Archive - Apr 17, 2010 - Blog entry
The End is Nigh: How Goldman Sachs Triggered the Apocalypse
Submitted by Benjamin N. Dover III on 04/17/2010 17:22 -0500Don't be Left Behind.
ECB: "Has the Financial Sector Grown Too Big?"
Submitted by Chopshop on 04/17/2010 15:33 -0500" in 2007 the liabilities of Barclays exceeded the UK’s GDP, the liabilities of Deutsche Bank stood at 80% of Germany’s GDP, and the liabilities of Fortis were several times larger than the GDP of its home country, Belgium ... such financial institutions may not just be “too big to fail”, but in fact “too big to exist” ... It was irrational to let Lehman Brothers fail, but it happened. Those who bet on that failure earned a substantial amount of money. So why not bet on a possible irrationality of European decision-making? "
Gold: Euro, China and Goldman Sachs
Submitted by asiablues on 04/17/2010 15:08 -0500Although it would seem that the Goldman-linked SEC case single-handedly killed the price of gold, it was only a catalyst to a technical correction that was overdue. Furthermore, gold’s long term outlook is further solidified by a couple of new “China factors.”
After Getting Bailed Out By American Taxpayers, General Electric Pays Zero U.S. Taxes, Pretending that All of Its Profits are Overseas
Submitted by George Washington on 04/17/2010 02:39 -0500But they DO provide great comic relief at CNBC ...
The Goldman Thing
Submitted by Econophile on 04/17/2010 02:18 -0500The SEC is the Administration's hit squad to find a capitalist to scapegoat for the Great Recession. The found one in Goldman Sachs, the arch-capitalist of our time.
Goldman Sacked?
Submitted by George Washington on 04/17/2010 01:00 -0500Is someone finally standing up to the vampire squids of the world?
Or is this yet another p.r. stunt, where deals will be cut, a few low-level patsies will be convicted, and business as usual will continue?
Only time will tell ...
