Posted by simon_says on 17th of Oct 2009 at 10:38 am
I imagine that GS would argue that they were utilising the
govenment money as intended. i.e. buying when everyone was
selling, putting a floor underneath the market to prevent a
complete financial implosion. That they took a percentage from that
free money is their "due", even though their own risk
was non-existant . That the government leveraged their
profits with "free loans" is a financier's wet dream.
What needs clarity is the line between privating profit and
socialising losses.
Hank & co. unfortunately were allowed to give them free
money with no strings attached to the resulting profits. Just
like when a bank finances your mortgage... Main thing is that
credit flows. Worse would have been if they lost the money. Maybe
next time they will too...
Goldamn Sachs...Wait til you see this video
Posted by bboylan on 16th of Oct 2009 at 07:32 pm
Goldman Sachs Amazing Profits
"Do You Believe In Magic" by Dylan Ratigan
http://www.msnbc.msn.com/id/31510813/#33346455
It makes me sick!
Coup d'etat
Posted by saturn6 on 18th of Oct 2009 at 07:02 am
http://www.pbs.org/moyers/journal/10092009/watch.html
Always remember the Golden Rule... Those
Posted by lachasse on 17th of Oct 2009 at 01:16 pm
Always remember the Golden Rule...
Those with the Gold, make the rules.
I imagine that GS would
Posted by simon_says on 17th of Oct 2009 at 10:38 am
I imagine that GS would argue that they were utilising the govenment money as intended. i.e. buying when everyone was selling, putting a floor underneath the market to prevent a complete financial implosion. That they took a percentage from that free money is their "due", even though their own risk was non-existant . That the government leveraged their profits with "free loans" is a financier's wet dream.
What needs clarity is the line between privating profit and socialising losses.
Hank & co. unfortunately were allowed to give them free money with no strings attached to the resulting profits. Just like when a bank finances your mortgage... Main thing is that credit flows. Worse would have been if they lost the money. Maybe next time they will too...
Hola amigo. Thanks for sharing
Posted by johnskonrady00 on 17th of Oct 2009 at 01:26 am
Hola amigo. Thanks for sharing this video. Very damaging regarding GS' activities. Have a safe weekend. JSKonrady
Thanks bboylan for posting the
Posted by highnote on 16th of Oct 2009 at 08:51 pm
Thanks bboylan for posting the video. It was very "simple" and right to the point.
Maybe it will go "viral" on the Internet. I'm sure a lot of investors and even non-investors would be very interested in it.