LOL!!!!
So Goldman Sachs - how’s that Hope and Change working out for you?
You getting you 900k of Obama donation worth? :)
Interesting...Obama throws Goldman under the bus. Goldman gave heavily and mightily to Odumbo’s campaign coffers.
We will see how this all turns out...but you can bet the head of the snake will come out smelling like a rose. And...Goldman Sachs is THE head of the snake.
I bet that Goldman Sucks are busy shorting their own shares.
Oh boy. The wheels are coming off the well oiled global bankster machine. A shake down for a shake down.
First of all, you should all hope that GS does not face criminal charges or collapse as they are one of the few financial institutions in the world who actually know what to do with money and if they collapse...look out below.
Secondly, if you are angry, direct your anger at the Federal Gov’t. It was the repeal of the Glass Steagall Act which allowed the banks and brokerages to play in the same sand box and cross into each other’s businesses. Then because of the Community Reinvestment Act, you had the gov’t required expansion of the mortgage industry which then fueled the creation of CMO’s (collaterized mortgage obligations) & CDO’s (collateralized debt obligations)and many of the other derivatives. If the individual mentioned in some of these articles did commit fraud or a crime, then he should be prosecuted to the fullest extent of the law. I would just like to know when the same standard is going to be held to those in DC?
And finally, it’s my opinion that GS is being thrown under the bus in order to distract from the Healthcare mess so that the administration can make its case for the financial reform package...another disaster. Do any of you want Tim Geithner or any single individual in Wash. D.C. to have the power to deem any business too big to fail with out any other input or judicial review? One individual deciding the fate of an entire bank, company or business entity?
The Obama administration kissed up to GS to get elected and now they are throwing them in the trash heap. Think about that for a minute.