Re: Goldman Sachs looks to pitch port-rail investment (Humboldt Bay)
Author: Alfred Doten
Date: 05-28-2008 - 07:57
I think Todd's post points the needle in the right direction. Lets not forget that another major investment firm did something realy stupid recently to add to the current economic woes. Others were doing the same, they just didn't fall through the cracks, yet. When business is slow and the economy sour there's nothing like a parade to get everyone's attention.
Twenty years ago these people used to "volunteer" at my place of employment for college credits in geography and environmental science. They would hang around just long enough to satisfy their professor's credit requirements, all the time talking about stocks, investments and how to make a quick buck in the shortest time. Most of them lacked any common sense. After getting their MBA's these are the people that have been running things since the mid 1990's. Many haved walked away with a piece of the underpinnings of our economy. Some fell into the ENRON's of the World.
With the current CORP/Coos Bay issue over a 120 mile connction to the national rail network at Eugene why would anybody with common sense throw $$$$ at the 300 mile environmental and legal mess of the NCRA/NWP? But then why wouldn't they.....it's not their money.