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Dylan Ratigan Elaborates On Hostage Crisis, Fortune's Andrew Serwer Joins Anti Goldman Crusade
Dylan Ratigan shares some follow up thoughts on his article posted yesterday.
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In the meantime, the vampire squid gets one more fan, this time in the face of Fortune Magazine managing editor Andrew Serwer.
SERWER: I mean, it's amazing to me that as we recover, you know, come out of this financial crisis, you know, you'd expect a company like Goldman Sachs maybe things are improving, make a little money. But they have a record quarter. In other words, they made more money in this three month period than they ever had in any other--
SCARBOROUGH: [archly] But they just made some good guesses, right?
SERWER: Well, I don't know if it's okay or not, but I think what happened is that the government has telegraphed to Wall Street, not only Goldman Sachs but the other firms what it was doing, what was going on, what the program was, and so, essentially, it's like telling a Goldman Sachs, "Hey, put your money on 32 Black" at the casino, at the roulette wheel. And the thing spins and lo and behold, where does it end up, Joe?
SCARBOROUGH: 32 Black?
SERWER: 32 Black.
Full video on HuffPo
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Now that everyone has identified the GS problem, what are some solutions?
Go old school Constitutional: pull their charter and Santa Clara v. Southern Pacific be damned, since that was a scam, too.
Total dissolution of the federal government by the states.
Is there a constitional mechanism to do this?
Yea, enforce the 10th amendment.
It was implied that the states could leave the union at any time, but the war between the states nullified this option.
The Federal Government turns out to be just like Hotel California: You can check in any time you like, but you can never leave.
(Despite what the fine print said on the way in).
actually there is
for 3 states
NY NH VA
all 3 reserved the right to secede in their ratification agreements of the constitutional convention. 5 minutes with google will give you an interesting forgotten history lesson.
i believe at least for NY, at least 2/3rd of the state legislature has to ratify the secession. so if you're in one of those 3 states, best to focus your attention on the state level with politics (that is, if you have any stomach for the cheesiness...we don't unfortunately)
and no the civil war did not negate any of those 3 states' rights as we understand it.
they should have been allowed to fail one year ago. now they exist under false pretense and have even more of their respective market share. this is modern day organised crime. so today's solution. force them to their bank charter, cap their leverage significantly increase their cost of money, and that should help us see how good they are.
then the talent can disband and form their own hedge funds risking opm not taxpayer's. yet they already paid that back.
Take away their status as a bank holding company and access to the discount window would be a good start.
Now THAT would be something. Pretty sure 32 on a roulette wheel is always RED. Damn, those Squid are good.
I find it especially interesting as soon as someone makes some valid powerful points, it's turned into a big running joke. Yes they stay on message, but the obvious discomfort with the directness is a testament to American M$M...
You institute an orderly breakup of every company deemed too big to fail.
Any why not JP Morgan?
Seriously. JPM gets the kid glove treatment, while they are screwing average Americans about a thousand times worse than GS.
Bingo. TheBamster gave Jamie Dimon a red phone. Actually, it was vice versa.
Because Jamie Dimon is that man that saved wall street. Jamie is the master of public relations. And because he is good looking (seriously that matters - halo effect).
Hahahaha: Saved WS, his company under his leadership created CDO's. Just cause he got cold feet about their ultimate destruction and had everybody dump everything does not make him the "saviour"....JPM owns a large block of media....and he who pay's picks the music...;-)
I was being facetious, with respect to his saving Wall Street. It was a Newsweek article: The Banker Who Saved Wall Street
http://www.newsweek.com/id/215177/output/print
And he definitely picks the music.
LOL...Newsweek is the equivalent of Star Mag...Jaime is short and petty...;-))
i don't know about CDOs but CDS were created back in 1992 in a Florida resort by a couple of young JPM employees while enjoying the standard WS weekend package; whores and blow + maybe a midget and some horse tranquilizers.
I stand corrected, CDS were created by a group of JPM employees at the Breakers in Palm Beach. my typo...I suffered a broken leg, I was twisted and crashed my golf cart.
I think Milken & Drexel receives some credit for the CDO technology...back then (late '80s) it was strictly corporate bonds (high yield, junk, spec)
The asset-backed / MBS CDO machinery kicked in during mid-1990s, i think
well, since grande dame blythe masters was involved in the creation, you can bet that there were also a couple gimps about on toenail painting and crossdressing duty...
You were there too! lol
actually mistress masters has us on speed dial for everytime her boss needs to take it up the rump (which is often).
...and we are always oh so happy to oblige...
signed,
jamiedimonsmybitch.com
actually mistress masters has us on speed dial for everytime her boss needs to take it up the rump (which is often).
...and we are always oh so happy to oblige...
signed,
jamiedimonsmybitch.com
......did that really bear repeating ?.........
I knew when he left fast money he had enough of it figured out.
THIS LAND IS YOUR LANDwords and music by Woody Guthrie
Chorus:
This land is your land, this land is my land
From California, to the New York Island
From the redwood forest, to the gulf stream waters
This land was made for you and me
As I was walking a ribbon of highway
I saw above me an endless skyway
I saw below me a golden valley
This land was made for you and me
Chorus
I've roamed and rambled and I've followed my footsteps
To the sparkling sands of her diamond deserts
And all around me a voice was sounding
This land was made for you and me
Chorus
The sun comes shining as I was strolling
The wheat fields waving and the dust clouds rolling
The fog was lifting a voice come chanting
This land was made for you and me
Chorus
As I was walkin' - I saw a sign there
And that sign said - no tress passin'
But on the other side .... it didn't say nothin!
Now that side was made for you and me!
Chorus
In the squares of the city - In the shadow of the steeple
Near the relief office - I see my people
And some are grumblin' and some are wonderin'
If this land's still made for you and me.
Chorus (2x)
©1956 (renewed 1984), 1958 (renewed 1986) and 1970 TRO-Ludlow Music, Inc. (
BMI) Funny how things get dark at the end of poetry.
It's really very simple.
Remember, WS is a Casino. IF you are a Golden Scam
trader at the poker table, thanks to HFT you are sitting
next to the dealer and you get to see all the other players'
cards BEFORE you place your bet. Hard to lose that way.
If you are merely playing roulette, the TreasurERRR- I mean
"Croupier" has already told you to place today's VAR
on "Black 32".
Gee, isn't it just STRANGE how that number JUST HAPPENED to come up?
Goldman Scam - the next Enron.
something is not right; all you regulars know where i stand when it comes to the current state of affairs; but this just doesn't smell right. Why the sudden change of heart when it comes to WS, why the sudden and highly concentrated effort from the MSM to " expose " them. Why all of the sudden such a big fuss from the major MSM outlets. Distraction, my friends, i don't know what should, or where should, we look at; but we are looking at the wrong thing right know. Something is cooking somewhere that someone doesn't want the majority to know. I'm HIGHLY suspicious about all this; but hey if it comes to the guillotine and/or gallows part; i would probably pay some big money to be the one who would pull the leaver under those mofos.
I am suspicious as well; it all looks like a desperate attempt to channel the anger and frustration of J6P. Maybe a distraction as well.
Remember Obamas message to the banks about no more bailouts?
http://www.politicsdaily.com/2009/09/14/obama-tells-wall-street-bail-out-days-are-over-five-points-to/
He knows what is going on now. The writing is on the wall and his credibility is shot because of the first bailout. This shitmobile is heading off a cliff. They are changing tactics because they can no longer afford to defend the indefensible. There just isn't enough money. He now needs public support. And MSM may have to deliver. Could be somthing to do with the second wave of CRE defaults coming but I think it's bigger. Much bigger $500 Trillion of otc swaps that The Bank for International Settlements in Basel has been warning about. Since the global economy is a mere 60 Trillion... The end game is starting.
Course I have been wrong before...
Seems pretty spot on for me. When politicians start to aggressively assign blame and take credit (esp at the same time) something is up.
I have much respect for the office of the President, but i am sorry to say, that i have reached the overdone point when it comes to listening to any of Obama's words--he has lied too many times to believe anything he says...sorry but it is just the truth.
AND, i think that both Obama and Geithner, had a brief, three week period, where they were learning the FULL MONTY TRUTH of the way the privately held Federal Reserve machine runs, and during that time, we, and the whole world, were waiting to see if they would decry the Paulson/Bernake bankheist...sadly weeks passed and they didnt--they came out in full support of the paulson/bernake bailoutheistbonanza...that same week, China gave their warning to the US to be careful with their investments, and the United Nations announced that they would make a recommendation at their next meeting that the world move away from the US$ as the world currency...
UP until that fateful day, the world kept hope that Obama wasn't corrupt, but, when he went along with the biggest bank heist of all time, there was no denying the fact that he too had been purchased by the fed machine.
IT is such theater to say, "no more bailouts" ...after 23TRILLION has been put on the line to back the mistakes of this corrupt monster machine we call the Federal Reserve, it is all just a very sad joke on us...the only thing we have left to help give our country back it's good name, is to at least name this crime, and prosecute the criminals properly.
CB: Let's stage a worst case scenario. Cuomo indicts, Bernanke, Paulson and Lewis. Obama throws Benanke under the bus and installs Summers, Paulson shares a cell with Madoff and Lewis rats on Everybody.
http://www.youtube.com/watch?v=MrTsuvykUZk
i swear to you, they will buy some minor pacific state like Kiribati or French Polynesia and transfer their wealth into Swiss, secure logistics and crush the entire thing so that the world would not only get back into the Dark Ages, but somewhere in the pre-paleolithic period. And you know who wins then? The people who are used to live in caves; a little hint; you're military is there for almost 8 yrs without clear victory; and no; its no a game like Iraq; Afghans are the real deal; the descendants of the warriors and used to war, death and yes you guessed it CAVES.
CB: I would like to take our dance off line. How do I reach you?
off-line ? you mean the no-internet reality ? haven't been there for ages ( kidding ). Reach me ? You would probably locate Jimmy Hoffa before reaching me. And what do you mean dance ?
Oh, and slightly off topic. I've been talking to a senior manager in Banco Santander last weekend in Monza, and i asked him about how they are doing, and they guy was a bit drunk and he told me, that basically they're in such a good mood they plan some acquisitions in the Q1 and Q2 of '10 and that the only thing that's keeping them from not doing so right now is the PE of the institutions they try to take over. Also, he said, the next leg down is when they're gonna make their move. So, plan accordingly.
ROTFLMAO...The greatest liars in the world, are juiced banksters!!!
CB, that was a very smooth invitation you ignored.......methinks your contributions have stirred someone's "interest".......(and I don't mean romantic)
"Afghans are the real deal'
Agree completely. Have experience wif both Iraqi's and Afghani's and the Afghani's are hard as nails, murderous, treacherous, cold hearted sonsabitches. They were born into pain. . .
shit man, they got war in their genes the same way European royalty has incest and the Bush family has retardation. They've been fighting non-stop for almost 2 millennia. If the managed to take down the USSR shooting RPGs of the back off donkeys i really don't see a problem.
They managed to take down USSR because Charlie Wilson provided the arms and technology...;-)
. . .and let us not forget the savage beating they gave the British, several times, during the Great Game
LOL..the British got slapped by everybody, including some sheep in Argentina..lol
I think someone needs to find a british sailor and yell EXOCET MISSLE just to watch him shat his pants.
Gotta love the French for delivering them to the Junta just in time for the shooting to start.
Hah, Afghans...I wear 'em to breakfast.
+100000000 for the Bush remark.......
I agree. Even the limp-wristed WaPo did a Great Depression article today. Even mentioned the dreaded " Pecora Commission " and " Angelides " in the same sentence.
Perhaps FASB/IASB is digging in their heels and plans to reverse the FAS 157 criminal activity. Naw...too far out. The beaner bagmen would be waterboarded into control immediately.
More likely the cub reporters are finally figuring out the sheeple have spotted the MSM as the starving wolf it really is.
Iran and Isreal.
yes; but oddly enough; when you mention that here on ZH you are labeled as anti-semitic nazi sand-nigger loving son of a bitch ( at least i was ). i for one give you + 100000
Is on the radar but on hold.
When it becomes apparent to this administration that there is no way to keep this rocketing shitmobile on the road... then the diversion... and the administrations alibi for the ensuing carnage... will come in the form of an Israeli attack. Thank goodness JPM and GS are loaded to the tits with crude.
This year... not next.
It's possible Goldman lost the kid glove treatment because they are essentially obsolete. They provide nothing to the economy nor is there any demand for IB services, they exist only as a parasitic force.
It's all about the Fed and Treasury, sovereign debt, and currency devaluation now. Every SLP, HFT, hedgefund, and portfolio manager pales in comparison to these two.
And while they may give a headsup now and then to their co-conspirators, make no mistake, they are using the wealth of all the land and its people, including all its mechanisms, to work to their purpose.
Now whether that purpose is compatible with a democratic republic and the health, wealth, and weal of its people, is another question. Whether it is for the greatest good and continuity of our high ideals and institutions is another.
But if not, they can prosper for a season (if they use this power untoward), however eventually they will be cut down, purged root and stock.
From Bangor, Maine to Fond du Luc, WI to Astoria, OR. America may be a tall tree about to be felled.
Now you can get your two (jabs) in one. Don't watch the hand with the wand!
Crises are not caused by malfeasance, ponzis, cronyism - but these become convenient scapegoats in times of crisis.
what are they caused by then?
Per Schumpeter: crises are an adjustment to previous economic change. And, any attempt to stop that adjustment only leads to further imbalances which must eventually be worked out as well.
In this case, IMO, it is the accumulated changes to the economy since the last big D, plus all the imbalances built up in the intervening period as Washington followed its inflationary growth model.
That is about seventy years of unaccounted for economic adjustments - this hasn't even begun.
crises are an adjustment to previous economic change
And the Sun revolves around the Earth and God causes lightning. I mean if we're gonna write bullshit ( i know it's not you who came up with this " fact " ) let's take it up a notch and go from crazy to bat-shit insane.
Rahmbo: never waste a good Crisis? Nothing would surprise me anymore...
Hardly bullshit: Schumpeter accurately predicted the long period of secular inflation, and the ultimate undoing of the reforms of the New Deal which are the immediate precursors to this collapse. He also taught Minsky...
You might also check out Steve Keens over at Debtwatch blog: who draws on Schumpeter, Minsky and Karl Marx to produce some interesting insights into this crisis.
look, i'm all for believing in stochastic ordering rather than deterministic one, but Schumpeter and his structural materialistic/historic dialectic is bordering with the general metaphysics to much for my taste. Class struggle is not Marxs idea but simply a deducted generalization from History. It's a no brainer that the exact opposite will happen than what most believe in; but that is not ingenuity of the messenger, but simply stupidity of the crowd. Also Taleb is somewhere in that category of volatile dialectics preachers. But Marx, unlike Taleb, gave birth to the modern economy. Every economy in this world is a Marxian economy.
Cheeky, I am not sure I get your drift. I am not saying crimes were not committed by people, only that those crimes are not the cause of this crisis. Nor was it caused by industry capture, or deregulation, or any of the causes the media wants to focus on.
i thought we were still on the : " crisis is an adjustment to the previous change " thing. i got slightly technical about that ( sorry ). Crisis do not just pop out of the thin air ( unlike money ) and don't just vanish into thin air ( unlike money ). They are the outcome of several factors; and not one of those factors has anything to do with finances.
OMFG: I know who you are...OMG..
who ? say it; you know i won't deny it or admit it ( the SEC treatment ) but go ahead; try.
He is Chabal, no?
Fractional Reserve banking is an unstable divorcement from reality it always goes nuts. Always has always will. The crisis is baked into pie.
y'all need to read some Armstrong.
Martin that is.
yeah you know the one...
"i got slightly technical about that"
Oh, is that what that was: I thought it was gibberish.
I am not prepared or inclined to engage in philosophical debate. My only point was that real changes taking place in the economy work themselves out through these kinds of crises. And, that criminal behavior is often exposed by this, but are not its cause.
Imbalances always exist, indeed changes always exist so you need to be more specific. From this post I get the impression that the economy works like clockwork like a swiss watch where if you just leave it alone and it turns back to midnight so the whole thing resets and everyone is happy. But if we keep winding it back then the watch could break when it seeks midnight and we get a big doo doo. This is a type of perspective that does not account for the complexity of it all. Sure the thing needs to rest and whatnot but then again, the information gathered during the previous cycle cannot be ignored.
The technological, artistic and cultural progress is a big part of eonomics and sometimes those adjust by themselves.
I understand if you feel that the markets are manipulated. They are, and they always have been. They are not perfect. I am not defending them. They are a human invention and therefore flawed by humans.
good articles; good articles 4 slow news day ..http://www..
hat tip: finance news & finance opinions
Mirrors.
And Alcohol.
And a hardy helping of Ayahuasca.
Why can't I see Goldman?
ooh, nicely done!
Everyone knows its a fraud, but nothing happens.
Frankly, it's very possible that nothing ever will happen. I watched expectantly for years as it became apparent that the last administration lied directly to Americans over Iraq, covered up torture, fired US Attorneys for not pursuing political cases, perjured themselves before Congress. Surely, once 70% of the public and all the media was aware of these things SOMEONE would pay SOME sort of price, right? You can't just break the law in a "law and order democracy" in front of 300 million people, right? Wrong.
All of this and more happened under the broad daylight of noon in front of the whole nation and nothing ever happened to anybody. Scooter Libby getting wrist slapped was the worst anyone received. And he could still just blame it all on "political enemies."
Here we're talking about complex financial transactions that are easy to obscure. If you can get away with freaking *torture*, you can get away with this no sweat.
Don't doubt for a moment that the entire populace can't see that the sky is blue, and have the media and power elites proclaim it's green and just turn around and walk off, and no one seems to speak of it again.
Exactly what do you suggest, we go out and make political arrests?? How do you fight cancer with asprin?
I'm saying there's nothing we CAN do. If the political power structure and the media decide to give Wall Street a pass, there is nothing we can do. Even if the fraud is as plain as the nose on your face. The media just won't talk about it. Those stating unpopular facts will just get the Ron Paul treatment, labeled as marginal and kooky.
We tend to think that America is, at the end of the day, a good an upright place, with law and order, and surely when something is amiss justice must be done eventually. It's not true. That's what I learned over the last 8 years. You can stare open-mouthed at the TV screen while leaders commit crimes and lie in front of literally everyone in the country... and nothing happens. Nothing.
This is a country where the powerful can steal, conspire to subvert democracy, start war and lock people up on false pretenses. And get away with it. Become rich by it in fact. Become statesmen. Appear on TV to pontificate about issues of the day as if they aren't known criminals.
Maybe they were polling football fans at the Big House after the game Saturday. I do doubt though not too many fans from Detroit made it to Ann Arbor to participate. Judging from the daily carnage being reported in the Detroit papers, the city should be under martial law within the next 6 months.
good articles; good articles 4 slow news day ..http://www..
hat tip: finance news & finance opinions
actually there are some scientific studies (all effectively buried underground of course) that suggest that the best antidote for cancer is baking soda, as it alkalinizes the bhe blood (cancer is created through an over-fermentation withing the cells from processing too much sugar).
and it's cheaper than aspirin
Hey Dylan, if you are reading this, i was "a little birdie" speaking in your ear last fall...thank you for listening, and thank you for keeping up the good fight!
and to ZH friends, sorry for the cryptic message...but, it is just for Dylan.
MSNBC, Huffington et. al. are having a simutaneous and sudden hate on for all things bankster - these media are an extension of President Obama`s White House. Something is up.
Huff loves Taleb, Roubini...hates Geithner and Summers...
Arianna`s latest - like most of her other editorials - President Obama is blameless in all of this; a vicitim, as it were. In his defense she offers up the excuse of well meaning naïvety. So perhaps Dylan and friends are a means of deflecting anger (shared by most right thinking folks of every political stripe) away from President Obama. A type of media induced catharsis. It seems up to this point that the tea party set have been the most vocal and some would say gaining momentum. So maybe the strategy is to redirect teh anger towards Wall Street and away from its political enablers. And don`t forget priority one is health care so this may be the distraction.
http://www.huffingtonpost.com/arianna-huffington/why-obama-wont-be-able-...
Time to get public opinion behind some regulatory changes that the banks won't like. Could be as simple as that.
the fact that such things have entered the dialog of semi mainstream media is a victory. Clearly the war is not won or done so we still have much work to do. But it is a start!!!
In related financial journalism news
http://www.cnbc.com/id/15840232?video=1254391915&play=1
7:27
Carl Onmykneesa: "you talk about forgetting the past, does that mean you're willing to let go of that issue of the payments that went to counterparties?"
Hank "Give Cassano the keys" Greenberg: "no i'm not suggesting that, some good investigative reporter will do that"
I'm quite sure the irony that the "good investigative reporter" in this instance will never come from CNBC and it has been the blogs all over this topic was completely lost on everyone at the desk and that network. Its been said so many times, but CNBC's idea of journalism is asking "what are you buying." No useful info about finance will come from that weak excuse for a "news" outlet.
Funny how the right and the left are meeting at the back end of the circle.....
Did anyone see Mark Williams talking James Carville and Ed Rollins down like the little biatches they are... Not that I watch spokes model Anderson Cooper, I SWEAR I DONT.... It just happened to be on in the background at my mother's house.....
It's all good....
Econolicious
Friends, citizens, countrymen, lend me your ears. I come to bury the free market, not to praise it. The noble Bernanke has said that a free market collapse had to be averted and AIG had to be saved for the sake of Goldman, and the greater good, and if it were so, free markets be damned. For Bernanke is an honorable man. As is Paulson, and Geithner, and Blankfein; all honorable men. They have all said that government knows best, and the market knows not, and have eliminated marked to market rules, for they are honorable men. Free markets would have only destroyed all the bad debts, and brought out private capital to invest in new industries and innovations, sustaining growth for a newly revitalized economy, directing raw materials and labor into viable growth sectors. Yet they say this would have been too painful for those currently in power, and only they can help us. And they are all honorable men. Had deflation taken hold, commodities would drop in price, allowing every day necessities to be readily available, causing savings and the velocity of the existing money supply to pick up (since they are no longer being misallocated), promoting real growth. But they say that this would reduce the demand for credit, and hurt the banks, and they are honorable men. I speak not to disprove these wise and honorable men, but I speak what I do know. I cannot disprove Bernanke's statement that this recession is over, I can only disprove his statements from last year. I cannot pass judgement on record earnings and bonuses at Goldman, since there are many records set this year. Record post WWII unemployment must mean that those that remain employed must sop up the excess cash. Record foreclosures mean Goldman employees must buy larger homes to shelter those less fortunate. My heart is in the coffin with the free market, and I must pause till it comes back to me.
You US people (assuming you live in free democracy) are starting to have quite a track record in pretending to be the infinite leadership of the world spreading democracy all over the world, and keeping control over developing threatening events, so that everyone in the world can feel safe.
Would you like "freedom Fries" with dat?
hallejuiah brother
Interesting article buried a little far down on bloomberg...talking about the "sugar high" of the one-time stimulus as we did back in 2001 and wondering we'll get a similar result this time:
Does anyone besides me remember when on Fast Money a republican from Texas was the guest and was adamently against TARP, and Dylan Ratigan and his fast money liar friends all attacked him and demanded he pass the wallstreet bailout?
WELL I DO. It makes me angry now seeing Dylan act like the truth teller to the people. He was 100% in favor of the Goldman Bailout when it was happening and chastized the republican from texas for daring to be against it.
Check number 70405006 cleared...courtesy of red Calamari...lol
Dylan was a bailout cheerleader, I do remember.
watching BBC news just now - its high fives all around for the economy - so now with the media (and coincidentally Benny earlier today) claiming victory - what better time to have some hacks express false outrage to diffuse some of the anger
I'm gonna look at it from a postive angle. He got new info, changed his opinions. That is all you can really ask from a person, critical thinking that is.
By the way, I'm guessing at his current rate it won't be long until he is fired from MSNBC/GE.
With the media so corrupted, I hesitate to extend the benefit of doubt to any of them, like CB is saying, this isn't smelling right. If it is indeed Fascist media then we can expect a GS hate train followed by a swift takeover by US "authorities", maybe Blackwater. We won't know until it's over.
Let's see if GS can digest C; the 'good' bank only, of course.
"We're so sorry Mr. Taxpayer. We took your loan and used it to game the markets in our favor. It's time for ethics and neighborly love. Let's say we take C and all it's taxpayer debt off your hands for $8 a share. Will we be even steven then? Pretty please."
I don't think they'll digest it, just run it by proxy by installing a GS guy, I think they are pissed that Thain got the bounce and Ken Lewis is on the ropes because of it.
Really? I definitely remember Macke calling Shelby Boss Hog and lamenting the fact that he wasn't rolling directly over and passing it. I thought Ratigan was a little more skeptical from the get go but I that may be wrong.
Go old school Constitutional: pull their charter and Santa Clara v. Southern Pacific be damned, since that was a scam, too.
good articles; good articles 4 slow news day ..http://www..
hat tip: finance news & finance opinions
Marla or Tyler: this T0gn (above) is posting that damned iamned SPAM again! What an idiot. Doesn't he know we despise his sort here? Please kick him off.
Crap, I knew I shouldn't have put the mortgage money on 31 Red.
This hostage decided to fight back by maxing the plastic of my TBTF BAC card followed by refusal to pay until Ken Lewis is in jail. After hearing my intentions they've already offered to take a 50% haircut on the outstanding balance. I'm standing firm, and no outstanding balances will be paid until I see perp walks.
Would I do this if I owed an actual person real money? No! But I have no respect for Bernanke's keystroke spawned fraud dollars. If more people join this protest we can bring the crooks to their knees.
The most Ken Lewis will get is a golden parachute. Maybe you can give him a golden shower from the balcony at the MET.
What's the solution? Wasn't it Karl Marx who said that a gun is a weapon with a taxpayer on one end and a banker on the other?
Hunting season. No limits.
When the Fed bailed out AIG, in order to bail out Goldman, the writing was on the wall. Every Tom, Dick and Harry with a dollar to spare should have invested everything on GS as it was clear then that the Gov would not let them suffer.
That old saying, 'never bet against the Fed' should be amended to, 'never bet against Goldman's Fed' because the Fed/Gov will do everything in their power to protect the Mother Ship.
P.S. Obama's speech was a riot the other day. He might as well have given it from the GS boardroom with the GS flag flying behind. If anyone believes that GS in not taped in from the inside to insure they remain two steps ahead of ANY legislation then I have a defunct B. Stearns to sell you. The likes of Barney Frank will not lift a fingernail until GS tells him to.
All this railing is comical to say the least. If the bugger was truly serious he would not write a headline grabbing diatribe and play to the gallery.
The sod is a journalist or so he claims. So he should go and do what journalists do, the credible and honest ones. Provide factual content. Establish linkages and then prove that indeed there has been culpable wrong doing.
As for as I can infer the wanker is just playing to the gallery given the outrage he senses in the public mood.
There is an interesting comment on the Business Insider version of Dylan's HuffPo article, mentioning Goldman Sachs being dissatisfied with the level of police protection NYC is proposing to offer its new HQ complex at Ground Zero -- NY Post article here:
http://www.nypost.com/p/news/local/manhattan/city_to_unsafe_sachs_pay_fo...
The funniest part: "As part of the deal, Goldman would be in line for a $320 million payout if the [$2.4B] building is not ready by 2010 because of a failure to complete the security plan or road projects."
Hat tip:"hmmm..I wonder
why they are 'concerned'."
http://www.businessinsider.com/americans-have-been-taken-hostage-2009-9#...
Actually, 32 is RED