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paulsjj » Comments » GS

  • The Virtue of the Republic  [View article]
    Washington: "The House of Games"...The bail-out in all of its forms: "The Big Knockover" (Ref. Dashiel Hammet).
    May 18 08:45 am |Rating: +4 0 |Link to Comment
  • How Much of the Banks' Earnings Are Real?  [View article]
    Banks have a license to make money through the fractional reserve system. The only reason they fail is for over-reaching (excess leverage), assets that aren't assets, billions of $ off the balance sheet, and fraud.
    May 04 09:00 am |Rating: +1 0 |Link to Comment
  • Geithner's Plan Is a Waste of Time [View article]
    I have a problem with the Treasury using the FDIC to underwright the PIPP market which is totaly speculative. The FDIC is supposed to guarantee the citizens savings deposits in banks nor do speculation. They only have about 18 billion in funds right now.
    Mar 31 08:39 am |Rating: 0 0 |Link to Comment
  • The Common Refrain, To Our Detriment [View article]
    "To Big to Fail" and "Boom, Bust, Bailout". If your big and you know that your going to get bailed out you can leverage your investors and customers assets to the hilt: 30-60/1, walk away with a fortune, and leave the mess to ignorant politicians who will make it worse.
    Mar 23 09:03 am |Rating: +3 0 |Link to Comment
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