logicalsinger

More Outrageous than Bailout Bonuses? Nonstop Printing of Money

It's the lawyers against the MBAs. The lawyers (Obama, Congress, etc.) are having a field day while the MBAs (Wall Street, corporate America) are on the defensive. It's a battle of the elites. The populist sentiment is just a tool, in this case in the hands of the lawyers. The media is full of people consumed with envy and they are also mad at MBAs for making so much money.

Many MBAs don't create any wealth but many do! No lawyer creates any wealth but most redistribute it.

Goldman Sachs Is Toast

$122 billion in cash??? Really? Are you confusing their own cash and cash held for other parties? And what are the liabilities on the other side of these cash assets?


On Mar 10 05:53 AM [e-mail] wrote:

> I'll take the opposite side of that bet anyday.
>
> Goldman has $122 billion in cash, which I believe is still considered
> a tangible asset. Are you sure that they are 23x overleveraged?<br/&...
>
> It appears to me they have significantly more room for error than
> either Bank of America (seekingalpha.com/symbo...) or Citigroup
> (seekingalpha.com/symbo...). I'd imagine some financial companies
> are going to remain standing when this is all said and done, and
> I see few mega-institutions left standing as cash rich as Goldman.
>
>
> I'm more of a micro-cap hunter than a institutional bank analyzer,
> so correct me where I'm wrong. Perhaps my arguments are too simple.
>
>
> Dave

SEC Bans Shorting Financials

iThingbig are you running for something? you sound like you have much more experience than Obama and Palin.

SEC Bans Shorting Financials

Maybe they should ban the selling of long positions too. Coming soon: If you own a financial stock long, you are no longer allowed to sell it! sorry but this ain't your papa's capitalism any more.