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Sunday
Jul312011

Why Everyone Hates Goldman Sachs And Wall Street

Simply put: Arrogance in the face of trillions in stealth taxpayer bailouts.

Check out this story from The New York Observer.  It's a profile of laid-off Goldman Sachs banker, David Webb, and his journey to Argentina after being terminated by Goldman.

There are a myriad of reasons for the public to rightfully despise Wall Street, from conflicted stock research to the exorbitant bonus strutcure.  But the most important rationale for our anger should be the criminal leverage that was utilized by all the players to drive their phantom profits and real bonuses.  Yet now during the de-leveraging phase, we taxpayers are being asked to swallow the trillions in losses.  It is disgusting and unacceptable.  And the photo above captures how many taxpayers have been made to feel.

But in case you needed any personal reasons to hate these fuckers even more, this article will provide you plenty.  The author is sympathetic.  We are most defintely not in agreement.  I have worked with hundreds of knobs like David Webb and to know them is to dislike them.  And Goldman Sachs, more than any other firm, is full of bankers and traders like Webb.  His every quote oozes self-importance:

  • “If you think about it, losing a high-paying job that you worked your entire life to acquire is a very traumatic experience."

You were 23 when you were hired and 26 when fired.  Shut the fuck up.  But he continues.

  • “One minute I’m in the mountains of New Hampshire, the next I’m sleeping on this guy’s couch in Union Square. My girlfriend of two years broke up with me. It was the first time I had been without a serious girlfriend in five years.”

Oh, the hardship you have endured.  Buenos Aires is apparently Spanish for useless tools.

---

Listen to the first minute at a minimum.  This one pretty much speaks for itself.

Song - Jump You Fuckers - By Gene Burnett

  • "Hey Mr. Wall Street on the 50th floor..."

 

 


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Reader Comments (44)

SO out of touch. If any of these fat cats would take a moment to even CONSIDER what true suffering is, and maybe try GIVING of their time to help such people, maybe they'd stop their whining. GET YOUR HEAD OUT OF YOUR ENTITLED ASS!!!!!!!!!!!!!!!!!!!
Mar 5, 2009 at 4:07 PM | Unregistered CommenterAngry Jones
Disgusting. I really didn't think it was possible I could have any higher hatred of GS, but I was wrong.
Mar 5, 2009 at 5:06 PM | Unregistered CommenterNicole
The douche-nozzle refugees from 85 Broad Street have no clue that their way of life is OVER. They are the Pittsburgh steelworkers of the 1970s. "It was the first time I had been without a serious girlfriend in five years." What a pole smoker - whining that he might actually have to spank his own monkey. Perish the thought!!
Mar 5, 2009 at 5:36 PM | Unregistered CommenterChubbz DeLinquente
"But in case you needed any personal reasons to hate these fuckers even more, this article will provide you plenty. The author is sympathetic. We are most defintely not in agreement. I have worked with hundreds of knobs like David Webb and to know them is to dislike them. And Goldman Sachs, more than any other firm, is full of asshats like Webb. Every quote from this riptard oozes self-importance:

“If you think about it, losing a high-paying job that you worked your entire life to acquire is a very traumatic experience."

You were 23 when you were hired and 26 when fired. Shut the fuck up please."

Why won't anyone else write like you. You have some phenomenal statements in your last 2 posts.
Mar 5, 2009 at 5:39 PM | Unregistered CommenterGenevieve
I work on Wall Street now for another firm. You could not be more correct about Goldman Sachs. Pretty much everyone on the Street hates these people.
Mar 5, 2009 at 5:41 PM | Unregistered CommenterKansas is fucked
Perhaps the only group more hated than Goldman are the fucks at Citadel. This is my first time here. Nice website.
Mar 5, 2009 at 5:43 PM | Unregistered CommenterKen Griffith Licks Ass
Fuck Goldman and all the punks at 85 Broad. Own those fuckers every day on the desk.
Mar 5, 2009 at 5:44 PM | Unregistered CommenterSAC Sammich
Bust their cheating lying asses. Mis-pricing motherfuckers.
Mar 5, 2009 at 5:49 PM | Unregistered CommenterBlankfein the Pompous Clown
"But in case you needed any personal reasons to hate these fuckers even more, this article will provide you plenty."

I could also provide you with plenty of reasons to hate them. I'm going to send you a few items about GS in an email.
Mar 5, 2009 at 5:52 PM | Unregistered Commenterguest
Though his tale is very depressing, the great positive for him is whatever he does in the long run, his education should keep him off the pole...
Mar 5, 2009 at 5:55 PM | Unregistered Commenterp-owed
Regardless of who this asshole worked for, he's a douche bag. Do people think these articles are going to create empathy for these worthless fucks?
Mar 5, 2009 at 5:58 PM | Unregistered Commenterwhocares
You crying kittens are music to my valuable ears. Every complaint is more proof we are kicking all your asses every day.
Mar 5, 2009 at 6:01 PM | Unregistered CommenterGS Dominance
@p-owed
"Though his tale is very depressing, the great positive for him is whatever he does in the long run, his education should keep him off the pole... "

That is HILARIOUS - I'm assuming you mean the stripper pole...
Mar 5, 2009 at 6:07 PM | Unregistered CommenterSAY WHAT?!?!
Hi Folks,
I just ran into this website and I think what you guys are doing is great. Before you guys attack me, I want to say I work for a major broker house and I'm very honest and I actually really care how my clients portfolios perform. Losing client's money is like losing my own money. I feel guilty losing my client's money that i wake up in the middle of the night and think about those households. Now here is my anger. Most of my collegues are bunch of idiots that dont care about their clients assets and they could care less about losing their money. They are good at blowing up the client's money and they dont know anything about preserving assets. In my office people have been buying stock on every dip. POutting them into losers like Citi, AIG, Bank Of America, FNM, FRE. I have one advisor that kept buying Citi at every dip. $18, $16, $13, $8, $5, $3 and even at these levels. When i confronted him..this is exactly what he said "Keep holding on..Keep it very tightly and dont let them take the shares away from you." I laughed my ass off and went on with my day. My poist is that there are a lot of idiots working in this field and they could care less about their clients money. I hate to see this as I worry a lot for my clients and try to protect them at all times.

I will post soon, but have to run now...

Great site by the way Daily Bail!
Mar 5, 2009 at 6:16 PM | Unregistered CommenterHonest Advisor
I bet this guy spent every last dime (and then some) on gold digger girlfriends and bottle service. Sounds like Daddy's got plenty of money to fall back on though.
Mar 5, 2009 at 7:43 PM | Unregistered CommenterGraphite
It might be worth noting that he likely got into Dartmouth because he was a good tennis player. Once you have the pedigree, everybody assumes you are smart, which, of course, is a crock. Eight hours of sleep in a week and heavy drinking make you a person exhibiting an extreme lack of common sense and certain to make other poor decisions. And these are the type of people entrusted with handling money? I hope he burns through his 2 year supply of cash, which, given his ethics, is probable. Better yet he could be attacked by predatory homosexuals when he's only slept 2 hours and is drunk.
Mar 6, 2009 at 12:48 AM | Unregistered CommenterVirtue Rewarded
hey GS Dominance -- easy to "kick everyone's asses" when you're the Court Financier for our corrupt crony capitalist government. Take away your inside track and you'd be back to sucking dick for beer money.

I notice you've got the uniforms stationed 24/7 outside of 85 -- wonder why that is??
Mar 6, 2009 at 8:48 AM | Unregistered CommenterChubbz DeLinquente
FAAAAARK! That wanker deserves to end up (pun intended) as a bottom in male porno flix. Another reason the hate Goldmine Sacks...
Mar 7, 2009 at 12:19 AM | Unregistered CommenterBukko in Australia
And one more thing -- the endless hours of working and partying without sleep? Can you say "C-O-C-A-I-N-E" boys and girls?
Mar 7, 2009 at 12:23 AM | Unregistered CommenterBukko in Australia
America is full of week, pathetic complainers. Goldman hires the top of the class, It's disgusting that you people criticize them. The men and women on Wall Street are the jewels of this country. They have ambition. They have intelligence. Goldman was nimble enough to short mortgage backed securities before the housing bubble burst. People that complain about successful Wall St cats are just worthless fucks who believe they are entitled to a high wage, even though they bring nothing to the table. You should all read Ayn Rand and learn something. Don't be mad because a year of your time is worth $29,000 and a year of some young guy at Goldman is worth $200,000. This country is going down the wrong path, nobody has ambition, everybody is entitled to something. You weak fucks make me sick.
Mar 17, 2009 at 6:13 PM | Unregistered Commentermancini
I've supported a group that has gotten almost 40 cosigners in congress to pass a redo of the Glass Steagall Act of 1933 which can save America but time is short and there are a whole lot of bought congressmen to convince to support it. No bailouts will work. Too much worthless paper stored in banks and stock brokerage houses which the Glass Steagall Act would have prevented had it not been repealed by that jerk Clinton in 1999! What was he thinking? Or was he? This whole takedown of our economy was planned for decades. We are just at the end game. Congresswoman Mary Kapter said of the financial meltdown and bailout that "It was run just like an intelligence operation." An enlightened woman indeed. I heard the word Banksters in Denver twenty years ago when the S&L disaster happened! And the commercial industrial banks went under and the Colorado legislature assured depositors (old people and retirees) that the accounts were backed 100% ! They deposited their money and up till they closed the doors for good the public was assured. Then they were offered 10 to 20% on their money. They went to court and some of them died before getting their money back! When the economy came back the ones still around got their money! This showed me the Colorado legislature's word isn't worth spit! Good luck we'll need it.
Jul 29, 2011 at 8:50 PM | Unregistered Commenterbob
To Mancini, Your tirade is pure bull and what you need is somebody strong enough and mean enough to kick you in the ass hard enough so that your head will pop out from between your ass cheeks so that you may finally see the real world as it is. My parents lost both their houses to this real estate swindle,my fathers dead and he would be disgusted at what a lifetimes worth of work came to. But my parents were just two of millions of people and if you could possibly one day put yourself in their shoes and see the sorrow and pain you wouldn't be so high and mighty. I tried to warn my parents of the coming real estate crash but all they saw was dollar signs and a no lose situation. Then the flood came and carried them off and all I could do was stand and watch and here's you saying "Survival of the fittest!" Somehow your words ring hollow friend.
Jul 29, 2011 at 9:10 PM | Unregistered Commenterbob
I could build my own house by the time I was out of high school and knew the run of the university's Health Sciences complex after two years of college. After my father died , it took me less than 3 months to realize America was being lulled into stupidity with the CFR programmed TV set while Wall Street was being looted and being set up using the 1980's Bush stock market and banking deregulation for a topological assault to channel our real 'coin of the realm' into offshore accounts. Follow the money trail.

Greenspan publically warned over 20 years ago against the exhuberance being demonstrated over the overuse of derivatives. Mancini, you whelp, I don't need you for anything. It takes three minutes of thought to realize the offshoring of factories cuts deep twice as well as spiritually. No tax base and no jobs. I told the trustees raiding the principal from my dad's house to buy silver when it was less than 5$ an ounce. I told them every quarter for over 10 years. Now it is 40$ an ounce and the second trustees still feel entitled to take a commission .

They do not think at all about the problems in the Gulf of Mexico or radiation on land in the west or the HAARP assaults. They are as full of it as you are. They invent 50 ways to wrap dogshit sandwiches and call it genius. They think that double wrapping dog seeds makes them twice as nutritious and so therefore they are deserving of double remuneration, even though the return was years ago, when it worked in Texas, before they bought.

Pro-prisons or death to the world. All psycho. It worked in Texas only because of the whack corruption there.

You are a sprat just like Geithner. Your heroes murdered thousands in Iraq and took the gold they could find and put it in offshore accounts. And you worship these people? What a punk. I'll bet you think Fukushima was an accident. And I'll bet you think the radiation has stopped.Then you bought into GE. Henry Mancini wrote great tunes. What's with you? Help put these bums in jail. You hand them all a mirror and while they are admiring temselves we throw on the cuffs and its off to Ruby's.

Dump the Fed. Subtract all interest paid to the central bank from the debt, and get the Rothschilds over here digging ditches at 10$ per hour which they can lend out at interest. And NO FRACTIONAL LENDING.
Jul 29, 2011 at 11:24 PM | Unregistered CommenterHoward T. Lewis III
JUMP YOU DEMOCRATS!
JUMP YOU REPUBLICANS!

ROFLMAO!!!!
Jul 30, 2011 at 12:08 AM | Unregistered CommenterTR
Mancini can pull a ten pound vacuum on an onion sack...
Jul 30, 2011 at 3:58 AM | Unregistered CommenterS. Gompers
Hmm, I read Atlas Shrugged and I don't recall any heroic entrepreneurs getting multi-trillion dollar federal bailouts. As I recall, Ayn Rand portrayed businessmen who demanded 'help' from the government as parasites worse than any welfare bum or Marxist agitator because they destroy the capitalist system from within.
Jul 30, 2011 at 4:04 AM | Unregistered Commenterimp
If Americans went Norwegian on the likes of Blankfein and Diamond [notice the ethnic consistency with these monsters]

we could at least make their lives miserable.... make them invest in moats, razor wire and full time security for extended family.

What a boon to reality TV ... watching Jamie Diamond plead for the return of a loved one.... on national TV..
Jul 30, 2011 at 1:12 PM | Unregistered Commenterg marks
I clearly remember when Scott Brown won in a surprise upset against Martha Coakley. I also remember when Harvard alumnist Barack Obama refused to back her...... I now see Martha's work where mortgage fraud and other banking issues are and were in our best interest. Most Of O'bummers staff and appointees are from Harvard and of course so is the Massachusetts Governor (originally fron Chicago)....... and O'bummer biggest fundraiser.

I found this gem and the pieces fall into place (outside of Harvards' poking their noses in everyones business internationally.)

http://hpronline.org/politics/martha-coakley-andrew-sullivan-and-the-politics-of-despair/

[snip]

Here’s the deal: if Martha Coakley loses tonight then it’s good news for Lloyd Blankfein, who’s worried about financial regulation reform, for the super rich, whose taxes will remain low, and for everyone generally interested in preventing Obama from governing this country.
Jul 30, 2011 at 1:16 PM | Unregistered Commenterjohn
Oh and this too.... (she is from Harvard but Obummer and Goldman do not like her either)... Elizabeth Warren.
Jul 30, 2011 at 1:45 PM | Unregistered Commenterjohn
@ mancini

The CEO's and managers at Goldman Sucks along with many of their other employees are corrupt, morally bankrupt, probably criminal parasites. Most of them aren't worth the air they breathe. A lot like you, if you don't work for Goldman Sucks you probably should.
Although, unless your an upper level executive they might not allow somebody with their head as far up their ass as yours is to work for them.
Jul 30, 2011 at 3:02 PM | Unregistered CommenterSagebrush
@imp...well said.

---

Hmm, I read Atlas Shrugged and I don't recall any heroic entrepreneurs getting multi-trillion dollar federal bailouts. As I recall, Ayn Rand portrayed businessmen who demanded 'help' from the government as parasites worse than any welfare bum or Marxist agitator because they destroy the capitalist system from within.
Jul 30, 2011 at 3:22 PM | Registered CommenterDailyBail
@Bob
@Howard
@Sage

Great comments. Enjoyed reading them. And John, thanks for the Scott Brown link. Fooking bastard, Scott Brown turned out to be.
Jul 30, 2011 at 3:24 PM | Registered CommenterDailyBail
Hey, Goldman Sachs "bankers" (that is, traders) have obtained the patent of nobility accepted by the American elite AND middle class - an Ivy League diploma. So they are entitled to think, act and pity themselves like nobility. Society and its "meritocracy" have ordained them as "the brightest and the best," and the nation;'s leaders. They have risen above the working serfs of America. Why do you have a problem with that?
Jul 30, 2011 at 10:05 PM | Unregistered CommenterJohn Mack
Axis of Evil: 200 West St, NYC & 20th St/Constitution Ave, DC.
Jul 30, 2011 at 10:15 PM | Unregistered CommenterJohn Mack
I recently found out that two brave Attorney's were fired by Gov Scott of florida because they wanted to prosecute that banks for criminal wrong doing in the home loan mess and robo signing mess. Did Ayn Rand condone theft? By the way, it's Ayn Rand Paul ,that's right he's named after Ayn Rand! I believe he's a trojan horse to get a right to work bill slipped through! I'm not too sweet on unions,but I hate to think what this country will look like without them. Every time I look at these "Right to work " laws they are always written by the employers and rich backers. Yeah real democracy at work! The democracy of dollars.
Jul 31, 2011 at 12:39 AM | Unregistered Commenterbob
Union is better than no union agreed. If the monopolies stop and there is a way to hold the FTC accountable for stopping monopolies they will stay better. But.... That's NOT happening! Of the list of agencies to call I humbly suggest people call the FTC with you concerns. They will send you a letter of confirmation. That said just imagine if for example everyone with their letter of confirmation then posted on for example the daily bail. If there is enought it most certainly will get attention. Like a huge petition backed by the FTC.

It would be hard to argue that they did not have cause to step in and break up these monopolies. Or we can just wait until September of every year, the aniversary of the FTC and continue to celebrate the damage. Union or not, believe me I'd they want you gone they will figure a way to do it. The private sector for employment is run by companies way too big. That alone pushes unions power right out of the picture. Can't hurt to try.
Jul 31, 2011 at 5:46 AM | Unregistered CommenterDave
Thanks Dave. Great link/video.
Jul 31, 2011 at 11:42 AM | Registered CommenterDailyBail
@Jul 31, 2011 at 6:15 AM | Dave

They can't brainwash me because I'm BRAIN DEAD.
Jul 31, 2011 at 1:50 PM | Unregistered CommenterTR
Dear Mr. Mack,
An established language only approximates the reality in which it seeks to have relevance with. As mathematics is a measurement system having varying degrees of success aiding us in our work, the English language(for example) sometimes carries us off into delusional thinking. Terms such as 'elite', 'nobility' 'sacrifice' can be used/misused depending on the fantasy. I myself go this way over a girl or two, but that is normal. Applying such maladaptive behavior to an economic system and looting is only checked when a law enforcement agency can hold the 'elite' in check. GHW Bush and son got rid of all that.

Find a video of an anglerfish chowing down. The lumpy, algae covered fellow just sits there, unmoving, at rest,except for this weird little worm-like appendage on the top of his head that wiggles around when the anglerfish sees something tasty. When the sprat or other small fish closes in on this appendage, the anglerfish feeds. The natural perfection of it is rivalled only by other such natural acts. Crocodiles nailing 250 pound wildebeests in just under 1.75 seconds is a good one. People like Geithner, Paulson, Pelosi, Frank, That Jaime dude, are committing unnatural acts when they blindside fellow citizens. I know about the FEMA camps and all designed to house pissed-off law abiding citizens who don't agree with your definition of 'elite', but keep in mind that many of these facilities include guillotines, and it is the greedy quest for overcompensation that is destroying the U.S. and giving the HAARP, BP,and international bankers free whack at that economic system which honest citizens fairly utilize trustingly and can rely on for efficient service until the scum shows up, which now requires a 'filter change' before the machine breaks down.
Abstract thinking is something not exclusive to liars and cheats, such as it seems for your back-stabber 'elites'.
Jul 31, 2011 at 2:08 PM | Unregistered CommenterHoward T. Lewis III
@Jul 30, 2011 at 10:15 PM | John Mack

I thought this was the address of THE ANTICHRIST. LMAO
Jul 31, 2011 at 3:23 PM | Unregistered CommenterTR
There are many informative and interesting responses here and hopefully one of you familiar with Wall Street trading/tactics etcetera can answer this question: If I were to buy from you, say for round figures, one billion dollars worth of "derivatives/stocks/notes etc. etc, and right after I buy them they are deemed to be worthless and I get bailed out by a "Tarp" program, tell me please what exactly became of the one billion I paid for this worthless paper? Where did it go? Who has it and why? Did it just disappear or was it non-existent to begin with? Can someone please explain this?
Aug 1, 2011 at 2:49 PM | Unregistered Commenterrobric
The $1 billion would remain in the pocket of whomever you paid. Buyer beware. The TARP program cash would have to be paid back. Or not.
Aug 1, 2011 at 3:12 PM | Registered CommenterDailyBail

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