Goldman Sachs going straight to the source

Maxinquaye · Aug 3, 2012

This is probably laudable and all that. Private public partnership in a difficult economic environment. But I have to admit that my first reaction when I read this...

http://www.nytimes.com/2012/08/02/n...ork-city-jail-program.html?src=me&ref=general

In New York City, Mayor Michael R. Bloomberg plans to announce on Thursday that Goldman Sachs will provide a $9.6 million loan to pay for a new four-year program intended to reduce the rate at which adolescent men incarcerated at Rikers Island reoffend after their release.

The money is not a huge amount for Goldman, which last month reported over $900 million in second-quarter profit, and the investment promises a public-relations benefit for the Wall Street bank. For the city, the money allows the Bloomberg administration to demonstrate, and test, several of its priorities: enlisting private sector help in financing public needs, and tying program money to rigorous outcome evaluations.

... was a sardonic roll of the eyes followed by the thought: "So, they're going straight to the source, eh? No more middle men through college and university."

Teinz · Aug 3, 2012

So, if recidive drops more than ten percent, NYC will have to pay Goldman Sachs 11.7 million. If it drops less than ten, the city only has to pay 7.2. Sounds fair, but what's the catch? Apart from public relations, is it only about the money for GS? And what do we know about this MDRC agency? Really non-profit and non-partisan?

Don · Aug 3, 2012

I pledge allegiance to the flag, of the Goldman Sachs of America, and to the corporations for which it stands, one nation under water, insolvent, with debts and servitude for all.

Teinz · Aug 3, 2012

But, seriously Don, no private meddling in public tasks? At all?

Don · Aug 3, 2012

Teinz said:
But, seriously Don, no private meddling in public tasks? At all?

I think the whole concept of corporations, as they're currently visited upon the consumer, deserves to be taken out behind the barn and shot. Limited liability and eternal life are not gifts the state should give away so cheaply, if one assumes the state has the authority to grant those powers in the first place.

Teinz · Aug 3, 2012

I wonder how many times you've been called a socialist...

I'm likeminded, actually. I feel corporations have no business in those parts of life were people suffer. Those belong to us, I mean, we the people.

Smiling Ted · Aug 3, 2012

Don said:
I think the whole concept of corporations, as they're currently visited upon the consumer, deserves to be taken out behind the barn and shot. Limited liability and eternal life are not gifts the state should give away so cheaply, if one assumes the state has the authority to grant those powers in the first place.

I completely agree.
Who's going to do the shooting?

William Haskins · Aug 3, 2012

people sitting at their keyboards going: "peuu,peuu..."

Don · Aug 3, 2012

Teinz said:
I wonder how many times you've been called a socialist...

You did note this part, right?

if one assumes the state has the authority to grant those powers in the first place.

OTOH, since I'm anti-empire and pro civil-liberties, some of my redder relatives throw me in the "socialist" bucket by default, oubviously without the slightest clue what the word means.
(Family reunion was last weekend... whee!!!)

Maxinquaye · Aug 3, 2012

Smiling Ted said:
I completely agree.
Who's going to do the shooting?

Now, if corporations are declared non-persons... They rely on the same legal principles and statutes that non-profits like Planned parenthood and Unions do.

I'm all for declaring all churches, non-profits and unions non-persons, because organisations aren't ever human, and don't have human rights.

little_e · Aug 3, 2012

Oh man, the gov't used a bunch of my money for prisons and roads and agricultural subsidies and such last year. When do I get it back with interest?

Wait, you're saying only the super rich bankers who have more money than god get their money back + interest?

Shit.

blacbird · Aug 3, 2012

I love the fact that this is a "loan". Mighty generous of ol' Goldman Sachs.

caw

Don · Aug 4, 2012

blacbird said:
I love the fact that this is a "loan". Mighty generous of ol' Goldman Sachs.

caw

Well, you're not as likely to complain about your uncle's boorish, drunken behavior like peeing in the pool and pawing at your 14-year-old when he's the one that holds the second mortgage on your house. Maybe some GS exec figured that out.

Don · Aug 4, 2012

Don said:
I think the whole concept of corporations, as they're currently visited upon the consumer, deserves to be taken out behind the barn and shot. Limited liability and eternal life are not gifts the state should give away so cheaply, if one assumes the state has the authority to grant those powers in the first place.

Smiling Ted said:
I completely agree.
Who's going to do the shooting?

William Haskins said:
people sitting at their keyboards going: "peuu,peuu..."

...or an "irate, tireless minority" such as the one Samuel Adams was a part of, which led the colonies forward to the American Secession. (We should stop calling it a revolution... the monarch retained his throne.)

Samuel Adams said:
It does not take a majority to prevail... but rather an irate, tireless minority, keen on setting brushfires of freedom in the minds of men.

Goldman Sachs going straight to the source

Maxinquaye

That cheeky buggerer

Teinz

Back at it again.

Don

All Living is Local

Teinz

Back at it again.

Don

All Living is Local

Teinz

Back at it again.

Smiling Ted

Ah-HA!

William Haskins

poet

Don

All Living is Local

Maxinquaye

That cheeky buggerer

little_e

Trust: that most precious coin.

blacbird

Don

All Living is Local

Don

All Living is Local