BF2S Forums Goldman Sachs

The investment bank delivered first-quarter earnings that sailed past even the most optimistic predictions and plans to raise $5 billion in stock to help pay back government bailout funds. It would become the first big U.S. bank to repay federal loans extended last autumn at the height of the credit crisis.

This I like. http://online.wsj.com/article/BT-CO-200 … 09963.html

I don't know if they had the most to do with it. This shit has been brewing on many fronts.

Goldman Sachs are a dishonest bunch of shysters, no question about it.
Share manipulation and fleecing of investors is their SOP.

It's a good sign that some of the finacial industry is picking up pace, that will give the rest of the market positive wibes.

They were the ones betting high on futures contracts.

usmarine wrote:

the USA is a shell of a great country.  nothing more, nothing less.

"Legalising Pot is the only way out of the mess the Republicans have created. " - Yerded

Lotta_Drool wrote:

usmarine wrote:

the USA is a shell of a great country.  nothing more, nothing less.

"Legalising Pot is the only way out of the mess the Republicans have created. " - Yerded

that is a distilled version of something I may wrote once, not a quote.

ATG wrote:

You mother fuckers.
These fuckers started the bubbling of oil, almost single handedly. Assholes!

So, this bailout didn't do jackshit but guarantee the continuing decline of the economy.


I tell you what, I envy the people of Iran BECAUSE THEY HAVE BALLS.

http://www.guardian.co.uk/business/2009 … s-payments

http://articles.moneycentral.msn.com/In … tdown.aspx

http://i40.tinypic.com/1ig51t.jpg

QFT

This quote from the MSN article sums it up

"This year, Goldman's traders did a brisk business handling trades for clients who were bullish on the subprime-mortgage-securities market. At the same time, they used Goldman's money to bet that market would fall."


They used other peoples money to run up prices, they make predictions on prices (like many hedge fund managers) and then they played the opposite side bump or slide in the prices. I presume that they have their positions fixed before they make their "forecast." If I lost money at Goldman I think I'd sue.

Yup, all the bailout did was to free Goldman Sachs feet from the financial "las Brea" tar pit. These assholes should have gone extinct. instead, they used their connections in treasury, govt and the fed to get money from AIG and free themselves from the financial bubble collapse. Now they are back at it talking up commodities which I see today are now sliding. These guys are going to be able to profit from a weak economy and I see no reason why they wouldn't continue to feed their greed at everyone elses expense.

At a certain point you would think that this would become a national security concern.... IMO we wouldn't take this horse shit from a terrorist or an enemy so why are these guys being allowed to do this. There really needs to be some prosecutions of the crooks at Goldman.

http://en.wikipedia.org/wiki/Henry_Paul … est_claims

Paulson needs a columbian necktie.

ATG wrote:

http://en.wikipedia.org/wiki/Henry_Paulson#Conflict_of_interest_claims

Paulson needs a columbian necktie.

http://www.pbs.org/wgbh/pages/frontline … bank/view/

mm?

Banking should be purely governmental...  that's all I gotta say.