Word: stonings
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Dates: during 2000-2009
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That's the view of Goldman Sachs delivered by an article in the current issue of Rolling Stone. The rock mag's The Great American Bubble Machine by Matt Taibbi says that the investment bank is responsible for creating, and in many cases popping, every great bubble of nearly the past 100 years in order to profit from them at our expense - and the article uses plenty of illustrations of pigs to drive home what it thinks of Goldman. Taibbi calls the U.S. a "gangster state, running on gangster economics." He says we have an economy where "some...
Goldman responds that this type of language is common on Wall Street. And that is the problem, and the problem with Rolling Stone's article as well. Goldman has done plenty wrong, but not much alone. Goldman may have assisted in the dotcom and housing bubbles, but it is wrong to say that it was the single blower. The only thing Goldman is solely at fault for is being a bit better at playing the game than its peers...
...Rolling Stone] article makes a very compelling case against Goldman Sachs, but I think the problems it identifies are pervasive in financial firms and corporate America in general," says Nell Minow, who is the co-founder of the Corporate Library, a research firm that tracks corporate-governance issues. "We need to launch substantive financial reform rather than weighing the faults of one firm versus another." Minow's point is this: spend too much time on Goldman and you miss the fact of how broadly the financial system and the regulations that are supposed to keep profiteers in check failed...
Walid says he saw his parents for only five seconds when he was brought before an Israeli military court and accused by the uniformed prosecutor not only of throwing stones but of "striking an Israeli officer." The military judge ignored the latter charge and chose to prosecute Walid only for allegedly heaving a stone at soldiers...
...lightly: he spent 28 days in prison and was fined 500 shekels (approximately $120). Under Israeli military law, which prevails in the Palestinian territories, the crime of throwing a stone at an Israeli solider or even at the monolithic 20-ft.-high "security barrier" enclosing much of the West Bank can carry a maximum 20-year-prison sentence. Since 2000, according to the Palestinian Ministry for Prisoner Affairs, more than 6,500 children have been arrested, mostly for hurling rocks...