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CNNMoney: Firm wants to return bailout bucks
CNN Money ^
| February 6, 2009
| Davids Ellis
Posted on 02/06/2009 5:15:40 AM PST by Azeem
click here to read article
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Last line says it all. Replace Capitalism with Fascism.
"What it really comes down to is Goldman Sachs does not have control of its own destiny," said James Ellman, head of San Francisco-based Seacliff Capital, a hedge fund specializing in financial services. "The President of the United States does and the President of the United States will tell us in 3 to 4 days what Goldman Sachs' options are."
1
posted on
02/06/2009 5:15:41 AM PST
by
Azeem
To: Azeem
2
posted on
02/06/2009 5:17:44 AM PST
by
RC one
To: Azeem
"Sen. Dodd has been rewarded in the 2008 election cycle with $7.65 million in campaign contributions
he took in $11.7 million in all from the securities, insurance, real-estate and commercial-banking industries...
Citigroup, $310,294; SAC Capital Partners, $282,000; United Technologies, $263,400; ;
Bear Stearns, $205,600; St. Paul Travelers, $205,400; Royal Bank of Scotland, $203,750; ; Morgan Stanley, $155,000; Credit Suisse, $154,550;
Merrill Lynch, $134,950; The Hartford, $94,350; Bank of America, $91,300; JPMorgan Chase, $129,150; USB, $101,900; Hartford Finance Services, $101,500
Lehman Brothers, $128,400; KPMG, $113,100; General Electric, $108,250; Deloitte Touche, $108,000
With $165,400, Sen. Dodd also tops the list of members of Congress who took campaign cash from Fannie Mae and Freddie Mac since 1989.
Sen. Barack Obama, the self-styled agent of change, is a distant second at $126,000...."
3
posted on
02/06/2009 5:18:23 AM PST
by
Diogenesis
(Quis custodiet ipsos custodes?)
To: Azeem
“Small business man wants to return ‘loan’ to mafia.”
Good luck getting Guido to agree!
4
posted on
02/06/2009 5:18:30 AM PST
by
Travis McGee
(www.EnemiesForeignAndDomestic.com)
To: Azeem
LOL. Guess Government Sachs didn’t bring a long enough spoon....
5
posted on
02/06/2009 5:19:04 AM PST
by
mewzilla
(In politics the middle way is none at all. John Adams)
To: Diogenesis
They bought their own troubles. If it they only brought it upon themselves, I might even cheer — put we are all in that same boat. The holes they drilled to catch fish are sinking us all.
6
posted on
02/06/2009 5:20:34 AM PST
by
bvw
To: Azeem
"What's more, under the terms of the Treasury's capital purchase program, a bank can only buy out the government's stake as long as the money comes from an equity offering of a similar amount that meets government approval."
Just the beginning. Get them indebted with easy money then refuse to let them pay it back unless some bureaucrat, who's job and general influence could depend on extending this, says it's okay.
7
posted on
02/06/2009 5:20:59 AM PST
by
allmost
To: Azeem
Well, they do have a large legal staff. They could question the initial legal validity of being required to take the money, and the government would cave, not wanting the issue to be tried in court with uncertain results.
To: Azeem
Really? You didn’t know this would happen?
Open Secrets says YOU ASKED FOR THIS CRAP!!!
Along with 90% of ALL GOLDMAN donations.
VINIAR, DAVID
RIDGEWOOD,NJ 07450 GOLDMAN, SACHS & CO/CFO 9/13/08 $2,300 Obama, Barack (D)
755 GOLDMAN SACHS DONATIONS FOR BARAK OBAMA ALONE TOTALING $830,341
I HOPE YOU BURN IN HELL, BIOTCH!
Call 9-wa-wa, asshat!
9
posted on
02/06/2009 5:26:37 AM PST
by
papasmurf
(Impeach the illegal bastard!)
To: Diogenesis
10
posted on
02/06/2009 5:28:11 AM PST
by
papasmurf
(Impeach the illegal bastard!)
To: Azeem
Once you’re in the governments pocket, you ain’t never getting out.
You idiots at Goldman Sachs wanted the money and you wanted this guy.
Enjoy your limited salaries, captains of socialism.
11
posted on
02/06/2009 5:30:01 AM PST
by
mattdono
(The platform I want: Stop spending my money. Stop taking my money. Kill bad people.)
To: Azeem
Welcome to the Hotel Socialisma.
You can check out any time...
12
posted on
02/06/2009 5:30:13 AM PST
by
Interesting Times
(For the truth about "swift boating" see ToSetTheRecordStraight.com)
To: Diogenesis
And does the list of donors match up to the list of companies who received bailout money??????
13
posted on
02/06/2009 5:30:44 AM PST
by
UCANSEE2
(The Last Boy Scout)
To: Azeem
Asd they say, the grass isn’t always greener, buddy.
14
posted on
02/06/2009 5:32:28 AM PST
by
JenB987
To: Azeem
I read a report posted here earlier that said the Government wanted to convert its holdings from preferred shares (non-voting) to common stock (voting).
15
posted on
02/06/2009 5:34:01 AM PST
by
livius
To: Azeem
16
posted on
02/06/2009 5:34:22 AM PST
by
mo
To: Azeem
That they can give it back and want to tells us a lot about how our $700B was spent.
17
posted on
02/06/2009 5:34:58 AM PST
by
IamConservative
(Dems: "Do as we say, not as we pay.")
To: Azeem
I read a report posted here in the wee small hours that the Government wants to convert its holdings from preferred shares (non-voting) to common stock (voting).
18
posted on
02/06/2009 5:37:18 AM PST
by
livius
To: Azeem
This is great. It means these guys woke up to what taking money from the Federal government means. Obama’s executive order is a great way to stop people from asking for bailout money - an unintended consequence.
19
posted on
02/06/2009 5:37:50 AM PST
by
popdonnelly
(The problem with Obama is that he believes his own hype.)
To: Azeem
Translation: “My pay is going to be WHAT?!?!?”
20
posted on
02/06/2009 5:43:27 AM PST
by
Wolfie
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