mrtaxx

Questions Remain on Goldman Sachs / AIG Bailout

I've also wondered what part Goldman played in the demise of Lehman & Bear Stearns & also if they were trying to run Morgan Stanley down and out of business. After all with more of these firms gone Goldman gets their customers.

More Goldman-Paulson Tarnish

Only a blind man and Idiot would not have guessed the relationship and possible "inappropriate" activities between GS & Paulson. Look at last week GS/Abby Joseph Cohen anounces a new bull market and Fridays US unemployment numbers come out positive and the markets rally. Is this a coincidence, IMO it is not.

Bloomberg Comes Down Hard on Goldman

Goldman's manipulation of all markets is apparent to the average person but apparently not to those oversee wall street and Congress. GS just admited their stolen software manipulates markets. When Paulsen was Treasury Secretary is was so obvious he was working with congress.

We have banks, hedge funds, mutual funds, market makers etc. that manipulate the markets and yet those that oversee the markets give these institutions special privlidges, advantages and do nothing to help the average investor.

Then we have the situation where Congress helps those who don't pay their bills, their mortgages and commit fraud however law abiding honest individuals have to pay for the problems of those in trouble.

Then there's the situation where Congress bailed out public cos. including banks and now the banks are repaying us with no acess to credit/loans, higher interest rates etc. It was so obvious from the beginning the public companies should have be left alone to fail and the stronger companies would have taken them over.

We have useless people running the counrty that are looking only out for themselves.

Why Healthy Banks Shouldn't Repay TARP Funds

You responder wrote: "Use of proceeds of the equity deal should be properly disclosed as allowing **insiders to enrich themselves with higher compensation without government scrutiny. ** Beyond that, there is no reason to accelerate repayment within the initial 3 years."....

"Alternatively, one could argue that Goldman is taking its **AIG** proceeds to buy back TARP preferreds. I know that their CFO said they didn't need the AIG bailout given their hedges. At the risk of sounding like Maxine Waters, Blankfein (current CEO) reportedly advised Paulson (prior CEO) during the AIG bailout process. To avoid the appearance of a conflict of interest, perhaps Goldman should voluntarily disgorge its AIG hedge profits since the government made them whole on their contracts (based on Blankfein's counsel)."

"Goldman is now a bank holding company **but I see little evidence of a stable deposit base or other implementation of a bank holding company business plan. ** "

Bingo! Follow the stars (**).

In my opinion:
Paulson worked for Goldman who created some of the the exotic instruments that caused the market crash. He made sure AIG received TARP payments so his buddies at Goldman would benefit. He and his cronies came up with the Bank Holding company senario so Goldman could get the TARP money. Now that the Government says there can be no big bonuses, Goldman all of a sudden doesn't need the TARP money. Hello! Is anybody home!!

Hey, I'm no genious, but if I can see what appears to be going on here why doesn't the Government see what's going on.

Paulson and his cronies and other people and businesses who created these exotic instruments (derivatives, CDO's) or whatever, which caused the destruction of the American economy and economies around the world, should be made to pay back their profits, be fined and be put in jail. Do Not Pass Go, Go Directly To Jail!

Hey, I'm just an average American Taxpayer, what do I know! Talk about being greedy and fraud!

Short Sales: SEC Turns Back the Clock to 1931

Short sell stopped on 19 financial stocks, isn't that unjust, how about all the other stocks that are manipulated. Why do the financials get this break? Oh I know they control all the money. Another farce by the SEC, another useless government agency that doesn't know how to do their job or just keeps looking the other way.

The Credit Bubble: Deregulation Gone Wild

To resolve the crisis the article suggests "If banks of all sizes could regain their capital immediately and easily, it would be a tremendous benefit to the American economy. The federal government could make this happen by entering into an arrangement with American banks that hold subprime mortgages...Here’s how it would work: *The government would guarantee the principal of the mortgages for 15 years. And in exchange the banks would agree to leave their “teaser” interest rates on those loans in effect for the entire 15 years. "*.

So it's suggested that people, mortgage co.'s and banks etc. who may have commited fraud by enhancing their income on mortgage applications and doing whatever other shnanagins they did, should get away with it, get great mortgage rates and all the other American taxpayers should pay for it. Now that's simply wrong because their problems should not be my problems and the problems on honest people and bankers. However I would not mind this 15 year plan being done if those who committed fraud and other shananagins and wanted to live and stay in their homes gave up their appreciaition in those homes in full or to some extent after the 15 years to pay back the reduction they received in interest rates by the rates not being increased after the teaser rate period ended.