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Goldman Sachs: Pic of the day
- Thread starter ByLoSellHi
- Start date
Quote from dtan1e:
it be great if the independent traders of the world could unite and take down the likes of GS
We would have a bigger chance of building a human pyramid to the moon.
Forget about trying to organize any kind of resistance to this type of corruption, it's completely useless. The system is what it has always been... you might just as well try to stop the sun from rising.
Quote from asiaprop:
so, no exCEO should ever be allowed to enter office? Buddy, you cannot blame the guy who gets hired just because government did not screen his financial interests before or because there were no rules in place to remove such conflicts of interest. Why is it that guy's fault?
The rest of your post is wild conspiracy theories and no need to comment on.
Hank Paulson having 200 million+ in GS options is a conspiracy theory?
Or the fact that he would provide favorable treatment of GS while he let Nero play the fiddle with Bear Stearns and Lehman, so as to protect that 200 million+ in Goldman Sachs' options is a conspiracy theory?
Quote from krazykarl:
Don't be mad that GS has the American dream - a business that makes a shitload of money. You want a piece of it? Become one of their clients.
What a load of bullshit. They, along with all the other major IBs, took imprudent risks and would be bankrupt if the US had a truly free market. They would not exist were it not for taxpayer wealth given to them by the government. They are de facto government entities.
If the system were fair, they would be in liquidation and there would be no assets left from which to pay bonuses.
the first one is not the second one is.
so you still think the government has no fault in hiring people with special interests? And also the average American has no fault in having created this bubble? No problem to overspend and buy things one cannot afford? All GS's problem?
so you still think the government has no fault in hiring people with special interests? And also the average American has no fault in having created this bubble? No problem to overspend and buy things one cannot afford? All GS's problem?
Quote from ByLoSellHi:
Hank Paulson having 200 million+ in GS options is a conspiracy theory?
Or the fact that he would provide favorable treatment of GS while he let Nero play the fiddle with Bear Stearns and Lehman, so as to protect that 200 million+ in Goldman Sachs' options is a conspiracy theory?
or work for them...;-)
Quote from Madison:
What a load of bullshit. They, along with all the other major IBs, took imprudent risks and would be bankrupt if the US had a truly free market. They would not exist were it not for taxpayer wealth given to them by the government. They are de facto government entities.
If the system were fair, they would be in liquidation and there would be no assets left from which to pay bonuses.
Some people keep mentioned that GS repay TARP and therefore all is good.
The main tools that government use are varies facilities Fed setup to pump liquidity to banks. That amount is way more than 700B. Just look at how much the Fed's balance sheet grow.
During the crisis, in order to access those facilities, GS converted into a bank.
In addition to Fed lending money to banks with bogus collateral, they also have interest rate at 0%.
Let me ask you this. If you can borrow unlimited amount of dollar with interest rate at 0%. How many ways you can make money with it?
The main tools that government use are varies facilities Fed setup to pump liquidity to banks. That amount is way more than 700B. Just look at how much the Fed's balance sheet grow.
During the crisis, in order to access those facilities, GS converted into a bank.
In addition to Fed lending money to banks with bogus collateral, they also have interest rate at 0%.
Let me ask you this. If you can borrow unlimited amount of dollar with interest rate at 0%. How many ways you can make money with it?
Mark Patterson
Chief of Staff for Treasury, V.P. Government relations, Obama administration
Hank Paulson
Treasury Secretary, CEO, Bush
Edward Liddy
Appointed CEO of AIG by Paulson, Board member, Bush
Niel Kashkari
Head of Office of Financial Stability for Treasury, Vice President, Bush, Obama
Niel Levin
Head of NY State Insurance Department, Vice President, Bush, Obama
Gary Gensler
Head of CFTC, Partner, Obama
Duncan Niederauer
Chief Executive Officer of NYSE, Partner and Managing Director, Bush, Obama
Stephen Friedman, Chairman of NY Federal Reserve Bank, Chairman of National Economic Council, Chairman of President's Foreign Intelligence Advisory Board, CEO, Bush, Obama
William Dudley, President of NY Fed, Board member of FSB of BIS, Partner and Managing Director, Bush, Obama
Robert Zoellick, President of World Bank, Vice Chairman International, Bush, Obama
Mark Carney, Bank of Canada, Board Member of Bank of International Settlements, Managing Director, Bush, Obama
Mario Draghi
Chairman of FSB of BIS, President Bank of Italy, Partner, Bush, Obama
Joshua Bolton
White House Chief of Staff, Executive Director, Legal and Government Affairs, Bush
Edward Forst
Consultant to Paulson re Fannie and Freddie bailout, Executive Vice President, Bush, Obama
Reuben Jeffrey
Under-Secretary of State for Foreign Affairs, Interim Chief Investment Officer for TARP, Managing Director and Partner for European Financial Institutions Group of Goldman, Bush, Obama
Steven Shafran
Sr. Advisor to Secretary of Treasury, Partner, Bush, Obama
Robert Rubin
Treasury Secretary, Chairman, Clinton
Timothy Geitner
Treasury Secretary, NY Fed President
Rubin Protege and employee, Bush, Obama
Larry Summers
Director National Economic Council, Deputy Treasury Secretary under Rubin, Rubin Protege and employee, Bush, Obama
John Whitehead
United States Deputy Secretary of State, Chairman of the Board Federal Reserve Bank of New York, Chairman
John Corzine
U.S. Senator, Governor of New Jersey [also helped script Sarbanes-Oxley act], Chairman and CEO
Robert Steel
Under Secretary for Domestic Finance at the United States Department of the Treasury, Vice Chair
John Thornton
Member of the Council on Foreign Relations, President, COO
Randall Fort
Assistant Secretary of State for Intelligence and Research, Co-head of Global Security, Director of Programs Security
This list is FAR from complete*
Chief of Staff for Treasury, V.P. Government relations, Obama administration
Hank Paulson
Treasury Secretary, CEO, Bush
Edward Liddy
Appointed CEO of AIG by Paulson, Board member, Bush
Niel Kashkari
Head of Office of Financial Stability for Treasury, Vice President, Bush, Obama
Niel Levin
Head of NY State Insurance Department, Vice President, Bush, Obama
Gary Gensler
Head of CFTC, Partner, Obama
Duncan Niederauer
Chief Executive Officer of NYSE, Partner and Managing Director, Bush, Obama
Stephen Friedman, Chairman of NY Federal Reserve Bank, Chairman of National Economic Council, Chairman of President's Foreign Intelligence Advisory Board, CEO, Bush, Obama
William Dudley, President of NY Fed, Board member of FSB of BIS, Partner and Managing Director, Bush, Obama
Robert Zoellick, President of World Bank, Vice Chairman International, Bush, Obama
Mark Carney, Bank of Canada, Board Member of Bank of International Settlements, Managing Director, Bush, Obama
Mario Draghi
Chairman of FSB of BIS, President Bank of Italy, Partner, Bush, Obama
Joshua Bolton
White House Chief of Staff, Executive Director, Legal and Government Affairs, Bush
Edward Forst
Consultant to Paulson re Fannie and Freddie bailout, Executive Vice President, Bush, Obama
Reuben Jeffrey
Under-Secretary of State for Foreign Affairs, Interim Chief Investment Officer for TARP, Managing Director and Partner for European Financial Institutions Group of Goldman, Bush, Obama
Steven Shafran
Sr. Advisor to Secretary of Treasury, Partner, Bush, Obama
Robert Rubin
Treasury Secretary, Chairman, Clinton
Timothy Geitner
Treasury Secretary, NY Fed President
Rubin Protege and employee, Bush, Obama
Larry Summers
Director National Economic Council, Deputy Treasury Secretary under Rubin, Rubin Protege and employee, Bush, Obama
John Whitehead
United States Deputy Secretary of State, Chairman of the Board Federal Reserve Bank of New York, Chairman
John Corzine
U.S. Senator, Governor of New Jersey [also helped script Sarbanes-Oxley act], Chairman and CEO
Robert Steel
Under Secretary for Domestic Finance at the United States Department of the Treasury, Vice Chair
John Thornton
Member of the Council on Foreign Relations, President, COO
Randall Fort
Assistant Secretary of State for Intelligence and Research, Co-head of Global Security, Director of Programs Security
This list is FAR from complete*
lol, as much as most daytrader make money here at ET. Who said its easy to make money even if you can fund at 0%?
Quote from poyayan:
Some people keep mentioned that GS repay TARP and therefore all is good.
The main tools that government use are varies facilities Fed setup to pump liquidity to banks. That amount is way more than 700B. Just look at how much the Fed's balance sheet grow.
During the crisis, in order to access those facilities, GS converted into a bank.
In addition to Fed lending money to banks with bogus collateral, they also have interest rate at 0%.
Let me ask you this. If you can borrow unlimited amount of dollar with interest rate at 0%. How many ways you can make money with it?