Quote from dandxg:
Armstrong is thought provoking if nothing else. I seem to recall his cycle work was a bit off recently though.
Both Goldman and Morgan needed long-term capital to play with. What they needed were bank deposits from the average person to keep the game going. The business model was changing, and they saw the light, and stole the idea from Lehman.
Quote from ByLoSellHi:
Actually, in reality, there is no doubt that Goldman Sachs and JP Morgan are the blessed amongst us in the eyes of the U.S. Government.
There is nothing our dearest Treasury Department, the 'independent' Federal Reserve, or Congress or the Executive Branches of government WOULD NOT DO for either one.
Quote from Roman Candle:
The reply from ET members in reference to this article seem to be from a bunch of babbling buffoons. A group of teenagers trying to distract.