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Goldman very quickly paid back its loan from the government in full and with interest. Those execs did an amazing job and the bonuses are well deserved for the profit turned in the current environment. If you're jealous, buy stock in Goldman (ticker symbol GS) and share the wealth. Goldman is an awesome company.
Yes. Goldman is just an 'awesome' government-owned company. Glenn Beck actually does a good job of tracking the tentacles of GS out and into the government.
Goldman has the power to create and deflate any economic bubble and the world powers love it.
Inside The Great American Bubble Machine : Rolling Stone (http://www.rollingstone.com/politics/story/28816321/the_great_american_bubble_machine - broken link)
Goldman Sachs made a killing off the bailout of AIG, since Goldman was one of AIG's largest counterparties. The government stepped in and ensured that AIG's debts were paid out at an incredible 100 cents on the dollar.
And now Goldman apparently has people believing they made all this profit just by "being smarter" and "making good trades."
Well sure, it's a pretty "good trade" when you regularly cycle your former CEOs into the Treasury Department...
I hope no one here is actually fooled by this particular scam, though it appears some are.
Amen. Pay off all of my debts and see what kind of profit I might be able to make. "F" the corporate giants and their damned bonuses for CEOs, most of which never sweated a day of hard labor in their entire lives. they are all bastards as far as I'm concerned... .
Amen. Pay off all of my debts and see what kind of profit I might be able to make. "F" the corporate giants and their damned bonuses for CEOs, most of which never sweated a day of hard labor in their entire lives. they are all bastards as far as I'm concerned... .
Goldman, which reimbursed a 10-billion-dollar federal bailout in full in the second quarter, said its net profit soared 65 percent thanks to robust trading operations.
Its quite simple, give any bank who rigs and controls the stock, commodities and currency markets billions of dollars, its nearly impossible not to report record profits. Isn't it clear by now which banks have been labeled the "chosen ones". GS, Morgan Stanley and JP Morgan reign supreme, while the jury is still out on CITI, BoA and Wells Fargo. The "chosen ones" own our government and us. Can you say "Corporate Fascism"? Its sad, very sad.
Its quite simple, give any bank who rigs and controls the stock, commodities and currency markets billions of dollars, its nearly impossible not to report record profits. Isn't it clear by now which banks have been labeled the "chosen ones". GS, Morgan Stanley and JP Morgan reign supreme, while the jury is still out on CITI, BoA and Wells Fargo. The "chosen ones" own our government and us. Can you say "Corporate Fascism"? Its sad, very sad.
The New York Stock Exchange quietly announced last week that it would end its practice of requiring companies to report all their program trading — a move that helps shield large investment banks, particularly Goldman Sachs, from public scrutiny.
Big bets made in a casino designed by Goldman, which now makes money off loans to the victims. High on the list of victims are state governments that have to turn to Goldman for money because the federal government that saved the banks won’t do the same for the states, which have watched their tax bases shrink because of the banking meltdown. As the WSJ noted, “issuing debt to ailing governments” is now a growth industry for Goldman.
Why didn’t the federal government just lend the money to the states? Why was all the money thrown at Wall Street instead of needy homeowners or struggling school systems? Because the federal government works for Goldman and not for us. Indeed, when it comes to the banking bailout, Goldman Sachs is the government.
Goldman Sachs made $3.44 billion in profit this past quarter, while the U.S deficit topped $1 trillion for the first time in the nation’s history and appeared to be headed toward doubling that figure before the budget year is out. Since most of the increase in the federal deficit is due to bailing out the banks and salvaging the greater economy they helped destroy, why is the top investment bank doing so well?
Well, because that was the plan, as devised by Bush Treasury Secretary Henry Paulson, a former CEO of Goldman Sachs. Remember that Lehman Brothers, Goldman’s competitor, was allowed to go bankrupt. The Paulson crowd wouldn’t let Lehman change its status to that of a bank holding company and thus qualify for federal funds; soon afterward, Goldman was granted just such a deal, worth a quick $10 billion. Much is now made of Goldman paying back part of its bailout money, but forgotten is the $12.9 billion that Goldman got as its cut of the $180 billion AIG payoff. That is money that will not be paid back.
Amen. Pay off all of my debts and see what kind of profit I might be able to make. "F" the corporate giants and their damned bonuses for CEOs, most of which never sweated a day of hard labor in their entire lives. they are all bastards as far as I'm concerned... .
Sunday, July 19, 2009
Paulsen admits he made 200 MILLION without paying taxes!!!!!!!!!
Goldman has the power to create and deflate any economic bubble and the world powers love it.
Inside The Great American Bubble Machine : Rolling Stone (http://www.rollingstone.com/politics/story/28816321/the_great_american_bubble_machine - broken link)
Here are some professionals to help you out with that (undeniably entertaining) Matt Taibbi story.
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