Conflicting Goals, My Ass

In Assholes, C.R.E.A.M., Free Markets Solve Everything, Goldman Sachs by John Cole

The NY Times: Clients Worried About Goldman’s Dueling Goals …While no one has accused Goldman of anything illegal involving WaMu, National City, A.I.G. or the other clients it bet against, potential conflicts inherent in Wall Street’s business model are at the core of many of the investigations that state and federal authorities are conducting. Transactions entered into as the mortgage market fizzled may turn out to have been perfectly legal. Nevertheless, they have raised concerns among investors and analysts about the extent to which a variety of Wall Street firms …

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In C.R.E.A.M., General Stupidity, Good News For Conservatives, hoocoodanode by Doug!

No one could have predicted: In most recent IRS report that the Foundation filed for 2008, it shows the foundation took in $91,568 and paid Terri’s dad Robert Schindler Sr., her brother Robert Jr. and her sister Suzanne Vitadamo $59,275, or 64% of the money they raised. Charity Navigator a respected Charity Rating organization says any charity spending more than 30 percent on salaries gets a zero rating. The foundation doesn’t come close. In the meantime, since the report was filed, the salaries have increased to $80,000 a year, but …