we are just going to laugh every time you claim that you are going to crack down on the crap that goes on in front of us in the business every day.
By the way, Mary Shapiro as head of the S.E.C. ain't credible. She isn't changing anything other than to upgrade the toilet paper in the ladies crapper to Charmin.
Posted by guest , Dec 18, 2008 3:01PM
@7&9, she should ban your address too, as you still haven't figured out how the posting systems works here apparently...
Posted by ep , Dec 18, 2008 3:01PM
She's a Quilted Northern gal. Duh.
Posted by guest , Dec 18, 2008 3:02PM
@3
why are you hatin' on Jamaicans, mon? they are a hard workin' and happy people!
Posted by guest , Dec 18, 2008 3:03PM
no more greed and schemeing? We might as well all become communist. What is capitalism with out greed and schemeing.
Admit it though, its much more fun to watch rich people lose their shirts than Joe Sixpack get foreclosed on.
Posted by Clown Capital , Dec 18, 2008 3:06PM
I have a good friend who works for Goldman in their equity derivative trading group. He used to be one of the most arrogant assholes I knew, but he was my friend. Yesterday, we had drinks in the city and he looked so sickly pale...
I took this as a sign of weakness, so I began to hurl invectives about Goldman and his trading desk. How incompetent he/they were, how f*%#ing depressing it must be to associate yourself with such failure day to day. He took insult after insult and when I felt like he couldn't take anymore, I laughed and said: "To top it all off, damn, you're one ugly son of a bitch." He just sank his head into his palms and I threw the drink money on the counter.
Now I may have lost a friend, but the moral of the story is when a man is down, kick dirt in his face. Twice. Maybe even 3 times. (4 is just inhumane)
Every Goldman person you meet, embarass/insult/slap the fuck out of them. It's karma, and the universe commands it.
Posted by guest , Dec 18, 2008 3:13PM
@16 that was fantastic
Posted by guest , Dec 18, 2008 3:16PM
@ 16 peasants with pitchforks
Posted by guest , Dec 18, 2008 3:17PM
@ 7 / 9
You are a puss
Posted by guest , Dec 18, 2008 3:17PM
Clown
Rock on!
Posted by guest , Dec 18, 2008 3:19PM
Honestly, Wall Street will never be able to make a buck again!
Posted by guest , Dec 18, 2008 3:20PM
Burning bush
From Wikipedia, the free encyclopedia
In the narrative, a representative of Obama is described as appearing in the bush, and Obama is subsequently described as calling out from it to Mary Shapiro, who had been grazing Blankfein's flocks there. When Obama notices Mary Shapiro starting to approach, The Messiah tells Mary Shapiro to first take off her sandals, due to the place being holy ground, and Mary Shapiro hides her face.
According to the narrative, Mary Shapiro was given supernatural powers, in order to help her persuade Goldman and Morgan Stanley of her commission; these included the ability to turn her staff into a snake, the ability to make her hand (temporarily) become leprous, the ability to turn water into blood and the ability to stamp out greed and corruption on Wall Street. In the text, Obama subsequently instructs Mary Shapiro to take the staff in her hands, in order to perform miracles with it, as if it is a staff given to her, rather than her own.
Despite the signs, Mary Shapiro is described as being very reluctant to take on the role, arguing that she lacked credibility, and that someone else should be sent instead; in the text, Obama reacts by angrily suggesting that Geithner is sent to assist her, since Geithner is eloquent and was already on his way to meet Mary Shapiro. This is the first time in the administration that Geithner is mentioned, and here he is described as being Mary Shapiro's prophet, as if Mary Shapiro were Geithner's boss.
Posted by guest , Dec 18, 2008 3:21PM
There should be a fine for greed, where you are required to give the government an increasingly greater portion of each dollar you earn from investment schemes
Posted by guest , Dec 18, 2008 3:21PM
@16 make me a bicycle clown.....NOW!
Posted by guest , Dec 18, 2008 3:22PM
@16 - ok, made me laugh
Posted by guest , Dec 18, 2008 3:32PM
Yup....the New World Order begins on Jan 20th. No more Greed - Messiah will only create need
Posted by guest , Dec 18, 2008 3:34PM
@22 - absofreakinhilarious
Posted by guest , Dec 18, 2008 3:48PM
@22 Too Wiki, didn't Pedia.
Posted by RonBurgundy , Dec 18, 2008 3:49PM
NEEL KASHKARI IS A SCUMBAG WALLAH
Posted by guest , Dec 18, 2008 3:50PM
@22 too religious, didn't read
Posted by guest , Dec 18, 2008 4:06PM
Gordon Gekko, you better watch out. President Elect Obama is coming to getcha.
Posted by guest , Dec 18, 2008 4:44PM
@22 HHHHHHHHHHHHHHHHAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHH
Posted by guest , Dec 18, 2008 4:47PM
The point is, ladies and gentleman, that greed -- for lack of a better word -- is good.
Greed is right.
Greed works.
Greed clarifies, cuts through, and captures the essence of the evolutionary spirit.
Greed, in all of its forms -- greed for life, for money, for love, knowledge -- has marked the upward surge of mankind.
And greed -- you mark my words -- will not only save Teldar Paper, but that other malfunctioning corporation called the USA.
Thank you very much
Posted by guest , Dec 18, 2008 5:06PM
Does anyone else suddenly have the urge to watch Cool Runnings after reading this messageboard?
That Sanka was such a crazy bastard...
Posted by guest , Dec 18, 2008 5:07PM
"Every Goldman person you meet, embarass/insult/slap the fuck out of them."
Why just insult them? Clawback their 2005-06-07 bonuses to help pay for the TARP. All of 'em, including Bald's bonus and tax-free stock sale. If TARP actually pays off for the taxpayer in 10 years they can have it all back, unadjusted for inflation hahahahha.
Posted by Anal_yst , Dec 18, 2008 5:31PM
@ Ronburgundy
wtf is up with the kashkari shit? Honestly chill the eff out.
@ 35
How do you clawback bonuses which, lets say 70% of which are already either donated generously to the IRS and/or already flowing their way through the economy?
Real smart buddy, brilliant even. Let me guess, Congressman?
Posted by guest , Dec 18, 2008 5:52PM
If he is really going to crack down, maybe he needs to go after that crackhead who masquerades as journalist on CNBC. GASBAGARINO! Spreads more lies, makes up shit so he has something to report, offers no intellectual value. Spooks the market like he has an fucking idea what the fuck is really happening. A total fucking moron.
Posted by guest , Dec 18, 2008 5:53PM
If he is really going to crack down, maybe he needs to go after that crackhead who masquerades as journalist on CNBC. GASBAGARINO! Spreads more lies, makes up shit so he has something to report, offers no intellectual value. Spooks the market like he has an fucking idea what the fuck is really happening. A total fucking moron.
Posted by guest , Dec 18, 2008 5:55PM
If he is really going to crack down, maybe he needs to go after that crackhead who masquerades as journalist on CNBC. GASBAGARINO! Spreads more lies, makes up shit so he has something to report, offers no intellectual value. Spooks the market like he has an fucking idea what the fuck is really happening. A total fucking moron.
Posted by guest , Dec 18, 2008 7:00PM
"Greed and Scheming"? This is the middle name for the Jewish Nation. I mean, they pretend they give money to Charity and such, but take a good look, the real money flows back to the Jews. It's all the Jewish Charity which donates all the money back to Israel. I blame the Jews and Japs.
Posted by guest , Dec 18, 2008 7:15PM
HEEEEBS! Keep the $ in the tribe!
Posted by guest , Dec 18, 2008 8:57PM
Didn't the Messiah say that the Financial Markets lacked adult supervision? This is a joke, Shapiro did nothing, oh that is unless you count increased fines for OATS....and the failed naming of SIRA, oh I mean FINRA.
All Obama is going to do is destroy this country. CHANGE....Clinton 3rd term.
Posted by guest , Dec 18, 2008 8:58PM
Didn't the Messiah say that the Financial Markets lacked adult supervision? This is a joke, Shapiro did nothing, oh that is unless you count increased fines for OATS....and the failed naming of SIRA, oh I mean FINRA.
All Obama is going to do is destroy this country. CHANGE....Clinton 3rd term.
Posted by guest , Dec 18, 2008 10:01PM
42/43
The country is already destroyed or does recent news escape you.
Less ideology, more intelligence in the comments please.
Posted by guest , Dec 19, 2008 8:28AM
Well, since there is no greed on Wall Street, I guess we can all call you guys on Wall Street, pansies.
Posted by guest , Dec 20, 2008 1:44PM
SEC:
ENVISIONED AS A NEVADA GAMING COMMISSION
FOR WALL- STREET CASINOS