Le Show, to accurately observe: "Yes. Goldman-Sachs has gone, ladies and gentlemen, since last November when the chairman, Lloyd Blankfein, said 'we're doing God's work,' they've gone from that to the hooker's defense: 'well they wanted it'." I think in the comprehensive reform of our finance laws, which Congress will no doubt get to once they finish with healthcare reform, there should be laws against pandering of the kind routinely engaged in by these international hustlers.
If you check out Le Show and want to listen to his take on Goldman's Greek odyssey, go to 30:52 and listen until 40:00, a section that includes Shearer's witty muscial tribute to Mr. Goldman and Mr. Sachs.
Ah, Hammerin' Hank and the boys! Matt Taibbi took their measure in his Rolling Stone article Inside The Great American Bubble Machine. These guys are the architects of what Naomi Klein, in her insightful book, The Shock Doctrine, called "diaster capitalism." Heads these guys win, tails you lose (and they win). I am not a socialist, but a capitalist. I believe in markets, which is why I am skeptical of the two bills now under consideration in Congress to reform healthcare. I believe that markets require some regulation, however. Regulation of markets, like gun laws, must be smart, that is, not only applicable and burdensome to honest, law abiding people and businesses, enforceable, and minimal.
In addition to helping to create and then benefitting from crises, Goldman Sachs thrives off a kind of crony capitialism, the kind of corruption and opacity, that keeps underdeveloped or barely developed countries, like, say, Greece, which is one of the EU's poorest countries, especially among the countries that participate in the common currency, from ever thriving economically. The only possible silver-lining to this cloud is that some are predicting that this and other situations as they come to light will lead to the break-up of the euro, which was never a really good idea. If it comes to that, Goldman Sachs will undoubtedly find a way to profit from the problem they helped to create.
Just as Bob Dylan observed that it doesn't take a weatherman to know which way the wind blows, it doesn't take a moral theologian to know that this ain't God's work, quite the contrary. If you're not convinced, I urge you to read Caritas in veritate and/or Populorum Progresso.
UPDATE: This post was published on Il Sussidiario.