To: TobagoJack who wrote (41095 ) 10/11/2008 4:15:26 AM From: Muthusamy SELVARAJU Respond to of 217815 Just read this in the NY Times, and it's from a Sean O'Connor commenting on an article covering Dr. Roubini's assertion that “the only reason Goldman didn’t go bust” was because of the “direct and indirect support from the Fed.” Quote: "As for Prof Roubini only one thing comes to mind: “It is not the critic who counts; not the man who points out how the strong man stumbles, or where the doer of deeds could have done them better. The credit belongs to the man who is actually in the arena, whose face is marred by dust and sweat and blood, who strives valiantly; who errs and comes short again and again; because there is not effort without error and shortcomings; but who does actually strive to do the deed; who knows the great enthusiasm, the great devotion, who spends himself in a worthy cause, who at the best knows in the end the triumph of high achievement and who at the worst, if he fails, at least he fails while daring greatly. So that his place shall never be with those cold and timid souls who know neither victory nor defeat.” Theodore Roosevelt Goldman Sachs has always been in the arena! — Posted by Sean O'Connor It's been over 20+ years that I've had intermittent access to parts of Goldman Sachs research reports (though never as a client, as I never qualified), and over the years, I've felt they are a quality organisation, with tremendous cachet worldwide, among the ultra wealthy, central banks, pension funds, etc. So, one is tempted to reflect, right now, esp. today, are Dr. Roubini's (and others like him) utterances passe, and should we be prepared, to think, act and humbling as it sounds, simply follow the wise old men of Singapore, esp if they are each "of who knows the great enthusiasm, the great devotion, who spends himself in a worthy cause, who at the best knows in the end the triumph of high achievement....." Selva