Let's Talk About How Goldman Makes Money; 1 in 6 in USA Unemployed or Underemployed

bullshit talks, all I can say about your oil comments. Its trickier exactly for the reason you cited below. The intricacies of storage levels is the precise reason why there are or there are no tankers roaming each of the U.S. coasts without being able to unload and a huge determinant in how much backwardation or contango oil futures trade.

Ok, can you show me the numbers how many oil futures GS dumped and in what exact time period? Truth is you know shit and want to sound intelligent, in reality you picked up some comments off a GS hater blog.

Couple more questions for you: So, GS was also responsible for the sell-off in Gold last autumn? Also, its wrong to buy an asset on its way up and sell it on the way down?

All you GS haters are just pissed off that you could not ride the system as GS did. If you hate the system change the system (meaning, take it up with the people who designed and maintain this structure) but dont take it up with those who maxed out on the system within their legal means.



Quote from Anaconda:

a) you need the education, more than you realize

... it's a standard operation, as long as you don't get screwed and left with barrels sitting on the dock...

...Oh, ever wonder who caused the sharp down moves in oil last fall? That was GS dumping their oil contracts because they needed cash ASAP.
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Quote from asiaprop:

bullshit talks, all I can say about your oil comments. Its trickier exactly for the reason you cited below. The intricacies of storage levels is the precise reason why there are or there are no tankers roaming each of the U.S. coasts without being able to unload and a huge determinant in how much backwardation or contango oil futures trade.
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You're sad. I can call an associate right now who can quickly direct us to the same sources that he & his partners used to take advantage of the contango. And this is from a firm that normally only dabbles in real estate trust & bankruptcy liquidation.

Ok, can you show me the numbers how many oil futures GS dumped and in what exact time period? Truth is you know shit and want to sound intelligent, in reality you picked up some comments off a GS hater blog.
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Why don't you go get down on your knees for your GS boss and maybe he will release their position numbers from those days. Alternatively, travel back in time, their positions were published, and mysteriously, they were all liquidated during that time.



All you GS haters are just pissed off that you could not ride the system as GS did.
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If you earned enough to pay taxes, you would be pissed off too. But then you're probably being paid your measly salary thanks to the endless bailout GS received.
That's my fucking money they are getting in their pocket, all through cronyism. I don't care what they do with shareholder money or their own capital. The situation has changed significantly a year ago, when their games got them to a position where they needed not one, but several forms of bailouts to survive.
 
...as I thought. No proof, no numbers, nothing. Thanks for making my case.

Nonetheless, good luck in your own endevour.



Quote from Anaconda:

You're sad. I can call an associate right now who can quickly direct us to the same sources that he & his partners used to take advantage of the contango. And this is from a firm that normally only dabbles in real estate trust & bankruptcy liquidation.



Why don't you go get down on your knees for your GS boss and maybe he will release their position numbers from those days. Alternatively, travel back in time, their positions were published, and mysteriously, they were all liquidated during that time.





If you earned enough to pay taxes, you would be pissed off too. But then you're probably being paid your measly salary thanks to the endless bailout GS received.
That's my fucking money they are getting in their pocket, all through cronyism. I don't care what they do with shareholder money or their own capital. The situation has changed significantly a year ago, when their games got them to a position where they needed not one, but several forms of bailouts to survive.
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Quote from asiaprop:

...as I thought. No proof, no numbers, nothing. Thanks for making my case.

Nonetheless, good luck in your own endevour.
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I don't have any incentive to prove anything to a retarded GS fanboy like you. This is common sense I'm talking about.
I especially do not have any reason to waste my time digging up info from exchanges that was known in the financial circles a freaking YEAR AGO. You're way behind the curve.

Enjoy your future unemployment checks when GS makes yet another round of cuts of their middle office. I doubt your oral skills will save you
 
;-)

Quote from Anaconda:

I don't have any incentive to prove anything to a retarded GS fanboy like you. This is common sense I'm talking about.
I especially do not have any reason to waste my time digging up info from exchanges that was known in the financial circles a freaking YEAR AGO. You're way behind the curve.

Enjoy your future unemployment checks when GS makes yet another round of cuts of their middle office. I doubt your oral skills will save you
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I agree that there are several parties at fault, but your assertion that you are jealous or are against capitalism if you identify GS as part of the problem defies reason.

It's like if I bribed a police officer to look the other way while smacked you with a golf club and took your wallet.

Don't blame me, blame the corrupt cop that was supposed to be doing his job. I was just managing my risk better than the average criminal. And to rub it in even more I have the audacity to say you're just jealous that I have money now and you don't.

Quote from asiaprop:

did I not repeatedly quote that I wished banks were NOT bailed out? I am also in favor of companies accepting the full consequences of taking risk. Sure, financials screamed for help but it was the legislative and executive that sold out the tax payer. As a business owner would you not exhaust every possibility in order to survive? If someone is stupid enough to give you money you dont deserve would you reject it and rather close shop or would you take it?

My point was that GS has manged their risk way better than almost any other financial firm and they have already repaid the money they received in direct bailout funds (I dont think any of us is in the position to argue back and forth what else GS owes to the world). If you want to take up your grievances with anyone take it up first with a) politicians, b) regulators, c) mortgage subprime borrowers, d) mortgage lenders, e) any other financial firm, f) GS, in this order.
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the problem I see is that either some parties with "special interest" or otherwise the uninformed make GS the sole responsible for this mess. They assert GS has acted illegally, highly unethically at the very least, and does not deserve a single penny of the p&l it generated. When you read between the lines (or at most times take the meaning literally) of most anti GS posts it sounds like GS has staged a huge covert operation to infiltrate the rest of government, society, academia in order to benefit the "outlet". Its the same as if I go ahead and blame UPenn or Harvard for setting up an efficent alumni network which reaches into the highest levels of corporate management in the U.S.

I think such thought resembles a lack of understanding how today's corporations really function. Simple as that. And I assert again, those who purposly put GS on the forefront of their hate campaign either have an issue with anti-semitism/blindly copy hate tirades of those with anti-semitic tendencies off blogs and other websites, or have a genetic tendency to bash the most successful guy in the class. I only need to read the first one or two paragraphs of some of those blogs and it becomes apparently clear my hunch does not lie far from the truth.

By the way, its the 4th or 5th anti GS thread here in a few weeks, isnt that interesting? Have you seen a thread on Citi, JPM, BoA, DB, ML, Bear, CS, UBS?






Quote from rbartell:

I agree that there are several parties at fault, but your assertion that you are jealous or are against capitalism if you identify GS as part of the problem defies reason.

It's like if I bribed a police officer to look the other way while smacked you with a golf club and took your wallet.

Don't blame me, blame the corrupt cop that was supposed to be doing his job. I was just managing my risk better than the average criminal. And to rub it in even more I have the audacity to say you're just jealous that I have money now and you don't.
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asiaprop, I won't take too much time again addressing you with a question that I did earlier, as you've never answered, but it would be nice to know how you feel since you seem so in love with GS.

If the bailout of AIG and taxpayer funds of around 170 billion were a back door way to ensure AIG counter-parties such as GS (which was the biggest single counter-party to AIG, I do believe) would get paid on their CDSs, do you have any issues with this?

Thanks a lot for your anticipated response.

A yes or no would suffice, but I have a feeling you'll barely be able to contain yourself whatever your answer, and expound profusely upon it.
 
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