wnyc.org / 93.9fm / am 820

Comments

• [1] j from nyc October 08, 2008 - 11:55AM

  is there going to be any discussion of the noDoc documents?

  i was listening to Maxinne Waters on Tavis Smiley last night, and she mentioned that these will be included in the $700B bailout. [Paulson is from Goldman, hmmmm..]

  Aren't these noDoc documents actually deceptive - hiding finance statements, known info to the company higher uppers- and maybe should be part of the FBI investigation? Why would a company with such a sterling reputation resort to this sort of deception? [besides the obvious, greed and fear]

  
  
• [2] RC from queens October 08, 2008 - 12:11PM

  A real treat to hear Charlie Ellis. I have his classic at home "Winning the Losers Game"

  Did these financial institutions with the Toxic securities follow the rules from your magnificent book?

  Also isn't there an inherent conflicts of interest when it's in the taxpayers best interest that the gov't get the lowest price possible for the securities, but banks who you are trying to save require the highest price possible.

  
  
• [3] becauseletsfaceit October 08, 2008 - 12:12PM

  ha ha! great to find out our economy turned out to be a zero sum game. love this guy but wouldn't want to play poker w him...

  
  
• [4] dc from brooklyn October 08, 2008 - 12:15PM

  How long ago was this gentleman a consultant for these various financial firms?

  Was he advising any of these companies whilst they were making all these complicated, devious and bad investments?

  If so, what was his advice during this period, if any?

  How, and how large, was his compensation during this period?

  And lastly, if he was a consultant with all these companies that went under, should we take the things that he says with a large grain of salt (except for the historical parts)?

  
  
• [5] upstream October 08, 2008 - 12:20PM

  just what did this feller consult on for 30 yrs? so what service or product can we thank him for?

  
  
• [6] ericf October 08, 2008 - 12:28PM

  did deregulation permitting commercial banks to engage in investment banking create a game of chicken between commercial and investment banks?

  
  
• [7] Matt from Bronx, NY October 08, 2008 - 12:29PM

  Lenny,

  I love you for having the chutzpah to question the profundity of the sacred Goldman Commandments! Thank you, Lenny, for providing some much needed perspective. (If his inflated head explodes all over the studio, I'll come help clean it up...)

  
  
• [8] num1skeptic from Maplewood, NJ October 08, 2008 - 12:30PM

  This guy is such an arrogant and annoying character. His love of banking is amazingly amusing and his lack of respect for people who don't find work the end-all, be-all is cringe worthy.

  And I totally agree with Upstream. What benefit does Goldman provide someone who's not an institutional investor or CEO?

  
  
• [9] RadRepub from Upper Left Side October 08, 2008 - 12:30PM

  Wall Street's best maxim:

  "Bulls make money. Bears make money. Pigs get slaughtered."

  We know who the pigs are now.

  
  
• [10] Kiki from NJ October 08, 2008 - 12:35PM

  This guy is a hump. Does he think anyone is buying this bull about the basis for paying ceo's/exec. their outrageous salaries??

  
  
• [11] Adam from East Village October 08, 2008 - 12:36PM

  This guy is so full of it!

  
  
• [12] EWM from NJ October 08, 2008 - 12:37PM

  This guy should dig a little deeper. CEOs compensation is not based on what it takes to retain top talent. Their outrageous compensation is instead based on "benchmarking" against other firms. It's a fixed, inside game. Benchmark against the top when compensating executives and benchmark against the bottom when cutting pensions, cutting healthcare, outsourcing jobs, etc.

  
  
• [13] tp October 08, 2008 - 06:16PM

  What's the point of wasting a half hour on his drivel.

  One more reason not to donate to wnyc.

  
  
• [14] Gus from Edinburgh, Scotland October 15, 2008 - 12:15AM

  Adam, I agree that 'Charlie' is so full of it and annoying.

  But so is every other investment banker or consultant I've met.