I'm baaaaaaack.

Hoarding All the Glitter Since 2001.

17 November 2010

So Goldman Sachs is getting into the charter school business.  Specifically, they're putting together a fund for charter ventures - for buildings, expansions, etc.

Given how much good Goldman Sachs has done for the nation, I'm sure that we can expect this to be a real aid, particularly to low-income students being failed by their terrible, terrible public schools and their rotten, rotten teachers whose pensions are just the last straw and will bankrupt us although not as badly as investment advice from Goldman Sachs et al. bankrupted their pension funds!

Back in the days of My Favorite Corporate Scandal, Jeff Skilling of Enron was huffy and puffy about people claiming he'd said CEOs only have a responsibility to shareholders, so that if they are selling a product they know to be dangerous to consumers, they must make their decisions about the product with reference only to the shareholders.  He maintains he didn't say that.

These days, Lloyd Blankfein goes before government committees, reporters and congregations to claim that the shareholders'* interest being first, last and only is God's work.

I do not think this is a positive development.

And if the shareholders' interests are the only ones worth considering, this fund's charity is questionable at best.

In other news, we sang "Fat Turkey" today.

*in the case of Goldman, of course, "shareholders" means "partners".  The actual outside shareholders should feel a warm, fuzzy feeling about GS partners making money for GS partners.

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