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First, you're quoting a post from ZH - ZH! ZH is taken about as seriously as the Weekly World News is. It's a tabloid full of rants and half-facts. Next week there will be a blog post on there about Dimon's love-child with bigfoot that looks amazingly like Blankfein. Second, the post you...

A better question is how does it compare with Goldman's historical performance? Answer: not much different from 3 decades ago. When you hire the top 1% of the top 1% of schools' graduating classes you tend to do better than most.

No, all the major banks are linked to the Fed if not directly then by proxy via one of the member banks. I think you're nuts alluding to an Elvis-is-still-alive/Alien conspiracy. :)

People need to stop treating Blogs as news - they are Opinion/Editorial outlets, like tabloids. Elvis and space aliens? Yeah, the National Enquirer makes good arguments why Elvis is still alive too.... People seem to forget that before the meltdown GS was killing it - for YEARS. Their...

Please tell me the Mods are not starting to hop on the crazy train too...

few? If by few you mean the nearly 100 million Americans that have jobs then yeah, the few.

I agree what you described is fraud. The problem lies with large banks having MANY internal teams and no, they don't all know what each other is doing. GS is famous for encouraging their employees to talk-back to management and do things on their own. Don't misunderstand - it's not an excuse...

From what I heard the GS down-side bets were hedges for their long-side positions. This is a non-story.

GS didn't have the market cornered on betting against the housing market.

You think the shorts would have learned after the last bloodbath.

^^this. Just wait until an employer runs your credit report.

I don't doubt your comments one bit. I have only been in business for around 10 years so I do, hopefully, have a long ways to go still. All my comments and opinions come from my experience thus far and I recognize there is a lot more to go.

I think I read that the number is based on a spend of 150 billion of the 800, not the whole thing.

The people on the other side from me in this thread's discussion say over and over things like "it's not the business owner's fault" and "no one could have see this[failure, bad economy] coming". I think you miss one important thing in your analysis that new businesses can't see this coming...

That is exactly what I said. Perhaps you need to reread my posts in order. The only reason you could think that isn't what I said is if you pick-and-choose which parts of my posts to read.

No - you need to re-read my posts, you only got half of it. You should have enough money to cover all your commitments. PERIOD. You bet your ass you should have a guaranteed amount of cash-flow to maintain a going concern. Jesus christ man, chill the hell out and use your head. This is all...

No - my point is that if they had 74 months or 84 months is no different than having 1 month if you don't know if you can bring in enough revenue to sustain the store.

No. What does that have to do with anything? My comment related to there being no difference between 74 months or 84 months worth of revenue, from a planning/decision perspective. Taken out of context like that the comment is silly - you need the whole paragraph before it. edit: re-reading...

Excuse you? How am I "mean"? Just because you don't agree with my opinions hardly qualifies you as a character judge.

Yeah I was synthetically short google and made a good amount. I have a thread with my entries and exists if you get board.