Rumpole

Goldman Sachs Replies to Taibbi

Just because a Senate committee recommends that these exemptions be discontinued doesn't mean it'll happen. So I think it a bit pre-mature to say that GS hasn't got its claws effectively into the senate.
and frankly I find it odd that GS would respond to such an article if it thinks it's so hysterical. What does GS care what a Rolling Stone editorial says!?

Goldman Sachs Datapoint of the Day

You know, one has to applaud GS for its ability to entwine itself so deeply into the highest levels of government. I mean, even here in Canada our central bank has a GS alumnist at its helm.

AIG: How It Spent Your Tax Money

From my reading, it looked like JPM was the only bank doing major league buying at the LEH CDS auction. But what I really want to know is who else other than AIG did the underwriting of LEH CDSs; it's these companies who could go bust on Tuesday. Or should I guess that it might have been GS and MS based on the where the first AIG bailout payments ended up??

The Unbearable Lightness of Goldman Sachs

Unfortunately when the repairman went up to patch up the roof, his hammer broke threw the rickety framework to expose a nest of rats living in the attic.

The End of Supervised Entities - Now What About Swaps?

Tell me something, will the $700 billion bailout allow parties whose CDS obligations were triggered by the BSC, AIG, LEH, WAMU or other failures to dump them onto the taxpayer?? If so, I guess Paulson's successor will be back begging for more money from Congress except this time she/he will be prostrate rather than on one knee!