HBWOW

CIT Group: Taxpayers' Investment Is Virtually Worthless

Has the government and its many agencies sought to determine the
degree of fraud (pre bankruptcy insider/broder knowledge and sell off of positions, illegal loans, horrendous insider stock option dealings, unearned bonuses paid, etc, etc, etc? ? ? The TARP loan was only a temporary bandaid and time to allow the insiders/brokers to milk more of the cash out of the company. I know SEC, auditors, and other non responsible (make that irresponsible) agencies continue to work for Wall Street and not the stockholders, bond holders, and taxpayers, so there is no surprise with this blowup.

When Is Insider Trading Legal? The Strange Case of Stephen Friedman

On top of this GS story of grand white collar greed, again realize that
GS according to articles has over $40 trillion exposure of derivatives
and total assets of only $20 billion. AND WE THOUGHT THE EQYPTIANS WERE GOOD AT BUILDING PYRAMIDS. The Friedman
deal is but one of the many stones in one of the many GS
pyramids.

Goldman Dissembling: Dark Pools et al

What else can we expect from GS, the nation's largest gambler with derivatives of over $40 trillion and assets of only 120 billion? Talk about a winning "house" advantage. Government support and sky's the limit on betting.

The Next Step in the Bank Implosion Cycle

Of the three banks listed compared to GS and JPM, the broker/bankers, the gamblers at GS and JPM reflect the highest (insanity) ratio of derivatives to total assets. Well Fargo looks like a real piker with the by far lowest ratio of 4.6 times. In any case, how do these "insider" CEO's sleep at night and how did they allow traditional banking practices to turn into high risk gambling casinos, of course with public and government money, not their own. Who reapes the profits and who gets screwed with the losses?? And nobody goes straight to jail??????

What's Good for Goldman Is Good for Everyone?

How can Goldman do poorly as they control SEC, audit firms,
many WH staffers, congressional heads, Fannie and Freddie, and the banks much less the stock market? Best example is to simply follow the AIG story.

With their bonuses, stock options, and employees' profit sharing plans, they have become the "what me worry" economic poster
people.

Geithner to Blame for Outrageous Goldman Bonuses

Who is to blame? Simple, there's Goldman, the company and then
there is ex Goldman, the government. Can we see a detailed report
on GS employees' retirement plans?

Time for Transparency and Accountability from Congress, The Fed and Major Banks

REAL transparency would lead to real investigations, real criminal/fraud charges, resulting in a slap on the hand and no recovery of ill gotten gains from the perpetrators. Then more of the same would continue, all thanks to the BOYZ. CLEAR!!!

Realize that (a few) SEC investigations of perpetrators have resulted in penalties/fine on the corporate, ie the stockholders again lose, instead of recovery from the perpetrators. JUSTICE???

Time to End the Ken Lewis Horror Show

Derivatives, unearned bonuses, unwarranted stock options, all too
much fraud BUT no punishment AS USUAL.

Wasted Lessons from AIG

Very scary but right on target. When did banks stop being banks and become gambling casinos?

As for your comments on AIG and BAC stock prices then and now, this is a strong testimonial on the power of GS.

Government run by Wall Street.

Government's Economic Strategy: Cover Up How Bad Things Are

BEST ARTICLE ON THIS HORRENDOUS SUBJECT.
Washington continues to wear their rose colored glasses while they
fill their pockets and their cronies' pockets with lobbyists' "gifts".
MORE GOVERNMENT REALLY MEANS NO GOVERNMENT.

Highly Ambitious Bankers Should Steer Clear of BofA

Are you serious? Lewis is a major player in bringing about the economic meltdown in fall of 2008. Bonuses and compensation
MUST be tied to performance and profits. He is leaving with $70 million (you state) when he should be under in depth investigation for his part in the derivative and ML debacle. Most corporate insiders have long ignored the stockholders for their own greed and power. Unfortunately, the government, regulators, examiners, SEC, and mainly the crony directors have all been part of the problem.by looking the other way.

7 Things Goldman Can Do with Its Money Instead of Fat Bonuses

Who says logic and fairness must be applied? Simply consider the company's hoarding for "treasury stock", government connections, and prior stingy bonus practices, and we know what will happen to any
extra cash.

Largest Gold Reserves by Country

David Fry on 9/26/09 wrote in respect to the US gold reserves, "it's
said the US has leased-out much of its gold reserves".
AS the Fed and Treasury are no longer providing gold reserves data and haven't for some time, does this come as any surprise?
Government has yet to prove its worthiness or trust of the people and under the present ruling politicians, the lights have become dimmer.

Largest Gold Reserves by Country

SEC needs to investigate GLD suggests "TripleG" above. SEC is so ineffective on all other "investigations, regulations and rules", why waste more taxpayer money. SEC has gallons of whitewash yet to use on any/all future "investigations.

Lehman's Failure: Did Paulson and Bernanke Lie?

Is this confirming that Goldman and alumni are only promoting their
plan and are at the top of this whole "X?O?X@?+#@ situation"?