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Owning Up To One's Own Responsibilities!


Parsad
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It seems as though some of Greece's woes spring from currency swaps they purchased from Goldman Sachs.  I'm sure many people have watched that interview with Munger from last year at Stanford.  I don't think Charlie's comments on accounting and the responsibilities endowed upon accountants could be any clearer.  I think that should extend to politicians and financial institutions as well, and the financial contraptions they like to play around with.  Cheers!

 

http://www.bloomberg.com/apps/news?pid=20601087&sid=a5MJFT2dMyIU&pos=1

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The whole freak'n show is sleazy.  Look at this stock chart on a company that has made about 100 B profits since it went public:

 

http://finance.yahoo.com/echarts?s=GS#chart2:symbol=gs;range=19990508,20100212;indicator=volume;charttype=line;crosshair=on;ohlcvalues=0;logscale=off

 

Put the chart on Max # of years.

 

Being an employee of Goldman Sachs is akin to winning the lottery.  

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