Adrienne Gonzalez

Goldman Pays Its Pound of Flesh

This reeks of one giant money laundering scheme IMHO. Just sayin.

"borrowed" *cough*

Goldman Sachs, Morgan Stanley: Half Price on TARP Warrants?

"How about a license from the government to print money. "

bwhahahahahaha I love it. Can I give you 2 thumbs up? And let's throw in a big toe for good measure.


On Jul 22 01:49 PM Mad Hedge Fund Trader wrote:

> How about a license from the government to print money. It looks
> like Goldman Sacs is going to leg over the Treasury once again. It
> is buying back the warrants it issued the Feds as part of its TARP
> dole out for a mere $1.1 billion, giving a 23% annualized return
> on the investment. Why is the government selling? Do you think GS
> knows something about its future earnings the government doesn’t?
> Could this be the greatest example of insider trading of all time?
> Has anyone at the Treasury considered keeping free calls on GS to
> maturity, as Warren Buffet is with his paper? Then they might be
> worth $10 billion, or even $100 billion. I know that if hedge funds
> could get these warrants at the same terms as the Treasury, they’d
> be loading the boat. Safe to say that when GS shakes your hand, you
> want to count all of your fingers afterward.

Goldman Sachs One-Upped Wells Fargo in Accounting Shenanigans

We all know the manipulation is happening so why not get a piece before the truth comes out in the wash? They can rewrite all the accounting rules they want - the problem being at some point the game is over, the question is whether or not those who understood what has been going on all along played along or not.

A load of bull if I ever saw one.

FASB Unlikely to Suspend Mark to Market

This line says it all: "I agree that to mark the value of all the houses on a street to the price of the one foreclosed home is inappropriate. On the way up these same companies (and their stocks) benefited from increasing asset values but now that the financial industry is at the edge of the cliff, these same rules look too strict."

Mark to market was fabulous when these institutions were gobbling up exotic financial instruments like crack addicts and approving loans that should have never EVER under any circumstances been allowed just so they could bundle and sell off their risk. But now that the bottom has fallen out of their little scheme, MTM is the problem. Suuuuure.

While FASB has its own ineptitude problems to contend with, I'm glad to hear they didn't allow Kanjorski to threaten them. What can he do? Martial law of accounting? Give me a break.

Cramer's Stop Trading! Why They Won't Let Goldman Sachs Pay Off TARP (2/11/09)

Just as with the Federal Reserve, we supposedly have the "creme de la creme" running the show - intelligent, well-trained individuals, right? And yet they can't seem to calculate simple figures or grasp remedial concepts of sound economic policy.

Thain is not entirely innocent. None of them are. From Congress on down, they should all be tried for treason and frankly for them to be doing this song and dance on Capitol Hill is offensive to America - here, let's make it look like we're on different teams, yell at each other for awhile, and then I'll cut you a check before you leave.

Does this make ANY sense whatsoever?