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So now its a bad thing when a company makes money? They paid back their government loan, but are still a bank holding company thus are working within a stricter regulatory framework than they were before.
I guess they have to now since their fancy trading software got compromised !
Goldman Sachs is in the insider trade business with the government. Special exemptions, sweetheart deals, closed door agreements and lack of disclosure in anything they do. They'll do well while everybody else gets the shaft.
Or this is more smoke and mirrors and creative accounting and they're just stealing as much as they can before TSHTF.
we have a federal reserve which find itself in a position where congress and the white house are viewing its ability to print money as an ASSET to fund initiatives they otherwise couldn't afford.
we have goldman sachs making a giant profit on money they stole from the american taxpayers and people are viewing this as a good sign! this is clearly insane!
GS received 13 billion dollars from the government for their positions they took against AIG.
GS is also making billions through the SLP program where they act as the market-maker. Their program trading comprises almost 30% of the total daily volume. They've essentially become a toll booth or tax collector in the securities market.
So now its a bad thing when a company makes money? They paid back their government loan, but are still a bank holding company thus are working within a stricter regulatory framework than they were before.
Hi user_id,
What did they pay back? They got their money from AIG which got their money from the tax payers. Thats why they are rolling in it plus the money they got from short positions on AIG. They knew AiG was backing junk otherwise they would not have been net short on AIG. Its really a simple operation.
1Find a sucker who will insure a waste dump for $100 premium per year for a $1000 payout.
2. Show everyone its a waste dump worth $50 and collect $950 in collateral from the sucker.
3. Make sure your ex-employees in Washington bailout the sucker to pay you. The middle man makes it "not tax payer money" and laundered for bonuses.
4. Collect on the net short position you had on the sucker.
Most people can't follow the marble after shifting around the shells a few times. The AIG bailout was the key to the whole thing. It was selected as the Wall Street bag holder to make the rest look like they were clean. They knew all along.
GS received 13 billion dollars from the government for their positions they took against AIG.
GS is also making billions through the SLP program where they act as the market-maker. Their program trading comprises almost 30% of the total daily volume. They've essentially become a toll booth or tax collector in the securities market.
What did they pay back? They got their money from AIG which got their money from the tax payers. Thats why they are rolling in it plus the money they got from short positions on AIG. They knew AiG was backing junk otherwise they would not have been net short on AIG. Its really a simple operation.
1Find a sucker who will insure a waste dump for $100 premium per year for a $1000 payout.
2. Show everyone its a waste dump worth $50 and collect $950 in collateral from the sucker.
3. Make sure your ex-employees in Washington bailout the sucker to pay you. The middle man makes it "not tax payer money" and laundered for bonuses.
4. Collect on the net short position you had on the sucker.
Most people can't follow the marble after shifting around the shells a few times. The AIG bailout was the key to the whole thing. It was selected as the Wall Street bag holder to make the rest look like they were clean. They knew all along.
goldman gets to be 2 billion richer in 2 months, plus 13 billion thanks to the taxpayers. what did taxpayers get? we got shares of AIG.
the junk "assets" are still junk.
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