LOL.... Now that I’m more awake I’ll give you a brief.
I don’t know where you are getting your news, but your facts are wrong. Here is an article about Goldman Sachs and receiving TARP money! So NO.... IT’S NOT two different things. You did not know they used the TARP money the Goldman Sachs received was to pay Bonuses in December of 2008. They received over 12 Billion dollars (a private business). Ten of it was used to pay Bonuses which was an all time high for the company. It was the highest ever that far exceeded any previous bonus they paid in the past. That is why they were asked to pay back the 10 of the 12 Billion. BTW, PLEASE research this before you reply any further on this.
http://seekingalpha.com/article/133090-goldman-sachs-tarp-went-to-buffett
The Manage Funds Association (MFA) a group of hedge fund investors , with whom George Soros is associated with, lobbied (aka bribed) SEC chairman Christopher Cox to have the rules changed. Why? So they can engineer a a raid on U.S. markets to trigger a financial crisis that would favor the election of Barrak Obama. George Soros tried it in 2004 with in order to get John Kerry elected but it failed. However, this time the it worked.
Another member of the MFA was John Paulson (not related to Hank Paulson) Paulson saw the MFA fund rise exponentially after the change of the Up Tick rule in 2007. This is how he was able to predict the demise of Lehman Brothers and Wachovia Bank and make a huge profit.
BTW, here is what the Up Tick rule does. To put it simply you cannot “Short” a stock, or a Hedgefund etc... unless it’s going up. By changing the rules anyone with a lot of money can drive down any stock they wanted and thus turn around and buy it back to make a huge profit. People were doing this way back, and it’s why the rules were changed in 1938. So you understand in August of 2008 Goldman Sachs sold garbage (bad mortgage loans stock) to the public pretending it was good. However, behind close doors they were telling their own employees to get rid of this ASAP. It was bad and they wanted to sell it. This change in policy ended up driving 10 Trillion dollars out of our markets in August/September of 2008 that helped ensure Obama got elected.
Don’t you understand Goldman Sachs tricked the public by selling them crap. While they were telling the public their mortgage funds were the best things since slice bread... Secretly behind doors they were getting rid of it. Then thanks to the removal up the Up Tick rule they were able to drive down stocks (Over 10 Trillion) that ensure Obama got elected.
Listen I love capitalism, and would take no other system. However, we are becoming Crony Capitalist which is a highly corrupt capitalism where corrupt people at the top set the rules so that the middle class and below have a real hard time getting ahead. Crony Capitalism empowers the Super Rich that eventually become communist. Case in point, George Soros.
I want to clean the corruption out of Wall Street and K Street. I’m stupid enough to not realize there will always be corruption. However, the changing of a few laws could do wonders for our nation. For instance, reinstate the Glass Stegall Act and the Up Tick Rule for Wall Street, change the Tax code from the Progressive tax to the Fair tax, put in a Constitutional amendment to require a balanced budget and end the lie about free trade. The “Free Trade” lie is such a joke and part of the reason why we have so many issues today. Did you know that we (the USA) still pay Tariffs to every other country. That’s right we pay tariffs to China, Mexico and they do not, along with all the countries in the G (what ever the number is).
Our Federal government has been purchased and paid for by foreign entities and it’s why our country is crumbling. This is why they don’t give a dam about illegal immigration, the run away spending, why we can’t drill for Oil here and the rule changes in Wall Street that screws our system. People like George Soros wants it to come crashing down, and companies like Goldman Sachs are helping them do this to our nation.
I have to go now, but I hope this helps you out. Read Chapter 4 in Trickle Up Poverty called “A Nightmare On Wall Street”. It gets more into details about this. Okay have to go.
Now that you're awake and/or sober, please show me where on this thread I ever claimed Goldman did not take TARP.
So NO.... IT’S NOT two different things.
Yes, TARP, a Treasury program, is different than borrowing from the Fed Discount Window, a Federal Reserve program.
They received over 12 Billion dollars (a private business).
Goldman received $10 billion from TARP, not $12 billion.
in August of 2008 Goldman Sachs sold garbage (bad mortgage loans stock)
What is "bad mortgage loans stock"?
However, behind close doors they were telling their own employees to get rid of this ASAP.
Huh?
Then thanks to the removal up the Up Tick rule
I'm glad you're not still claiming the Uptick rule was "legalized".
That’s right we pay tariffs to China, Mexico and they do not,
OMG! Now you're showing your ignorance about tariffs.