Goldman Sachs of Shit Take on the Bloggers

Monday, April 13, 2009 , , 0 Comments

More blogger drama! Look out, Goldman Sachs is on patrol and they are pissed. This is now the fifth incident I am aware of for 2009 involving a blogger being shut down or reprimanded for criticism; Minerva in South Korea, Living Guyana in Guyana, Generacion Y in Cuba, and now the second American incident after Bad Phoenix Cops in Arizona. Look out, kids, it's getting dangerous out there!

So says Telegraph UK:

The bank has instructed Wall Street law firm Chadbourne & Parke to pursue blogger Mike Morgan, warning him in a recent cease-and-desist letter that he may face legal action if he does not close down his website.

Florida-based Mr Morgan began a blog entitled "Facts about Goldman Sachs" – the web address for which is – just a few weeks ago.

In that time Mr Morgan, a registered investment adviser, has added a number of posts to the site, including one entitled "Does Goldman Sachs run the world?". However, many of the posts relate to other Wall Street firms and issues.

According to Chadbourne & Parke's letter, dated April 8, the bank is rattled because the site "violates several of Goldman Sachs' intellectual property rights" and also "implies a relationship" with the bank itself.

Unsurprisingly for a man who has conjoined the bank's name with the Number of the Beast – although he jokingly points out that 666 was also the S&P500's bear-market bottom – Mr Morgan is unlikely to go down without a fight.

He claims he has followed all legal requirements to own and operate the website – and that the header of the site clearly states that the content has not been approved by the bank.

How is the site claiming an affiliation with GS when its headline reads "This website has NOT been approved by Goldman Sachs, nor does this website have any affiliation with Goldman Sachs. This website was designed to provide information about Goldman Sachs direct from the public, and NOT from Goldman Sachs's marketing and public relations departments. You may find the Goldman Sachs website at" ?? Someone please enlighten me.

This being said, I would like the record to reflect that I have absolutely no affiliation with Goldman Sachs, AIG, the Federal Reserve, nor The Taxinator. I do, however, have an affiliation with the world's fastest growing CPA Review course which makes me totally awesome.

Scary stuff.

Somehow I'm not surprised. GS would probably find it in its best interests to shut down as much as they can considering just how scandalous they truly are.

More scare tactics from our favorite economic terrorists. Instead of worrying about how to muzzle the bloggers, maybe GS should be worried about covering its ass for all those non-material interests it does or does not have.

Try as you might, GS, you can manipulate the stock market and milk your "non-material interests" for bailout payoffs all you want but you just can't stop the bad PR machine; don't blame the bloggers, blame yourselves!

Jr Deputy Accountant

Some say he’s half man half fish, others say he’s more of a seventy/thirty split. Either way he’s a fishy bastard.