As one of the Fed owners, Goldman Sachs execs apparently 'helped' out a former owner of the Fed ~ Lehmann Brothers, too:>)

Ray's not going to like this.

Ray will like it too, because it's a sham. There's no profit.

If someone let me have 700 billion, I'll bet I could show a 3 billion profit, after the 700 b is paid back. In fact, I could put it in my checking account and make more profit than that.

You obviously don't bank at Wells Fargo.

Goldman Sachs is the root of all evil and involved in every financial upheaval in our history.

Goldman Sachs...gave Obama 1 million dollars in contributions.

It's true, Murphums - Obama was bought and paid for a long time ago, just like every other politician who's made it to that level.

R's and D's - two sides of the same coin, and whatnot.

It's practically a law of nature that Wall Street's "Masters of the Universe" [or insert-group-here for different periods in history] take care of themselves first, foremost, and at the expense of the rest of society.

"All for ourselves, and nothing for other people, seems, in every age of the world, to have been the vile maxim of the masters of mankind." - Adam Smith

I posted a reference to this yesterday in the nooner and zzzzzzzzzzz.......

I didn't have the heart to have another of my threads get the "you see nothing wrong here" treatment.

Glad you did it though. Thanks, Bani.

from a good friend:>)


       


Makes you think.....

It is the month of August, on the shores of the Black Sea . It is raining, and the little town looks totally deserted. It is tough times, everybody is in debt, and everybody lives on credit.

Suddenly, a rich tourist comes to town. He enters the only hotel, lays a 100 Euro note on the reception counter, and goes to inspect the rooms upstairs in order to pick one.

The hotel proprietor takes the 100 Euro note and runs to pay his debt to the butcher.

The Butcher takes the 100 Euro note, and runs to pay his debt to the pig grower.

The pig grower takes the 100 Euro note, and runs to pay his debt to the supplier of his feed and fuel.

The supplier of feed and fuel takes the 100 Euro note and runs to pay his debt to the town's prostitute that in these hard times, gave her "services" on credit.

The hooker runs to the hotel, and pays off her debt with the 100 Euro note to the hotel proprietor to pay for the rooms that she rented when she brought her clients there.

The hotel proprietor then lays the 100 Euro note back on the counter so that the rich tourist will not suspect anything.

At that moment, the rich tourist comes down after inspecting the rooms, and takes his 100 Euro note, after saying that he did not like any of the rooms, and leaves town.

No one earned anything. However, the whole town is now without debt, and looks to the future with a lot of optimism....

And that, ladies and gentlemen, is how the United States Government is doing business today.!

sent from my ex earlier today...

I don't see anything wrong with that, do you? ;)?

Sent from my iPhone

If someone let me have 700 billion, I'll bet I could show a 3 billion profit, after the 700 b is paid back. In fact, I could put it in my checking account and make more profit than that.

---------

Just what the fuck I was about to say.

Recovery my hairy white ass.

I believe G-S got $10 billion.

Ty Bani, that is a great piece.

$3.44 Billion.

Let's take that at 50% and apply it to Health Care reform.

Let's take that at 50% and apply it to Health Care reform.
Posted by Petrous

Never happen. Would threaten overall incumbency.

Like Bernie Madoff's consistent profits, Goldman's are too good to be honest.

The Genius of Goldman?

What's up with the mainstream media acolytes who keep
aluding to the genius of Goldman Sachs?

What genius?

If it wasn't for their former CEO Hank Paulson bankrupting
their competition (Bear and Lehman) and then extorting
Congress behind closed doors under the threat of martial law,
they wouldn't even be in business today.

Does having your former CEO being able to choose who among
your competitors lives, or dies, make you a genius?

Does having your former CEO bail you out via the backdoor
of AIG, make you a genius?

Does running the latest shadow-government version of
INSLAW/PTECH/PROMIS software and front running the market
(not mention their own clients) as the defacto trading arm
of the Plunge Protection Team make you a genius?

Does stuffing profits offshore and only paying a 1% income tax
rate, after being bailed out by taxpayers who pay 20-30-40
times that, make you a genius?

Was former Goldman Chairman and NY Fed head Stephen Friedman a
genius, or just another front running, inside trader?

Since when does front running & shearing the sheep make one a genius?

Goldman is no more a genius than is the IRS.

One robs you blind under the protection of the law of the land,
and the other robs you blind while operating outside of it.

Are we at 1400 yet?

Boy, our Fuhrer let them off cheap, them only giving his campaign 1 million dollars....oh well, to each, according to his needs...

Yes, yes. It seems regardless of ideology we all know Goldman Sachs. They are on the Fed board. They do manipulate market. They do have the Treasury, the Congress, and all of us tax payers in their back pocket.

Let's quit bickering over small issues and put an end to this. Yes this end would collapse our economy but our children would be better off over time. True free market. Power to the people.

I so wish they would have went belly up. Keep dreaming Rik.

Congratulations on a job well done to the entire Goldman Sachs team.

Crisis

3.44 Billion that's nothing. Wait till you see the kind of numbers they can lay down once they are trading for carbon offsets. Ya know the fake market that the government is setting up now that to all aperances will benifit no one except Goldman.

After reading the RS article on GS it's amazing to me that the American people have been able to survive and actually prosper in such a crooked rigged game.
Just think how wealthy this nation would be without these con men fleecing the public every other decade.

It's dumb shit stories like bani's that show the contempt and hatred the left has. So GS exec's sold stock??? FOR LESS THEN TODAY'S PRICE!

Get dude insiders lost money. In fact they were so anxious to get their hands on money to trade...they were willing to take less then fair value!

Today JPM posts a 2.7 billion dollar profit. The left gets Joe Biden and Barney Frank to attack...while the right celebrates their survival.

And Tao has a good point. In fact if you look at all the trillions that's the zero is going to waste.....HE MAKES MADOFF EBBERS RAINES KOSLOWSKI ETC look like 2 bit whores

"After reading the RS article on GS it's amazing to me that the American people have been able to survive and actually prosper in such a crooked rigged game."

Well, some people prosper. But its a fine line and a neat trick keeping people just well enough off to get them up in the morning to keep producing, but not well enough off that they can't see the threat of total bankruptcy in their rear view window.

GOLDMAN SACHS doesnt have any better management than any other large corporation.

THE REASON THEY ARE MAKING SO MUCH MONEY IS ONE SOFTWARE PROGRAM CALLED

SECRET SAUCE

I am quite surprised no one is mentioning this software in all the discussion of WHY they all of the sudden are making all this money.

They have developed an advanced software that can manipulate market data on a real time basis.

Check out ARS TECHNICA website for more information on HOW they are doing it!
A disgruntled employee uploaded the program to a server in Germany and now no one is quite sure who all has access to this software now and Goldman Sachs is very worried.

Get real Dave,

These guys and their crooked schemes would have been wiped out in bankruptcy and criminal Court except for the taxpayers and corrupt politicians that protect them. They were partners with Bernie Madoff in Primex trading for Christ's sake. They own our Treasury and the Federal Reserve where they print paper money and won't say how much. They have conspired with the CIA to lock up Mr. Armstrong without trial for developing predictive compiled economic code that they can't wait to get their hands on so they can screw everyone in the world twelve ways to Sunday.

JP Morgan posts 2.7 BILLION dollar profit.

Ooops, DAVETHEWAVE already posted the JP Morgan info in an earlier post.

Apologies DAVETHEWAVE.

That being said, I believe it was Napoleon Bonaparte who once said "Religion is what keeps the poor from murdering the rich."

"Religion is what keeps the poor from murdering the rich."
#27 | Posted by Sluggo

That and a standing army.

"Religion is what keeps the poor from murdering the rich."
#27 | Posted by Sluggo

That and a standing army.

--------------

All organizations have one real function: exclusivity.

here is something that I have trouble understanding how libs can be so vengefull in one regard and look the otherway on another

we are constantly hearing of all the evils of the large corporation and how they do it on the backs of the poor and all that stuff

AND WHAT ARE libs solidily behind in this case.

LARGE CORPORATIONS who own businesses who are going to buy and sell CAP AND TRADE stuff while goldman gets a commission off of each sale and GE is set for the same FLOODGATES TO OPEN at thier bank

AND they paid this amount in federal corporate incomne tax

$ 0.00

someone asked how and the only answer I have come up with is from last nights show when a guest reminded orielly that this is the business they are in..to help other corps' avoid paying taxes so they know how to do it.
THE SHORT ANSWER.........LAWYERS, of course

SO who pays for cap and trade

the poor who pay no fed taxes EITHE...with higher energy costs to the tune of the PRESIDENTS OWN WORDS>. "necissarily skyrocket"

and who will pay these energy costs as WELL as tax hikes to raise money for the over 60 % who PAY NOTHING..

middle class...YOU AND ME>......

and the real question...how can libs actually support this?? and STILL tell us how compassonate they are to all species

and the benefit.............much less than one hundreth of one per cent degree cooler....

Let's take that at 50% and apply it to Health Care reform.

#13 | Posted by Petrous

How bout getting rid of some of that debt that Bush ran up? Oh, I forgot, BHO has made that look like pocket change.

3.44 Billion that's nothing. Wait till you see the kind of numbers they can lay down once they are trading for carbon offsets. Ya know the fake market that the government is setting up now that to all aperances will benifit no one except Goldman.

#20 | Posted by TaoWarrior at 2009-07-16 08:07 AM

Wait till you see the kind of numbers they can lay down once they are trading for carbon offsets. Ya know the fake market that the government is setting up

goldman and ge already own several companies which will be dealing in those offsets and they have been inline for that the entire time that the ceo of GE sits in the white house advising the president on THIS SUBJECT........but I am sure he would NEVER talk a chicago politician into sending money his way ......oh no......not at all.......

There is no economy left to recover. The US manufacturing economy was lost to offshoring and free trade ideology. It was replaced by a mythical "New Economy."

The "New Economy" was based on services. Its artificial life was fed by the Federal Reserve's artificially low interest rates, which produced a real estate bubble, and by "free market" financial deregulation, which unleashed financial gangsters to new heights of debt leverage and fraudulent financial products.

The real economy was traded away for a make-believe economy. When the make-believe economy collapsed, Americans' wealth in their real estate, pensions, and savings collapsed dramatically while their jobs disappeared.

It was not the millions of now homeless homeowners who were bailed out. It was not the scant remains of American manufacturing, GM & Chrysler, that were bailed out. It was the Wall Street Banks.
Nothing in Obama's economic policy is directed at saving the US dollar as reserve currency or the livelihoods of the American people. Obama's policy, like Bush's before him, is keyed to the enrichment of Goldman Sachs and the armament industries.

Matt Taibbi describes Goldman Sachs as "a great vampire squid wrapped around the face of humanity, relentless jamming its blood funnel into anything that smells like money." Look at the Goldman Sachs representatives in the Clinton, Bush and Obama administrations. This bankster firm controls the economic policy of the United States.
Little wonder that Goldman Sachs has record earnings while the rest of us grow poorer by the day.

Excerpted from Paul Craig Roberts @ Counterpunch

#22 | Posted by DavetheWave

Ignorance is no longer an acceptable excuse

If you party shills keep trying to paint the mess on the other party your just choking on your own bullshit.

Goldman is fascism incarnate, fused to the Congress and Obama through the hidden arteries of the Fed.

That's not necessarily true. For instance on the left....at least Nutcase and danforth think things through before they post, unlike most leftwing posters here.

As for the right, almost all posters have questions which can be discussed. Instead of name calling non thinkers....like celery!

I smell BONUS!

That's not necessarily true. For instance on the left....at least Nutcase and danforth think things through before they post, unlike most leftwing posters here.

As for the right, almost all posters have questions which can be discussed. Instead of name calling non thinkers....like celery!

#36 | Posted by DavetheWave

what is true ~ Davey?

Does Goldman Sach have an ownership seat on the Fed Board or not?