Why do people dislike goldman sachs

Here are some of the things people hate about Goldman:. In other words, they behaved as they were supposed to do, within the interests of their shareholders which includes most of Main Street through k plans and their tens of thousands of employees.

All of this while ex-Goldman employees were among the government officials making decisions. On this site there has various posts dishing out the hate, including this one and this one. In another article one person in the comments even suggested that all the Goldman money was "being sent to Israel" and when I suggested in a reply that the facts don't back that up another commenter wrote, "its true" without putting in any specifics. Many people are only happy when they are hating something mysterious, ugly, and an easy target.

More on this in a Village Voice article from Of course, should we blame Cuomo or Cuomo's boss Bill Clinton? B Barney Frank, who passed laws forcing Fannie Mae to start reducing its lending standards into the subprime arena.

He also repeatedly voted against the idea of appointing any overseers to regulate Fannie Mae and Freddie Mac despite the fact that they guaranteed over half the mortgages in the US. More on this here. C Fannie Mae and Freddie Mac that used the implicit moral backing of the US government to get cheap financing while practicing every fraud in the book.

We've received your submission. That was the message the hard-driving CEO gave to 38, company employees as details leaked about the sweatshop-like work conditions at the white-shoe investment bank.

On Sunday, Solomon released a voice memo that some people inside the firm thought would usher in a new, more compassionate era at Goldman. Remember: Goldman Sachs isn't a retail bank. It doesn't mess up anyone's debit cards or have inconveniently placed ATMs. For most people, it doesn't factor into their daily lives at all. On the other hand, a lot of the companies that ranked above it are companies that people deal with every day.

Broken down by industry, technology firms are the most-loved this year, Samsung ranked 3rd place. The financial industry is only slightly more popular than tobacco and government, but it has shown a 35 percent increase over the past two years. Check out the full list here. Follow BeecherTuttle. Dear Wall Street, we need you — best, New York.

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