Why Goldman Sucks
Besides being very proud of myself for the pun, I’m still distressed at Goldman Sachs raking in record profits. I heard on Left, Right and Center, Mike Murphy say something like what is good for Sachs is good for the country. What? Wall Street has divorced itself from the rest of the country. They are living in the lap of luxury while the rest of America has been really struggling. As usual, Paul Krugman puts all of this into perspective. Krugman (emphasis is mine): First, it tells us that Goldman is very good at what it does. Unfortunately, what it does is bad for America.