Posted on 11/01/2009 7:02:54 AM PST by devane617
Goldman's sales and its clandestine wagers, completed at the brink of the housing market meltdown, enabled the nation's premier investment bank to pass most of its potential losses to others before a flood of mortgage defaults staggered the U.S. and global economies.
(Excerpt) Read more at miamiherald.com ...
maybe because GoldmanSachs knew about the fraud in the first place. The criminals on Wall Street know what’s going on and make money on having inside information. The sad thing is they are helped by their pol buds in DC.
GS won only because Washington (we) bailed out their counter parties.
Goldman Sachs is just as corrupt as ACORN.
No more bailouts.
That’s what I call an excerpt!
This comment pretty well sums it up.
rogermia305 (11/01/2009 06:57:14 AM):
“Goldman Sachs is the biggest contributor to the Democratric party. Obama works for them, and he is easy to manipulate. They are untouchable at this time. They don’t care about main street, and will keep stealing, and getting away with it. I’m sorry I voted for him.”:
Exactly. I remember at the height of the RE boom (around 2005), stuck in a remote corner of the newspaper was a story about Citibank lobbying Congress to reform bankruptcy laws.
I recall wondering why they were doing that when everything seemed to be going great in the market and there was no bankruptcy problems.
They knew it was going to blow up.
Does the US government disclose it's true opinion of the ponzi scheme treasurary bills it sells? They are marketed as super safe, can't lose places to store wealth, yet it's clear a huge unprecedented default is coming.
OMG! That's funny.
The Securities and Exchange Commission should be very interested in any financial company that secretly decides a financial product is a loser
Two in a row. You have to assume that any product anyone wants to sell you is a loser, otherwise, they'd keep it themselves.
That reminds me, the dollar is about to become worthless, send me your worthless dollars to buy my gold. LOL!
good thing for them that bankers and senators,
and their spouses, are above the law forever.
It was the Democrat Schumer who recommended Hank Paulson to the Bush’s administration. Oh George always trying to please the left by being obliged to being non-partisan hired old Hank on and gave him the job. George looked like a deer caught in headlights when the $hit hit the fan. He was so pre-occupied with protecting the country since 911, that he fell to recognize along with everyone else the daisy chain relationship from the White House to Goldman to Congress with info. flowing to bundlers, via W.H. then to the Obama campaign. Great coup in the beginning of the overthrow of the United States Financial Economy by the new liberal communist democratic administration who has now taken over the Democratic party.
You are still in here shilling for Goldman Sachs.
So what?
BINGO!!!!
What would have been their balance sheet, without the par payments funneled from AIG and others. Tax payers are such suckers. Now I'll go look in the mirror.
Probably got to go to parties with Madoff and sit at the controls of the de’bull. Madoffs boat!
Is Fed Abandoning Bailout Of Commercial Real Estate
Zero Hedge | 10/30/09
Posted on 10/31/2009 8:21:58 AM PDT by FromLori
http://www.freerepublic.com/focus/news/2375321/posts
...a couple of things:
first of all, any McClatchey syndicate investigation is basically a vehicle for Dem talking points...this story ran front page in the Charlotte Observer today too...notice they avoid mentioning the role of Carter/Clinton/Fanny/in pressuring banks to make loans to low income/bad credit borrowers.
second, instead of blaming GS, why not buy some shares for your own portfolio?...instead of worrying whether to play craps or slots, get a piece of the casino....you’ve gotta do something with your dough...can’t bury it all in the back yard.
“Goldman Sachs bet on housing meltdown — and won”
Seeing how Goldman Slacks alumni infiltrate the government...
no shock they were ahead of the curve in kicking into CYA mode.
Ah, human nature. ( It’s a big force in the world )
Propriety. ( You might of noticed the SEC( AKA, Madoff’s and others chumps ) aren’t held in high public regard. (You know, the people who are the loss dump lately for private profit. )
Some might think that the kid at Goldman, who was involved with OK ing ‘products’, and is now at the SEC in a position were those types of things can be reviewed...smacks as...curious. Kind of like the child killer that helps in the initial neighborhood search
It feeds into the ( pretty good actually ) notion that the SEC is clueless ( I’ll buy that ) and that Goldman is crooked, in at best a ‘legal’ way.
You bet. On another thread, there's a guy who thinks we can regulate away greed. Of course he's a liberal.
( You might of noticed the SEC( AKA, Madoff’s and others chumps ) aren’t held in high public regard.
Yeah, I don't hold government in high regard either.
Some might think that the kid at Goldman, who was involved with OK ing ‘products’, and is now at the SEC in a position were those types of things can be reviewed...smacks as...curious.
Joe Kennedy was a big abuser of short selling in the 20s and 30s. They made him the first Chairman of the SEC and he cracked down on the stuff he used to do. Maybe he knows where the bodies are buried?
He’s no Joe Kennedy. His resume has dutiful chump, fall guy, dullard, written all over it. Joe would eat him up before his breakfast coffee. I imagine for the SEC, he’ll be a intellectual powerhouse.
< Ayup
And they were making record profits at the time. Ever wonder why the R Party didn't make waves about Cold Cash Jefferson?
Investment banks often short the very securities they are selling. They are primarily in the business of selling large quantities of securities rather than being a big investor in them.
LOL, Find your size and Go for it!
http://www.telegraph.co.uk/news/newstopics/howaboutthat/3483477/The-30-greatest-conspiracy-theories-part-1.html
frog march.
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