The only remedy for this sort of thing is for angry mobs of thousands of torch-carrying people storming the gated compounds of these oligarchs and dragging them into the strets for a little vigilante justice from the people.

Just sitting idly by and watching them rape and pillage the country and the world while most other folks suffer is intolerable.

A little bit of class warfare is called for; so far the top 5% have won bigtime and the rest get the finger. Time to chop off the finger and shove it where the sun don't shine.

Of course, since these oligarchs virtually control the govt., the coercive power of the state will descend on any organized dissent. However, if that dissent is widespread, no govt. has the power to suppress it.

It's high time the GS board joined Madoff.

Goldman Sachs has been behind every financial disaster since the great depression. They have also profited from each and every one. This is an organization that needs to be broken up, it's CEO and board sent directly to jail, and the whole thing nationalized. Our economy and financial sector cannot be left to the whims of those who need even more money than they already have. This company has been playing the country for decades, it's time the game was OVER.

To hell with these scum.

So the chickens, who live in the hen house, went to the fox, who guards the hen house, and asked the fox to not eat them. Well, it's no surprise how that story ended.

Obscene

The only way this situation will change is if the large pension funds, such as Calpers, buy enough stock in these firms that they have enough leverage to replace a majority of the board members. And then, replace them with human beings.

So the owners of the company have little to no real influence in how the company is run? Is that really how capitalism is supposed to work?

I'd like to say that I'm surprised by this, but I'd be lying like a politician if I did so...

Barack and the Savvy Bankers.

IT'S UTTERLY BEYOND THE COMPREHENSION OF MOST OF US IGNORANT PEOPLE TO UNDERSTAND HOW THEIR VERY MONEY (EX: GOLDMAN SACHS) KEEPS THEM OUT OF JAIL.
BRIBERY, THY NAME IS THE U.S. OF A.

I am a 25-year veteran journalist, laid off in January 2009 after nine years as an editor with the New York Law Journal. I ask that Goldman Sachs execs come live day-to-day with my nine-year-old and wonder how you are going to feed him or provide health care, instead of focusing on YOUR personal comforts. This is from http://dons-review-law-politics-science-philosophy.com

I felt the one-year anniversary of my Jan. 29, 2009 layoff after nine years of bust-a-gut editing for the New York Law Journal as I felt the one-year anniversary of my mother’s death in 2004 and of my dad’s death in 2006.
Throughout 2009, and now into 2010, I have again waited for a phone call or an email telling me that I’ve been hired as a reporter, editor or proofreader. Since Jan. 29, 2009, I’ve been on24/7 watch. I figured with journalism experience, especially with prestigious media such as the Law Journal and Standard & Poor’s, stretching back to age 15, I, now 55, would get a call. Not to be.
To me this recession should be called the Great Depression II. However, there is no FDR or World War II to pull the country out of it. And I’ve read books that say this is caused because the planet has reached Peak Oil, requiring a devastating shift to a new economic paradigm and endless resource wars. So this financial meltdown could last years or until unspeakable lifestyles of deprivation take hold.
So, as desperate fathers sold apples to get 5 cents to feed their families in 1932, I have bought a shoeshine kit—seriously, a mahogany one. The first place I would set up to shine shoes? On the public patch of sidewalk nearest to Goldman Sachs in lower Manhattan. I’d sit there—a man with a J.D. and 30 years experience in newspaper journalism—with a sign posted nearby saying: “God Bless Goldman Sachs. Shoeshines only $5.” Knowing Goldman Sachs has a revolving employment door to the White House, I would not want to offend the people running my nation. I’d want to take their $5 (and, hopefully, huge tips) to keep my wife and nine-year-old son in our third-floor walkup.
Sitting near Goldman Sachs property—but not on it (God forbid—I’d be renditioned to Egypt, tortured, shredded and sold back to the U.S. as breakfast sausage for my son)—I’d also get away from the slow torture of saying good-bye each morning to my wife and son as she heads out to teach and he heads to third grade. In the lonely Monday-Friday mornings, I also have flashbacks to 2004, when I nearly died from pneumonia and lay voiceless and paralyzed.My wife has been great during 2009, as she was in 2004, but she has lived near the poverty line all of her life. I’m near the breaking point.
In one year, I’ve sent out about three resumes per day times 365 days, which equals more than 1,000. Out of those 1,000 so-called chances, I only had two law firms set up interviews for me to be their in-house editor; but they cancelled the meetings after seeing my one-year-old website (too progressive-liberal). I’ve spent $50-$100 per month on those new website job-hunting programs. The only people who’ve called? Predators. What kind of predators? Life and health insurance companies smooth talking me with “I saw your resume on such and such a site. Your qualifications certainly meet our standards. Can we meet this week?”
But I’ve had health insurance this year only by paying $330 per month to extend my previous insurance via COBRA. When federal subsidies were set to stop Jan. 1, it would have tripled to $950 per month just to cover me (not to cover my wife or son). I had to leave my doctor of seven years and buy $350 per month health insurance from a previously unknown firm.
So how the hell am I going to go out and sell health or life insurance to the unemployed who don’t have money for food or rent?
I graduated with a 3.70 out of 4 undergraduate GPA and a C average from law school. But I did it through hard work, because my memory stinks compared to those of the people I competed against. Since age 18, I’ve always given companies 95-98 percent of what they wanted in my positions. But they always wanted 100 percent or MORE. When I couldn’t stand with the boss and chat about or remember stories from the past issues, I was a dead man walking. I didn’t fit the Law Journal type.
According to Chris Hedges, who writes a regular column for TruthDig, corporations, which control the levers of power in government and finance, promote and empower the psychologically maimed. Those who lack the capacity for empathy and who embrace the goals of the corporation--personal power and wealth--as the highest good succeed. That is YOU GOLDMAN SACHS!!
And these corporate heads, isolated from the mass of Americans by insular corporate structures and vast personal fortunes, Hedges writes, are no more attuned to the misery, rage and pain they cause than were the courtiers and perfumed fops who populated Versailles on the eve of the French Revolution.

It's the "I don't care's" and the "have too much's" against the "don't have enough's".

This scenario first began with the United States using 35% of the resources of the world while thumbing their nose at developing countries. NOW, this has come home to roost and we can see WHO is gorging themselves at the trough.

None of the several proto-bills in congress, which allegedly would give a majority of individual/outside shareholders a voice in limiting executive corporate compensation, are going anywhere. Republicans have already declared these bills "dead-on-arrival socialism." And even if, by some miracle, one of them managed to get passed, their many loopholes and narrow applications render all of them meaningless.

If shareholders were serious about controlling compensation banditry, they would now take the next step, and petition the attorney general of the chartering state to yank the offending corporation's charter -- a legal option available in all 50 states.

This alternative legal maneuver probably wouldn't initially go anywhere, either. But if increasingly tried in publicized and well organized ways, such efforts might have the effect of reminding the small investors everywhere that there are laws on the books which allow citizens (whether shareholders or not) to directly challenge corporate corruption.

Pie in the sky. I know.

Its time to drive a wooden stake thru these vampires hearts....

the article states: "The firm also paid its top 30 executives all-stock bonuses rather than cash"

of course - then it becoems a long term gain instead of regular income.... top tax rate becomes 15% then

ALSO what kind of loser sociopath invests with the likes of goldman sachs in todays world?

the very same ones that say, "Nike is a great stock - who cares if they pay 20 cents an hour and then charge the worker $3 per broken needle"

"..recommendations were met by stiff opposition from the US banks JP Morgan, Morgan Stanley and Goldman Sachs, according to one source. "Some of the US bankers were furious about attempts to reduce pay throughout the industry, arguing that any such move smacked of socialism and would be fiercely resisted," the source said on Friday. "It's not the way the Americans like to go about their business."

"any such move smacked of socialism and would be fiercely resisted"?
I am so glad to hear that, since the bailout is obviously "socialised debt" and something that you'd clearly "fiercely resist" as an act of socialism. Do I hear "war on socialism" next?

Banksters, put that money where your mouth is and send it back, pronto.

These people are like parasites sucking the blood of the host to live.. The host being working people..

It’s time the host got rid of the parasite..

For every dollar made by swapping paper on wallstreet, $7 dollars is sucked out the real economy.

These people don't create real wealth, they create debt, and proverty for a large majority of working and unemployed people.

Wall Street's Bailout Hustle
Goldman Sachs and other big banks aren't just pocketing the trillions we gave them to rescue the economy - they're re-creating the conditions for another crash.

BY MATT TAIBBI

March 01, 2010 "Rolling Stone"

http://www.informationclearinghouse.info/article24885.htm

By any chance...the house of Goldman Sachs in competition with the house of Rothchild???

An honest conservative would support increasing shareholder rights to preserve the property rights of the person.

You notice the sound of crickets? Shows that there are no honest conservatives in the public arena.

Why in the world should the owners be required to pay enormous piles of cash to management? The crooks who call themselves conservative feel that there should not be a minimum wage to people, but are OK with requiring that a maximum wage be extorted out of shareholders against their will. Shareholders are being denied their property rights every day and the Republicans and Democrats are in full support.