John Paulson of Goldman Sachs: Republican or Democrat?

Discussion in 'Current Events' started by Dante, Apr 20, 2010.

  1. Dante
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    Dante On leave Supporting Member

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    John Paulson of Goldman Sachs: Republican or Democrat?

    We know he gave to both parties, but what party do you think he belongs to?


    He gave to both parties, is that cover enough for the GOP?

    Are the Republicans "prepared to vote for Wall Street reform next week or not?"

    Sen. Reid, is going to "proudly vote to protect consumers instead of the big banks."

    Let us hope that the American people judge the Republicans by their effort or lack of one, to protect Wall Street.
     
  2. Avatar4321
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    Avatar4321 Diamond Member Gold Supporting Member

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    How do you force people to be honest through regulation?
     
  3. Dante
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    Dante On leave Supporting Member

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    Punishment and rewards. But again, it depends on how one wants to define 'honest' and in what context.

    I see following the rules as being honest---honest to the system. The market does not have an invisible hand that guides. The market is not self correcting, unless you call a boom and a bust corrections :lol: and I don't see that as rational.

    When the head honchos were called before Congress after the S&L scandal broke, I'll never forget hearing a few say what was wrong was there was no guidance. They were saying the deregulation was too swift with little in the way of regulating deregulation.

    Adam Smith and every other market person recognized the need for regulation. As with government and everything else in life, the debate centers around the quantity and quality.
     
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  4. manu1959
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    manu1959 Left Coast Isolationist

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    well....bush and the dem super majority killed off bear sterns and lehman leaving only goldman....thanks to meetings with timmy and hank ....both x goldman boys....btw

    then the o man and the big c take a million five from goldman and hank and timmy keep their jobs and goldmans stock goes from 150 to 50 to 150....and a billion in profit.....

    can you say new bos same as the olde boss.....

    nah....it is change we can believe in.....
     
  5. Avatar4321
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    Avatar4321 Diamond Member Gold Supporting Member

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    you didnt really answer the question.
     
  6. Dante
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    Dante On leave Supporting Member

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    Yes I did. Punishment for not following the rules. Real punishment. Punishment that hurts. Of course there will always be people who will break the rules. No rules or regulations equals anarchy or self regulation, which some of us see as far too similar.
    Force by example. Punishment and rewards. The rewards? A market and profits.
     
  7. Dante
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    Dante On leave Supporting Member

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    Look at a regulated market vs an uninhibited market as bloggers vs newspaper reporters. One is guided by standards and regulations---regulations from above. The other s guided by self regulation lacking standards.

    pretty simple
     
  8. uptownlivin90
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    uptownlivin90 Rebelious Youngin

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    He's a dirty republicrat.
     
  9. eagleseven
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    eagleseven Quod Erat Demonstrandum

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    Perhaps we could ask his old pal, Timothy Geitner?
     
  10. editec
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    editec Mr. Forgot-it-All

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    the INSIDER PARTY.

    You don't.

    You NEVER will, either.

    Wake up.
     

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