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Is Goldman Sachs Evil or Good?

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July 2009
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The calm before the storm

Yet, I am more pessimistic today than I was at the top of the crash. Back then, I believed in free market capitalism. I was able to look at a company’s financial statement and logically reason if it was undervalued or overvalued. More importantly, I didn’t have to worry about my well managed bank competing against incompetent government owned too big to fail corporations. Everything that needed to be done to REALLY fix our economy was skipped and easy short term manipulation was selected. Our leaders made the biggest mistake anyone can make, reward the bad behavior and punish the good behavior. […]