Robespierre

Fannie Mae Plus Goldman Plus Tax Credits Plus U.S. Treasury Add Up to Big Mess

"The US Treasury does not want to look like it is favoring Goldman by approving the deal,"

LOL since when does the Treasury care about what it looks like? If this saves GS tax money it will get done. They didn't spend all that lobbying money for nothing.

Commodities: How to Trade Like Goldman Sachs

You can never trade like GS unless you are able to rigged the markets or the regulators. GS just had 1 losing day last Q. Do you actually think that they are that good? They beginning to look more and more like Madoff to me and just like in the Madoff case the SEC will not investigate this outlier "performance". JMHO

Hands Off Goldman Bonuses

BTW I would not be surprise if Treasury/Fed gave billions of dollars to these firms for them to drive the stock market so people (main street) would feel better about their finances and would go on a buying spree to lift the economy. The pay out for the firms would be of course to keep any of the profits made in the process unhindered by regulators or pay czars. Too far fetched?

How Paulson Gave Goldman the Lehman Heads-Up

GS, JPM and others are not being investigated by the federal government because the federal government does not feel like investigate it them. This and the previous administration have and had the tools to do it, if not with the SEC (useless) then with the homeland security agency. Isn't what these people allegedly did closer to financial terrorism than anything else? Didn't they bring the nation close to collapse? They call themselves CEOs of the financial industry. They look more like capos of organize crime families to me dividing up the country to make it easy for them to loot. The irony is that they are financing the looting with tax payers money - Change you can believe in -

Hands Off Goldman Bonuses

"The question again is: what should we do about it? The position that government can just arbitrarily reach into some private enterprise’s internal affairs and make individual decisions on its behalf is indefensible. That is not how capitalism should work and I am not buying into that argument."

The way I see it if it is OK for government to arbitrarily reach into some private enterprise’s internal affairs and give them BILLIONS of taxpayers dollars then it is OK for government to arbitrarily reach into some private enterprise’s internal affairs and take BILLIONS on set aside bonuses. Nobody put a gun on their heads to be bailed out, If they didn't want government reaching into their affairs then they shoulf file for BK when their were in need of money.

How Regulated Does Wall Street Need to Be?

None of what you mention will come to pass. There will be no regulation of any of these banks. What you fail to see is that this money is not just for the bankers themselves. Some of this money will end up in the pockets of "our" elected officials in many different ways from campaign contributions to speakers fees (once they leave office) to very lucrative "consulting" jobs to jobs to family members etc. So all these talk about regulation is just absurd and completely detached from the facts on the ground. These people are for all practical purpose untouchable.

Are Banks Being Naughty Again with Derivatives? Could Be Good

Yes, there is enough exposure to bankrupt the financials with leverage, provided that they haven't managed risk.

But they are managing risk very well via a future tax payer bail-out if needed. Isn't that kind of peace of mind that you can get when the commander in chief works for you and have nothing to fear?


On Sep 29 11:20 AM Jasonaidan wrote:

> The notional value of the derivatives contract seems irrelevant to
> me considering the fact that some contracts are netted with equal
> dollar amounts being swapped. It seems to me that the importance
> of Reggie's analysis is the amount of net credit exposure based on
> TCE. Yes, there is enough exposure to bankrupt the financials with
> leverage, provided that they haven't managed risk.
>
> Anthony Harrison wrote: "This highly respected and highly rated financial
> giant holds nearly $80 trillion in derivatives (notional value),
> ahead of Bank of America’s $75 trillion and Goldman Sachs’ $48 trillion.
> This notional value of JPMs derivatives is nearly 39 times its total
> assets, 850 times its tangible equity and six times the US GDP."
>
>

High Frequency Trading: We Fear What We Do Not Understand

To me the solution is simple. Force investment instead of trading to benefit GS. How? Tax gains on holdings of less than a few hours at %90 a few days at %80 and so on. There is no reason at all for the benefit to the country to have GS make millions of $$$ doing this. If they want to skim the public go an open a casino in Vegas

Housing Bubble, The Sequel

Ah the irony it took an African American president to turn so many Americans into 'indentured servant'. If this doesn't have all the makings of a "let them eat cake" from the public I don't know what it does. To be honest I voted for him because of the "change" thing. All the change I see, however, is the few coins I will be left with when his presidency ends (hopefully single term)


On Jul 15 11:15 AM ecliptix543 wrote:

> "Obama's plan will make us beholden to the Financial Warlords in
> everyway, we will be debt ridden, renters with no jobs and low incomes,
> with weekly hours down to 33 per week and average wages dropping.
> America is about to change into a serfdom."
>
> This very well seems to be the general plan, does it not? Redefine
> the term 'citizen' to actually mean 'indentured servant', and this
> country starts to make a whole lot more sense. Contacting our representatives
> is useless and our States' governments are so financially castrated
> so as not to oppose the Feds for fear of losing out on the next bailout...
> It's either we stand up and fight this or we just roll over and let
> them destroy this nation. Pick one.

Why Goldman's Fat Profits Are a Good Thing

All this complaining makes me sick. If you want to make the kind of money GS makes then invest the way they do: presidential campaign contributions. I hear the dividends are astronomical!

Goldman Releases Earnings Early; Has World Gone Crazy?

Top talent in GS is not what got GS the money. Top GS talent at the Treasury did that.


On Apr 14 09:37 AM ps55 wrote:

> The fact is, Goldman needs to be run by Goldman - not the gov't.
> Furthermore, Goldman is what it is because of its top talent..talent
> that can only be retained if they are allowed to pay out big bonuses.
> Would I enter a long position in Goldman stock here - certainly not.
> But, do I think this is a productive step, absolutely. The financial
> crisis is not over, and it won't be for some time. We can use events
> and new stories such as this one as trading opportunities, as they
> create market volatility. Discuss the potential trade opportunities
> and ideas at marketfriends.com