Short Memories at Goldman

[saliva]

Quote from asiaprop:

By the way you STILL dont get how taking a loan and repaying a loan works. GS has REPAID the money it received from the government. Is a company not allowed to make money anymore because it has borrowed funds on its way?

You're full of shit and you know it. Goldman could not have repaid the fucking money they owed to me and others around here had they not taken the loan from the government. In short, that money they made belongs to us, so cut the shit you moron. Your logic of winner take all just don't stand up against your idiotic thinking. What, capitalism and the bonuses rule the day when you're making money but socialism and taxpayer bailout rules the day when you're in trouble? Next time, let the assholes at Goldman die!

One last word from my neighbor who just got laid off for no fault of his own: screw you motherfucker!

(I say you should be careful what you say around here. Who knows, some insane dude might actually track you down one of these days.)

 

[asiaprop]

ok here the 100% true and honest answer. I have a bleeding heart to refute lies and bullshit that someone posts without using any brain but being entirely motivated by the public mood of the hour.

I understand how the public thinks about GS. But I also understand that a lot of this public opinion was misguided by politicians and journalists who make their living from pointing fingers and it just looked opportune to point at the banks when politicians wanted nothing to do with this mess although a lot of evidence points to the fact that lax lending and credit policies SET BY THE GOVERNMENT AND FEDERAL RESERVE bank lead to last year's disaster. You cant blame people for acting irresponsibly. And you cannot blame people for taking what is offered to them for free. BUT you can blame those who waste tax payers' money on irresponsible entities. In that I dont spare a single tear for banks such as Bear or Lehman. I accuse American politicians for their lack of knowledge and wisdom and instead having authorized billions of dollars to be paid out to AIG and the likes.

You know if GS really had to close shop without AIG or the likes surviving then so be it, I would not have a single issue with that. But I am getting bored to consider the ifs, coulds, woulds. We dont know whether GS survived or not without any intervention. Nor does ANYBODY else. Fact, however, is that GS has repaid every single penny while AIG is nowhere but their executives get fresh million dollar bonus packages, that is the real absurdity. Not GS paying billions in bonuses. Those are well deserved.

Quote from MaklodaSux:

asiaprop. Would you mind explaining what your background is and why you have such a bleeding heart for GS? Im curious.

 

[asiaprop]

cry as much as you want BABY, but fact is you DONT know what would happened to GS without intervention. PERIOD!!! And as a matter of fact they have repaid what they received. So why dont you stick to the facts, you hypocrite.

"the money they made belongs to us?" LOL, you make me start to feel sorry for you loser. Are you in urgent need of money or why do you start claiming others' hard earned dollars to be yours? Do you have any issues working hard on your own?

Quote from saliva:

You're full of shit and you know it. Goldman could not have repaid the fucking money they owed to me and others around here had they not taken the loan from the government. In short, that money they made belongs to us, so cut the shit you moron. Your logic of winner take all just don't stand up against your idiotic thinking. What, capitalism and the bonuses rule the day when you're making money but socialism and taxpayer bailout rules the day when you're in trouble? Next time, let the assholes at Goldman die!

One last word from my neighbor who just got laid off for no fault of his own: screw you motherfucker!

(I say you should be careful what you say around here. Who knows, some insane dude might actually track you down one of these days.)

 

[Debaser82]

Quote from asiaprop:


You know if GS really had to close shop without AIG or the likes surviving then so be it, I would not have a single issue with that. But I am getting bored to consider the ifs, coulds, woulds. We dont know whether GS survived or not without any intervention. Nor does ANYBODY else. Fact, however, is that GS has repaid every single penny while AIG is nowhere but their executives get fresh million dollar bonus packages, that is the real absurdity. Not GS paying billions in bonuses. Those are well deserved.

BULLSHIT.

Blankfein: WE CAN NOT LIVE WITHOUT A HEALTHY SYSTEM. In the days after the collapse of Lehman Brothers, when everyone was panicking, we received $5 billion from Warren Buffett and then raised $5 billion from public equity investors. But, we couldn't make ourselves healthier than the system. Those who fail to recognize that the aid given by governments to the financial system benefited everyone are DELUDING themselves.


http://www.spiegel.de/international/business/0,1518,650289,00.html

 

[asiaprop]

and how is my post and your response connected? You cry babies are so incredibly emotional instead of looking at facts.

Of course was every bank in need of cash in the darkest hours of 2008. Goldman at least first went through private investors to raise funds. In that I respect GS more than any other bank out there. But this has NOTHING to do what GS received from AIG as contractually agreed. And it proves nothing of whether GS would be where it is today without AIG or others.

P.S.: I recommend you dont take everything CEOs say for face value. They communicate to shield themselves and their companies. Do you believe Blankfein believes the bonuses are undeserved? No, but why do you think he keeps his mouth shut and instead publicizes how he urges his employees to donate more for good causes and suggested opening a donation fund.

Quote from Debaser82:

BULLSHIT.

Blankfein: WE CAN NOT LIVE WITHOUT A HEALTHY SYSTEM. In the days after the collapse of Lehman Brothers, when everyone was panicking, we received $5 billion from Warren Buffett and then raised $5 billion from public equity investors. But, we couldn't make ourselves healthier than the system. Those who fail to recognize that the aid given by governments to the financial system benefited everyone are DELUDING themselves.


http://www.spiegel.de/international/business/0,1518,650289,00.html

 

[Debaser82]

Quote from asiaprop:

and how is my post and your response connected? You cry babies are so incredibly emotional instead of looking at facts.

You say GS might have survived without any government help for any their weaker peers.

The GS CEO says no chance in hell.

Who to believe....




But you are right indeed, what the **** do these guys know.

In the same interview Blankfein said he isnt bullish on gold.

Let's see that prediction rip his reputation to pieces.

 

[asiaprop]

If you read my earlier posts you would have seen that I clearly referred to the time when GS received moneys from AIG and the like.

And even at the time when Goldman sold pref shares or warrants, what else could Blankfein have said other than that the money was urgently needed? He told congress he needed it mid 08 and now he says they actually just asked for it to have an additional cushion just in case?

Quote from Debaser82:

You say GS might have survived without any government help for any their weaker peers.

The GS CEO says no chance in hell.

Who to believe....




But you are right indeed, what the **** do these guys know.

In the same interview Blankfein said he isnt bullish on gold.

Let's see that prediction rip his reputation to pieces.

 

[risk1]

YARET? (Yet another raucous ET thread)

Just a point of view.
http://www.ft.com/cms/s/0/6e2dfb82-c018-11de-aed2-00144feab49a.html

Excerpt:
And I think that right now, banks are actually getting hidden subsidies of very enormous amount because of their ability to borrow at effectively zero and buy 10-year government bonds at 3.5 per cent. So those earnings are not the achievement of risk takers. These are gifts, hidden gifts, from the government, so I don’t think that those monies, for instance, should be used to pay bonuses. And so there’s a resentment which I think is justified.

 

[cleveland45]

Goldman Sachs and MS should have bit the dust last fall along with Lehman and Bear Stearns. Too many sycophants still around dragging down the US economy.

 

[nutmeg]

What's good for GS is good for the country. C'mon now that GM shit the bed we need a leading industry.

Goldman Sachs, mom, apple pie has a nice ring to it.