Wednesday, November 18, 2009

This and $2.25 Will Get Me on the Subway

Lord Lloyd Blankfein apologizes.

This made me laugh:
Faced with this criticism, Goldman announced yesterday that it is putting $500m aside to help 10,000 small US businesses. The donation (equal to 3% of its bonus pot) will be managed by a council led by Blankfein, Harvard Business School professor Michael Porter, and legendary investor Warren Buffett.
Trust me: Goldman has -- or will -- find a way to extract wealth from those 10,000 small businesses. It's what they do.

I think I will re-read the Taibbi piece on Goldman. This thing obviously has legs.

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