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Their prop trading is super small compared to the company's total revenue, so who the hell cares even if they do? As for AIG - that's their job. I'm not even sure they were the MM on AIG - were they?(link please) You and I can't do the same thing - we're not billion dollar companies...

I really try to keep away from the kool-aid. Taibi is a former pro athlete that used to write editorials on why the death of the Pope is funny and various items for Playboy. Perhaps you're the one that needs to see what's in their cup. :) It seems to me you've made egregious assumptions...

GS makes almost 90% of their revenue as a market maker, and has for the past few decades.

Please post a link to your made-up fact that goldman owes the US govt money at this point in time.

taibi is a tool - when he comes into something he doesn't understand he makes up logical fallacies to facilitate his argument.

You're talking about reserve notes, not money. Money is what a reserve note is, not the other way around. Gold is money. Oil is money. Time is money. (quite literally) Anything I am willing to accept in trade for services or goods is money.

lol at "all money is debt"......

People have been singing this song since 2001. The experienced people aren't holding their breath.

lol. if you thought that I have a bridge to sell you....

I see what you did there....

I admittedly haven't read much of this thread, but there are many ways to create money/wealth outside of debt. Debt is just the easiest. For the obvious you just need to look to basic macroeconomics: how does the economy grow when a new worker is born? It's not via taking a loan on that new...

lol. well-played.

Best comment I've seen on here in a while. People keep forgetting that it's worse for the other guys, which means it won't be as severe for us. Beauty of fiat currency.

Why do you need us to provide detail? They've been doing it for the past 20 years. Google up some recent history.

2004.

lulz. hey now, broken clocks are right twice a day. Maybe this is Taleb's moment?

repost, and it's not porn dumbass.

Not really - US car companies have had an assload of regulations to put up with over the past 30 years, which has contributed to their products costing more on-average. Now Toyota is seeing what the pain of an "ooops" feels like in the US's regulatory system.

There's a difference between renegotiating and breaking.

go back to the yahoo! boards dumbass. The Fed's profits go to the US Treasury, sans a marginal percentage for operating inflation. This is how money is created and destroyed in a fiat currency economy. Nothing wrong with the mechanics at all.