proactivetrader

Was the AIG Bailout a Goldman Bailout by Proxy?

A few freudian skips and not a little GS spin in the article's conclusion and in some of the comments. Let's not skip the utter hubris of the current allocation for GS bonuses when the fact is GS should have gone the way of Lehman if it were not for GS alumni in gov't. GS alumni should now be lepers and all of them dismissed from gov't service. One comment completely misses the point of the Bubbles article. GS created the bubble, knew, did not guess, that the bubble they created would blow. And then hedged against the bubble they created and made money on the fraud and then on the crash. Now GS is busy creating the next bubble. This GS culture must be destroyed. The fed and treasury has to break up GS before they go private again. Further GS is in a regulated industry and is not and should not have the rights of other corporations that are not in a regulated industry. We need and Enron investigation of GS to prove and prosecute the fraud involved. I am sure they are already busy destroying emails.