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Jon Stewart Takes On Goldman Sachs

Tyler Durden's picture




Jon Stewart, Paul Krugman... seems like the Mainstream Media is really catching on.

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Fri, 07/17/2009 - 09:26 | Link to Comment Anonymous
Fri, 07/17/2009 - 21:27 | Link to Comment Anonymous
Fri, 07/17/2009 - 09:28 | Link to Comment Anonymous
Fri, 07/17/2009 - 11:27 | Link to Comment MarkD
MarkD's picture

Bingo !!! For some strange reason we seem to forget who is gonna have to pay for the stuff we don't want to pay for.

 

It looks like GS, with all the meany press out there, will need to create a new corp where the thugs can run to and let GS fold.........after they short it of course. And Kudlow can proclaim "we got the bad guys".

 

Fri, 07/17/2009 - 12:45 | Link to Comment crazyjerrygarcialover (not verified)
Fri, 07/17/2009 - 09:32 | Link to Comment Anonymous
Fri, 07/17/2009 - 09:42 | Link to Comment Anonymous
Fri, 07/17/2009 - 12:46 | Link to Comment crazyjerrygarcialover (not verified)
Fri, 07/17/2009 - 09:47 | Link to Comment Dixie Normous
Dixie Normous's picture

1)  It never gets tiresome.

2) What should the news of the day be?  Housing starts? 

Fri, 07/17/2009 - 10:25 | Link to Comment Miles Kendig
Miles Kendig's picture

yawn...  Want a little less of what is news look to CNBC.. 

Fri, 07/17/2009 - 10:52 | Link to Comment joann
joann's picture

@#8590:  Nope, it's like GS is that damn nasty dog that keeps biting my leg when running down the street, keeps craping on my lawn, everyone knows eventually where it will end, if there is no discipline..

Fri, 07/17/2009 - 10:52 | Link to Comment ptoemmes
ptoemmes's picture

Then you are really not going to like this: http://trueslant.com/matttaibbi/2009/07/16/on-goldmans-giganto-profits/

 

"

So what’s wrong with Goldman posting $3.44 billion in second-quarter profits, what’s wrong with the company so far earmarking $11.4 billion in compensation for its employees? What’s wrong is that this is not free-market earnings but an almost pure state subsidy.

"

 

Pete

 

Fri, 07/17/2009 - 09:33 | Link to Comment Anonymous
Fri, 07/17/2009 - 09:34 | Link to Comment Anonymous
Fri, 07/17/2009 - 09:34 | Link to Comment Anonymous
Fri, 07/17/2009 - 09:35 | Link to Comment Anonymous
Fri, 07/17/2009 - 09:37 | Link to Comment Anonymous
Fri, 07/17/2009 - 09:44 | Link to Comment Anonymous
Fri, 07/17/2009 - 09:45 | Link to Comment Anonymous
Fri, 07/17/2009 - 09:48 | Link to Comment Dixie Normous
Dixie Normous's picture

Was that just on Bllomberg?  I thought I heard it out of context.

Fri, 07/17/2009 - 09:51 | Link to Comment Anonymous
Fri, 07/17/2009 - 10:01 | Link to Comment Anonymous
Fri, 07/17/2009 - 10:02 | Link to Comment Anonymous
Fri, 07/17/2009 - 10:04 | Link to Comment Anonymous
Fri, 07/17/2009 - 10:17 | Link to Comment Dixie Normous
Dixie Normous's picture

I imagine if he has questions he can always ask his brother:

http://www.futuresindustry.org/larry-leibowitz-.asp

Fri, 07/17/2009 - 10:09 | Link to Comment Anonymous
Fri, 07/17/2009 - 10:34 | Link to Comment Gabriel Gray
Gabriel Gray's picture

I agree, we should just give it up. It's what every good serf should do.

Fri, 07/17/2009 - 10:45 | Link to Comment deadhead
deadhead's picture

"Tiresome here. Look, guys, nothing is going to happen"

 

Reminds me of the old conversation:

 

Dolly Madison: "James dear, you, Hamilton, and Jay have got to forget that Publius shit.  Nobody is going to stop King George"

 

James Madison: " you know, you are absolutely right darling"

 

Ding a ling:

 

Hamilton: "Alex here"

 

Madison: "Alex, James here.  Fuck that Publius shit.  I'm out."

Fri, 07/17/2009 - 11:37 | Link to Comment Anonymous
Fri, 07/17/2009 - 15:12 | Link to Comment deadhead
deadhead's picture

I'm a huge Madison fan.  I think he was the smartest of the bunch.

Fri, 07/17/2009 - 22:11 | Link to Comment Anonymous
Fri, 07/17/2009 - 10:15 | Link to Comment Anonymous
Fri, 07/17/2009 - 12:57 | Link to Comment crazyjerrygarcialover (not verified)
Fri, 07/17/2009 - 10:17 | Link to Comment Anonymous
Fri, 07/17/2009 - 10:19 | Link to Comment Jim B
Jim B's picture

Hey

    It's not like GS is getting the bailouts for free!  They bought them for $5,791,891

   Tyler's link from the other day to the 2008 election cycle contributions for financial firms to our DC politicians

 

http://www.opensecrets.org/industries/contrib.php?cycle=2008&ind=F07

 

Fri, 07/17/2009 - 10:22 | Link to Comment Anonymous
Fri, 07/17/2009 - 10:28 | Link to Comment Jim B
Jim B's picture

Lehman was too stingy only $2,246,186.  Besides, GS has completely infiltrated the FED, Treasury, .......

Fri, 07/17/2009 - 10:22 | Link to Comment Anonymous
Fri, 07/17/2009 - 11:21 | Link to Comment dnarby
dnarby's picture

I love deep fried calimari...   A little marinara sauce on the side?  MMMmmm!

Fri, 07/17/2009 - 10:35 | Link to Comment Gabriel Gray
Gabriel Gray's picture

The health care skit after this was hilarious.

Fri, 07/17/2009 - 10:38 | Link to Comment Miles Kendig
Miles Kendig's picture

Cuomo will never in a million years take a look at GS, except with longing at landing a job at 85 Broad...  Just like Cuomo & Dinallo refused to see the following, or that in some instances it appears as though the good old side letter was replaced with a CDS.  At par.  On our dime. 

From the IRA.

One source close to the matter tells The IRA that policy obligation guarantees (POGs) issued by National Union Fire Insurance Company of Pittsburgh, Pa (NUFIC) and American Home Assurance Company (AHAC), AIG's two most important insurance underwriting units, to various AIG affiliated insurers have effectively rendered these key operating units unsalable.

The source reports that the wording of the POGs is found in the notes to the 2007 NAIC Annual Statements for both NUFIC and AHAC. The quotes below are identical in both of the annual statements:


I. "The Company has issued guarantees whereby the Company unconditionally and irrevocable guarantees all present and future obligations and liabilities of any kind arising from the policies of insurance issued by the guaranteed companies in exchange for an annual guarantee fee."


II. "These guarantees are provided to maintain the guaranteed company's rating status issued by certain rating agencies."


III. "In the event of termination of a guarantee, obligations in effect or contracted for on the date of termination would remain covered until extinguished.


IV. The Company is party to an agreement with AIG whereby AIG has agreed to make any payments due under the guarantees in the place and stead of the Company.

Opines the source:  "Generally, state laws do not allow an insurance company to issue unlimited guarantees that could potentially drain an insurer's entire policyholders' surplus, and further in this case, potentially drain all assets of an insurer.  It is amazing that any state insurance department has allowed these guarantees to be issued and that they have been allowed to continue."    

http://us1.institutionalriskanalytics.com/pub/IRAstory.asp?tag=370

Fri, 07/17/2009 - 10:49 | Link to Comment deadhead
deadhead's picture

I wouldn't sell Cuomo short.......if not Cuomo, some politico will jump on the bandwagon because there are lots of political points to gain by going after Goldman.

Fri, 07/17/2009 - 12:42 | Link to Comment Miles Kendig
Miles Kendig's picture

I won't sell him or most other things short.  Participating in that or just about any other "market" (and I use that term losely) is a waste since the concept of markets is for the time being past tense.

Fri, 07/17/2009 - 10:44 | Link to Comment Anonymous
Fri, 07/17/2009 - 10:45 | Link to Comment ptoemmes
ptoemmes's picture

Please do not insult Jon Stewart by lumping him in with the MSM.;-)

 

Pete

 

 

Fri, 07/17/2009 - 11:20 | Link to Comment dnarby
dnarby's picture

Sorry, he's in the mainstream, therefore he's in the MSM.

 

Not all the mainstream is BAD, mind you.  But he is fairly left wing.

 

I prefer Drew Carey myself.

Fri, 07/17/2009 - 15:11 | Link to Comment Anonymous
Fri, 07/17/2009 - 17:23 | Link to Comment ptoemmes
ptoemmes's picture

I agree that JS was not as his best - to say the least - with Barney nor for that matter with Sebelius the other night - she seemed scared shitless.  Not enough to become a non fan though.

 

Will have a little chat with cousin Jon ;-)

 

PS

Totally unrelated!?, but just saw the Assman rerun of Seinfeld the other night for - what - the 100th time.  I swear that still cracks me up.

Fri, 07/17/2009 - 11:23 | Link to Comment Anonymous
Fri, 07/17/2009 - 11:33 | Link to Comment Anonymous
Fri, 07/17/2009 - 11:34 | Link to Comment Eduardo
Eduardo's picture

Abli and the new definition of sistemic risk

 

http://www.clipsyndicate.com/video/playlist/1778/1025158?title=bloomberg

 

 

Fri, 07/17/2009 - 12:56 | Link to Comment No More Bubbles
No More Bubbles's picture

GS and it's employees keep cashing big fat checks, then sit back and laugh at all of us American suckers......

Fri, 07/17/2009 - 13:46 | Link to Comment Bubby BankenStein
Bubby BankenStein's picture

I wonder what GS earnings are before provision for Bonus?

Fri, 07/17/2009 - 14:54 | Link to Comment svendthrift
svendthrift's picture

I refuse to stand for the national anthem or even pretend to 1% loyal to my government until major fucking criminals are brought to justice.

If you sell a little blow in this crapshoot you will get assfucked by Tiny whilst in the can. I expect the same for Goldman's.

Fri, 07/17/2009 - 16:37 | Link to Comment Ned Zeppelin
Ned Zeppelin's picture

#8590:  Look Mr. Paulson, or whoever you are, I have every right to think that you and the rest of your garbage friends at GS suck. Matter of fact, as an American taxpayer, I am clinging to this unreasonable belief that I am owed various sums, starting with that little $13 billion AIG payoff to you motherfuckers, and god knows how much you've stolen from us using the zero interest loans, FDIC backed loans, HF programs and other bullshit you've gotten handed to you from your corrupt little nest of friends. You know what? I think I even own you, since without me, you'd be dead and buried last fall. But guess what: the debt is still on my books, and I want it back, with usurious interest to boot, or I'm sending over a couple of million of us over to 85 Broad to collect.  And if a few of you hang from the lampposts upside down when they're done, tell you what: we'll get around to convening a House subcommittee investigation, subpoena the rioters involved, accept without question or challenge their denials, and call it case closed.  Sound familiar? It should, dickweed. If I were you I'd watch my back, you immoral, blood sucking parasitic squid.

 

Fri, 07/17/2009 - 16:42 | Link to Comment Ned Zeppelin
Ned Zeppelin's picture

Where is the prosecutor who's got a pair?

Fri, 07/17/2009 - 18:37 | Link to Comment Anonymous
Fri, 07/17/2009 - 23:35 | Link to Comment Anonymous
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