Too late for golden parachute, Goldman...

...you are no longer the golden child.

It appears that another will bite the dust. I remember it like it was a year; nine bank CEOs meeting on Capitol Hill to beg and plead their case to Congress. All I could think was - they already had our money, then they screwed it up, and now they want more of our money. Wait a second, is it because they just like screwing people?

Pardon my French (I never understood that, pardon my mean English), by "screw" I mean take advantage of. I will write more like a writer, although the whole theme of my blog is to speak as a citizen - you know, the screwed ones.

Goldman Sachs is charged with fraud the same week the people "running" this country are trying to follow up with the issue of how taxpayer's money is being managed and if there needs to be regulation. If so, what kind and how much regulation. I'm not a mathematician so I will not attempt to break it down, but I'm sure taxpayers will not see all of the money ever again. The original loan is more like a part loan, part grant. I could of used that in college. I can use that now. But I'm not too big to fail.

A typical side effect of one large company in the midst of going down is other companies scrambling and pressuring their team of lawyers to get around any redflags for fraudulent activity. Others act on how they can literally bank from it. Naturally, an equally corrupt company does the later.

On that note, AIG is filing a claim against Goldman which is in regards to investors not knowing all information necessary to make such investment - ABACUS. With ath, I ask, AIG, did you not ask enough questions? Did you trust Goldman too much like we all once trusted you? Weren't you the ones who insured bad mortgages? Just something to think about.

Again, I remember like last year America had to bail AIG out. And then with that deal done, they still gave big bonuses and went to spas.

Screwed, screwed, screwed.

I understand this is all tricky business. If a large company fails, so does the economy. But it seems like America loses money either way. And if there's more regulation, people will lose their freedom of speech or whatever, and capitalists can't get paid. Yes we are a capitalist country and this is how our country was built. There's nothing wrong with getting paid for the gold you find by traveling to the wild wild west, but there is something wrong when a company called Goldman takes your hard earned money and uses it to make themselves rich. And then AIG wants to see them in court, thus sucking up more taxpayers money in that action alone, when they were at fault just as well. Maybe the middle man should be cut. Maybe businesses should be allowed to fail. If they big enough to screw most of us, then they need rules, or they need to screwed by their lack of it.

I hope other companies take Goldman and AIG as an example of what is about to be a disaster. And I hope Congress takes last year's bailout as an example about how to screw taxpayers, and this time aim at not screwing us.