Tuesday, August 25, 2009

Dean Baker Asks a Question

Here is a question raised by Dean Baker that needs an answer, but I doubt that us "little folk" will ever get one. The government works for the Wall Street, not for the population as a whole, so don't hold your breath on getting an answer. I've bolded the key bit:
The Federal Government Claims That Goldman Has Stock Manipulation Software

The NYT had a bizarre piece in which it reported on the FBI's arrest of a former Goldman Sachs employee because he allegedly stole software from Goldman Sachs which the article says a federal prosecutor claims: "could be used to 'unfairly manipulate' stock prices."

The article is peculiar because it focuses on the intellectual property issues between Goldman and a former employee who had worked on developing the software. It almost completely ignores the more basic issue that the federal government effectively claims that Goldman Sachs has software that can be used to manipulate stock prices. If the software can be used for illegal purposes, why is it more serious that a relatively low level employee has access to it than Goldman Sachs' top executives?
My guess is that the government's answer is that "we need to get this back in the hands of top brass at Goldman Sachs so they can get back to manipulating the market as part of their 'stabilization' effort!" That's right. The government wants to get back to the normal course of things where money flows from the little guy's pocket into those "deep" pockets of Wall Street where the money belongs.

Everybody knows that little guys will waste the money on food and shelter, educating their kids, and spending money locally to help the economy. The really big boys use the money more wisely. They spend $100 million on a big house in a gated community where they hire guards with machine guns and use anti-personnel mines to make sure no riff raff get near their pleasant abodes. They spend the money to buy $50 million yachts, spend $1 million to jet off to some fabled far away place to throw money away in an orgy of booze and lavish lifestyle.

So be serious... let the government get things back to "normal" where 95% of the population slaves so the top 5% can party on. That's what God intended. I heard so from the Republican Party.

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