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.
Goldman Sachs collected $2.9 billion from the American International Group as payout on a speculative trade it placed for the benefit of its own account, receiving the bulk of those funds after AIG received an enormous taxpayer rescue, according to the final report of an investigative panel appointed by Congress.
The fact that a significant slice of the proceeds secured by Goldman through the AIG bailout landed in its own account--as opposed to those of its clients or business partners-- has not been previously disclosed. These details about the workings of the controversial AIG bailout, which eventually swelled to $182 billion, are among the more eye-catching revelations in the report to be released Thursday by the bipartisan Financial Crisis Inquiry Commission.
I like how theses crooks destroy our 401ks, and then we bail them out, and they think we are all square with them now, because they paid back the money we bailed them out with. Sort of like paying the dry cleaning costs to get your blood out of the clothes for the mugger that just beat and robbed you.
I like how theses crooks destroy our 401ks, and then we bail them out, and they think we are all square with them now, because they paid back the money we bailed them out with. Sort of like paying the dry cleaning costs to get your blood out of the clothes for the mugger that just beat and robbed you.
And they are always crying about the 'Welfare' crooks - well, there are none bigger than they.
I like how theses crooks destroy our 401ks, and then we bail them out, and they think we are all square with them now, because they paid back the money we bailed them out with. Sort of like paying the dry cleaning costs to get your blood out of the clothes for the mugger that just beat and robbed you.
The stock market has been about 40% since February of 2009. If anybody investment portfolio has been destroyed you really have nobody to blame but yourself.
And the Democrat controlled Congress made certain the bailouts happened!
Look at how many of Obama advisors and cabinet members/czars have Goldman Sachs ties. Think there wasn't political payback there?
Very true!!! I'm a Leftist and I realize what has had happened and what continues to happen. Dems/Libs can blame it all on the Repubs/Cons. The fact is, the Dems/Libs have just as much of a hand in all of the finance/wall st. BS corruption as the Repubs/Cons do. While many past Presidents have surrounded themselves with wall st. folks, Obama has set the record. Most of his circle is made up of wall st., especially GS folks.
Correction: Democrats are blocking the investigations into this mess that Darrell Issa is trying to conduct.
so i admit i don't know much about Issa.
but doing some brief reading, i cannot find a news source to corroborate your claims that Issa is attempting to investigate Goldman Sachs for criminal corruption, and is being blocked by Democrats. If that is the case, i'd appreciate it if you would provide a link.
the information i found said that Issa is indeed conducting investigations, and that they are broad in scale. he's going on a deregulatory witch-hunt, which is fine in theory, but I am detecting a lot of partisan, "let's hunt down the Democrats" sort of mentality.
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.
Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.
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.
