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RGacky3
16th March 2012, 13:00
N9wAGeMGD0Y

A lot of the left is praising this guy for comming out and speaking out.

But I honestly agree with Sam Seder here, I'm gladd he's speaking out candidly, but he by no means is some hero.

Dean
17th March 2012, 04:51
A lot of the left is praising this guy for comming out and speaking out.

But I honestly agree with Sam Seder here, I'm gladd he's speaking out candidly, but he by no means is some hero.

I think the narrative is tainted on both ends. Seder does get to the point a bit near the end, but the rest of the time it is very much a lowest-common-denominator argument: this guy's rich, screw him. But without specifically talking about why his riches are undeserved, it comes off as the same emotional hand-wringing any liberal will give you.

The system has changed, but I don't think much. I think the difference is that more wealthy members of society are being targeted by other wealthy people. This is, of course, causing an uproar that is more televised and sensationalized than the mortgage and payday loan sharks that have stolen much, much more, from many more people, and from populations that have a lot less to give.

But it is far easier to engage your viewers in a hysterical argument when there are rich folk that can personally advocate for themselves and complain about their victimization. There haven't been very many reports emphasizing the victims of mortgage and payday loan exploitation outside of media like Al Jazeera.

But as far as I am concerned, this guy is a kind of a hero. He is standing up for what he thinks is right against the tidal wave of Wall St interests and bankers. It is likely to be a complete renunciation of his own career in finance, and any media or political track he follows is sure to be less profitable. If he had kept his head low, he could easily have received senior employment at the SEC, or headed other firms and teams in the finance sector. That kind of risk should be respected, and people should be working with him to try to release more tangible information about these schemes.

Prometeo liberado
17th March 2012, 05:32
Did this guy go into it thinking GS was really about customer service, "We only succeed when the customer does" or something to that effect? I doubt it. He's not telling us anything that we didn't know. Not my hero.

RGacky3
17th March 2012, 11:11
this guy's rich, screw him. But without specifically talking about why his riches are undeserved, it comes off as the same emotional hand-wringing any liberal will give you.


The fact that he's rich is totally relevant, if your rich, and retired you loose absolutely NOTHING by speaking out, nor do you risk anything, so its stupid to consider him a hero, its easy to speak out when your rich and retired, I think that was the point.