Goldman Sachs Profits Don't Ease Blog Problem - ABC News
it looks like goldman sachs does not want any more scrutiny of its nefarious operation. with their new "profit" report, maybe they don't want people knowing how they funneled money from AIG into their own operation. that is not all, since there is this from a supkis post:
Goldman also took the opportunity to announce a new stock issue designed to allow shareholders to help them pay back their government TARP funds. Since Goldman is putting aside 50% of its profits for employee bonuses even now, while they are still holding government subsidies, the reasons for this are obvious.
What was not reported last night is that Goldman had changed their reporting periods to begin the 1st quarter in January 2009 when they declared themselves to be a bank holding company. Prior to that, their fiscal 2008 year ended on November 30.
This made the month of December 2008 an ‘orphan month’ that was ignored in the financial headlines.
This means, they used several tricks. They are getting 0% loans and buying expensive debts issued by desperate nations in financial difficulties! They also cheated on their bookkeeping and lied about losses, dumping all of them during a month when they were between accounting periods due to CHANGING INTO A REGULATED BANK.
why would a president not want to fire a treasury secretary who is facilitating all of this and furthermore would refuse his resignation if offered?
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
