People who are making good money don’t need loans.
This is inconvenient for Goldman Sachs.
Did Goldman run this by sCruz and his wife Heidi, BTW where is Heidi?
Odd how our “betters” fear us having enough of anything.
Lower energy prices represent an unmitigated good for consumers, do they not? Everything we buy. Food, transportation, packaging, plastics, paint, chemicals, medicines, electricity, the list is near endless of things made cheaper by lowered energy costs.
I understand the devastation done to the oil patch, and down-stream suppliers too. It’s a shame. But if the question is what is the net benefit to the economy, there are 360 million consumers who benefit in a small way, and far fewer in the economy that suffer in a great way. Net benefit. Period.
Says the wheeling and dealing whorehouse that just loved $100+/barrel oil.
No doubt it has hurt their Middle Eastern investments. Cheap fuel is only of benefit to those pesky common folk.
But, but, aren’t we at “peak oil”? We’re sure to run out soon and then prices will skyrocket praise goldman!
Let’s see now, on one side are the oil producers and Wall Street,
On the other side is mainstreet America, manufacturers of goods such as plastics other energy users, the transportation industry, Sunday afternoon pleasure drivers (like me), and many more.
So they manipulate prices to give the benefit oil companies and wipe their feet of the rest of the country. Crazy!!!
The ruling classes really do hate the people.
Wait, aren’t these the SOBs who sold us ‘Fwee Twade’ on the line that more competition would result in rock bottom prices?
Now that the competition for oil brought out far more supply then demand actually could digest, they’re upset?!
Really?
What’s next, guaranteed profits for favored businesses, like Investment Banks? Oh wait...we already went there with this garbage, that’s how the CEO got his $25 million condo.
I smell another Goldman bailout coming!
Tank full of gas and no job. Weird. Democrats must be in charge.
Not here in Los Angeles it isn’t. $2.99/gal