Has the SEC Changed the Culture of Wall Street? [View article]
We all know what the trader ethic is. It has no place in the origination process. There is a big difference between underwriting by filling a book and underwriting by setting up a hedge in the opposite direction.
This goes right to the crux of the conflict problem on Wall Street.
Why Goldman Sachs May End in a Lehman Style Collapse [View article]
You make an interesting case. Clearly, the reputational hit alone is going to create lots of pressure. You better believe lots of people are plotting shorting strategies on Goldman.
Four Reasons Why Thomas Friedman's Line of Reasoning on Goldman Sachs Is Flawed [View article]
Goldman worked very hard to position itself as the John Dillenger of the Wall Street crowd. Their tone deaf aura of self importance, lack of appreciation, idiotic divine metaphors and hollow philanthropic jestures helped earn their position of Wall Street punch bag.
Why don't you ask a more intriguing question: Why is it that Goldman's CEO is still CEO? He presided over a near train wreck and then worked hard to tarnish their brand in the eyes of the public.
Guys like Friedman, Taibbi etc., perform a great public service by drawing attention to an institution that has damaged this country on such a grand scale.
Who gives a rats ass about the French banks. The French are experts at sucking us dry.
Questions Remain on Goldman Sachs / AIG Bailout [View article]
GEITHNER GOT RUN OVER BY A REINDEER (GRANDMA GOT RUN OVER BY A REINDEER, Randy Brooks) WilliamBanzai7
Chorus: Geithner got run over by a bailout reindeer Walking home from the White House Christmas Eve. You might say there's no such thing as public outrage, But as for Barack, Dodd and Barney, they believe.
Verse:
He'd been drinkin' too much Wall Street eggnog, So its best he had to go. But he wrote a silly proposal full of regulatory flim flam Defiant as he was, he said real Wall Street reform?, "Hell, no!"
When they found him Christmas morning', At the scene of the attack, There was a note stuck to his forehead It said, "Just get us all our bail out dollars back!"
(Repeat Chorus)
Now we're all so proud of Jamie Dimon, He runs JP Morgan Bank just so well. See him in there watchin' Goldman's PR Hell, Drinkin beer and playin' cards like a banker who thinks he doesn't smell.
It's not Wall Street Christmas without Geithner No free bailout toasters, no one to block the Glass Steagall Act And we just can't help but wonder Can Obama bomb Osama with FWMD in a sneak attack?
(Repeat Chorus)
Now the SIGTARP report is on the table And it shows how Goldman's Blankfein danced his bailout jig. And just how badly Geithner's NY Fed got gang banged By the Goldman/AIG bailout drilling rig.
Better warn all your Congressmen and politician neighbors Better watch out for yourselves! They should be putting Wall Street hacks in Treasury After being schtupped by Goldman Sachs and AIG!
Goldman Tries to Combat Its Bad Image [View article]
GOLDMAN GRINCH (You're a Mean One Mr. Grinch) WilliamBanzai7
You're a mean bank, Goldman Grinch. You really add a new dimension to the words "filch and steal". You're as cuddly as a subprime cactus, You're as slippery as Bernie the ponzi eel. Goldman Grinch.
You're a rotten bunch of overpaid Wall Street bananas And you're apparently just "too big to fail".
You're a monster, Goldman Grinch. Your heart's a gelt blackhole as big as AIG. Your brain is full of "ferkakdeh" derivative spiders, You've got TARP garlic in your "fershtinkiner" souls. Goldman Grinch.
I wouldn't touch you, with a thirty-nine-and-a-half foot bailout pole.
You're a vile one, Goldman Grinch. You have ponzi termites in your trading style. You have all the tender sincerity of a typical "filching" Wall Street "shnorrer", Goldman Grinch,
Given a choice of liking you, I'd sooner drink bottled Hudson River water!
You're a foul bank, Goldman Grinch. You're a nest of stinky, swindling pinstriped skunks. Your underwriting book is full of unwashed schlock Your soul is full of subprime gunk. Goldman Grinch.
The three words that best describe you are as follows, and I quote, "Schlemiel, Schtup, Shtunk"!
You're a rotter, Goldman Grinch. You're the kings of Wall Street scheming "dreck", Your heart's a rotten "gefilte" repo splotched with moldy bailout spots, Goldman Grinch,
Your trading book is an appalling dung heap overflowing with the most disgraceful assortment of quantitative "chazere" rubbish imaginable mangled up in tangled "kishka" knots!
You nauseate me, Goldman Grinch, You're a nest of nauseous Wall Street "momzers!", You're a bunch of crooked trading "schlocksters" and you run a vile "shandhoiz", Goldman Grinch,
You're a triple decker synthetic CDO toadstool sandwich with arsenic Wall Street bailout sauce!
Every time I look at you in disgust I don't understand Why we let Wall Street just get so out of hand. You could'nt have managed better if you'd had it planned. Why'd you choose to sink AIG in derivative quick sand? If you'd come today you would be lynched by a whole nation. The result of your insatiable greed would be mass extermination. Don't you get me wrong. I only want to know.
CHOIR
Goldman Sachs, Goldman Sachs, Who are you? What have you sacrificed? Goldman Sachs Bailout Super Stars, Do you really believe you're what you say you are?
VOICE OF ADAM SMITH JR.
Tell me what you think about your former friends at the top. Who'd you think besides yourselves's the pick of the subprime crop? Lehman, was that where it was at? They are not where you are now? Could Bear have found use for Bernanke's magic mountain, or was that just bad PR? Did you mean to go like that? Was it a mistake, or Certainly you know your messy death would have been a record Wall Street breaker? Don't you get me wrong. I only want to know.
CHOIR
Goldman Sachs, Goldman Sachs, Who are you? What have you sacrificed? Goldman Sachs Bailout Super Stars, Just who the Hell do you think you are?
May the Lloyd Be with You: Blankfein Doing 'God's Work'? [View article]
" 'For whosoever hath, to him shall be given, and he shall have more abundance: but whosoever hath not, from him shall be taken away, even that he hath'.
This passage of course refers to the acquisition of more knowledge of the truth as theologians tell us; but the Money Kings of Wall Street like to give its interpretation a little twist in their favor, and say that it refers to the acquisition of more greenbacks, by the big fellows from the little ones.
In fact this class of people appear to hold the opinion that if they would succeed in anything questionable or crooked, there is nothing like misinterpreting the scriptures their own way, so as to apparently justify them in their rascality before the public.
The connection of such men with churches...has done more to spread infidelity and cast ridicule upon the good cause of the church than almost anything else.
The success of this class of gamblers has an influence for evil upon the business world that is little realize, success through their methods being a contradiction to the good old business maxim that 'Honesty is the best policy' and a travesty upon it."
Has the SEC Changed the Culture of Wall Street? [View article]
This goes right to the crux of the conflict problem on Wall Street.
Why Goldman Sachs May End in a Lehman Style Collapse [View article]
Goldman Pushed AIG to the Edge [View article]
Four Reasons Why Thomas Friedman's Line of Reasoning on Goldman Sachs Is Flawed [View article]
Why don't you ask a more intriguing question: Why is it that Goldman's CEO is still CEO? He presided over a near train wreck and then worked hard to tarnish their brand in the eyes of the public.
Guys like Friedman, Taibbi etc., perform a great public service by drawing attention to an institution that has damaged this country on such a grand scale.
Who gives a rats ass about the French banks. The French are experts at sucking us dry.
The New York Times and Goldman Sachs [View article]
Questions Remain on Goldman Sachs / AIG Bailout [View article]
(GRANDMA GOT RUN OVER BY A REINDEER, Randy Brooks)
WilliamBanzai7
Chorus: Geithner got run over by a bailout reindeer
Walking home from the White House Christmas Eve.
You might say there's no such thing as public outrage,
But as for Barack, Dodd and Barney, they believe.
Verse:
He'd been drinkin' too much Wall Street eggnog,
So its best he had to go.
But he wrote a silly proposal full of regulatory flim flam
Defiant as he was, he said real Wall Street reform?, "Hell, no!"
When they found him Christmas morning',
At the scene of the attack,
There was a note stuck to his forehead
It said, "Just get us all our bail out dollars back!"
(Repeat Chorus)
Now we're all so proud of Jamie Dimon,
He runs JP Morgan Bank just so well.
See him in there watchin' Goldman's PR Hell,
Drinkin beer and playin' cards like a banker who thinks he doesn't smell.
It's not Wall Street Christmas without Geithner
No free bailout toasters, no one to block the Glass Steagall Act
And we just can't help but wonder
Can Obama bomb Osama with FWMD in a sneak attack?
(Repeat Chorus)
Now the SIGTARP report is on the table
And it shows how Goldman's Blankfein danced his bailout jig.
And just how badly Geithner's NY Fed got gang banged
By the Goldman/AIG bailout drilling rig.
Better warn all your Congressmen and politician neighbors
Better watch out for yourselves!
They should be putting Wall Street hacks in Treasury
After being schtupped by Goldman Sachs and AIG!
AIG Bailout: A Goldman Rescue in Drag? [View article]
Goldman Tries to Combat Its Bad Image [View article]
(You're a Mean One Mr. Grinch)
WilliamBanzai7
You're a mean bank, Goldman Grinch.
You really add a new dimension to the words "filch and steal".
You're as cuddly as a subprime cactus,
You're as slippery as Bernie the ponzi eel.
Goldman Grinch.
You're a rotten bunch of overpaid Wall Street bananas
And you're apparently just "too big to fail".
You're a monster, Goldman Grinch.
Your heart's a gelt blackhole as big as AIG.
Your brain is full of "ferkakdeh" derivative spiders,
You've got TARP garlic in your "fershtinkiner" souls.
Goldman Grinch.
I wouldn't touch you, with a
thirty-nine-and-a-half foot bailout pole.
You're a vile one, Goldman Grinch.
You have ponzi termites in your trading style.
You have all the tender sincerity of a typical "filching" Wall Street "shnorrer", Goldman Grinch,
Given a choice of liking you, I'd sooner drink bottled Hudson River water!
You're a foul bank, Goldman Grinch.
You're a nest of stinky, swindling pinstriped skunks.
Your underwriting book is full of unwashed schlock
Your soul is full of subprime gunk.
Goldman Grinch.
The three words that best describe you are as follows, and I quote,
"Schlemiel, Schtup, Shtunk"!
You're a rotter, Goldman Grinch.
You're the kings of Wall Street scheming "dreck",
Your heart's a rotten "gefilte" repo splotched with moldy bailout spots, Goldman Grinch,
Your trading book is an appalling dung heap overflowing with the most disgraceful
assortment of quantitative "chazere" rubbish imaginable mangled up in tangled "kishka" knots!
You nauseate me, Goldman Grinch,
You're a nest of nauseous Wall Street "momzers!",
You're a bunch of crooked trading "schlocksters" and you run a vile "shandhoiz", Goldman Grinch,
You're a triple decker synthetic CDO toadstool sandwich with arsenic Wall Street bailout sauce!
Wall Street's Corruption and Lawlessness: Don't Blame Capitalism [View article]
Seriously.
And I am not a soocialist or a communist.
May the Lloyd Be with You: Blankfein Doing 'God's Work'? [View article]
(Jesus Christ Superstar)
WilliamBanzai7
Sing along: www.youtube.com/watch?...
VOICE OF ADAM SMITH JR.
Every time I look at you in disgust I don't understand
Why we let Wall Street just get so out of hand.
You could'nt have managed better if you'd had it planned.
Why'd you choose to sink AIG in derivative quick sand?
If you'd come today you would be lynched by a whole nation.
The result of your insatiable greed would be mass extermination.
Don't you get me wrong.
I only want to know.
CHOIR
Goldman Sachs, Goldman Sachs,
Who are you? What have you sacrificed?
Goldman Sachs Bailout Super Stars,
Do you really believe you're what you say you are?
VOICE OF ADAM SMITH JR.
Tell me what you think about your former friends at the top.
Who'd you think besides yourselves's the pick of the subprime crop?
Lehman, was that where it was at? They are not where you are now?
Could Bear have found use for Bernanke's magic mountain, or was that just bad PR?
Did you mean to go like that? Was it a mistake, or
Certainly you know your messy death would have been a record Wall Street breaker?
Don't you get me wrong.
I only want to know.
CHOIR
Goldman Sachs, Goldman Sachs,
Who are you? What have you sacrificed?
Goldman Sachs Bailout Super Stars,
Just who the Hell do you think you are?
May the Lloyd Be with You: Blankfein Doing 'God's Work'? [View article]
This passage of course refers to the acquisition of more knowledge of the truth as theologians tell us; but the Money Kings of Wall Street like to give its interpretation a little twist in their favor, and say that it refers to the acquisition of more greenbacks, by the big fellows from the little ones.
In fact this class of people appear to hold the opinion that if they would succeed in anything questionable or crooked, there is nothing like misinterpreting the scriptures their own way, so as to apparently justify them in their rascality before the public.
The connection of such men with churches...has done more to spread infidelity and cast ridicule upon the good cause of the church than almost anything else.
The success of this class of gamblers has an influence for evil upon the business world that is little realize, success through their methods being a contradiction to the good old business maxim that 'Honesty is the best policy' and a travesty upon it."
FRANKLIN KEYES ESQ. 1901
David Einhorn: Break Up Too Big to Fail Institutions [View article]
Hands Off Goldman Bonuses [View article]
www.youtube.com/watch?...
Hands Off Goldman Bonuses [View article]
www.youtube.com/watch?...
The Secret Paulson-Goldman Meeting [View article]
www.youtube.com/watch?...