• Sprott Money
    05/06/2016 - 06:03
    The US, in its own decline, is showing this same self-destructive tendency. The worse things get, the greater the inclination of the citizenry to say, “Carry on, everything’s fine.”

RBS Prepares To Seek More Money Out Of Goldman

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Fri, 07/16/2010 - 08:49 | 473136 Tense INDIAN
Tense INDIAN's picture

so GS pays RBS few hundred millions.......whats the point.....these banks are owned by the same people...arent they???

Fri, 07/16/2010 - 08:51 | 473140 snowball777
snowball777's picture

Check the smiles on the lawyers faces for your answer.

Fri, 07/16/2010 - 08:51 | 473143 Tense INDIAN
Tense INDIAN's picture

both sides are happy

Fri, 07/16/2010 - 09:05 | 473163 snowball777
snowball777's picture

I see the same N*100M moving around and lawyers taking a slice off each time it passes by.

So, yeah, they all get a turn at the trough.

Fri, 07/16/2010 - 08:49 | 473138 snowball777
snowball777's picture

Yes, jackals, devour each other.

Fri, 07/16/2010 - 09:03 | 473156 curbyourrisk
curbyourrisk's picture

If it means GS pays more...I am up for it.  Anything but taxing them......I hate seeing taxes go up on anyone.  Fine them to death (I wish), but don't raise taxes!!!!

Fri, 07/16/2010 - 09:04 | 473160 Dismal Scientist
Dismal Scientist's picture

Just another glorious day in the corps for GS. As for RBS, it'll be fun to watch if the new UK govt wants to have a row with Barry over this, or just offset it vs BP. My guess would be the latter too

Fri, 07/16/2010 - 09:06 | 473165 Frank Rizzo
Frank Rizzo's picture

As a UK taxpayer I would like RBS to pursue GS for every single penny ...

Fri, 07/16/2010 - 09:08 | 473167 Oh regional Indian
Oh regional Indian's picture

Circular events make no net outflows.

All of these large banks have a common lever, Da BIS.

The rest of this petty millions is just kabuki for us.

You cheated! You cheated.

Sorry Honey, I could not help myself.

Here's a 100 million!

ORI

http://aadivaahan.wordpress.com

Fri, 07/16/2010 - 10:20 | 473278 Ripped Chunk
Ripped Chunk's picture

I guess RBS is the next too big to fail that will disappear then. Do not fuck with the dark lord unless you are Luke Skywalker

Fri, 07/16/2010 - 11:13 | 473440 Chemba
Chemba's picture

If the SEC had a case against GS it would not have settled for $550 million and no mgmt resignations.

So, the SEC must not have had a case.

If the SEC did not have a case, then RBS likely does not have a case.

And even if RBS did have case, big deal.  Goldman Sachs could earn back any cash settlements within a few weeks.

Fri, 07/16/2010 - 11:23 | 473460 Chemba
Chemba's picture

What's more, good luck finding clients representing more than 0.5% of Goldman's net revenue who believe Goldman Sachs is not a victim of political persecution by the ObaMao administration, and will do less business with GS as a result.

Get over it.

Find a new scapegoat.

Fri, 07/16/2010 - 14:02 | 473947 Grand Supercycle
Grand Supercycle's picture

 

The DOW/SP00 leg down has started.

http://stockmarket618.wordpress.com

Mon, 07/19/2010 - 01:39 | 476599 Moonrajah
Moonrajah's picture

The Summer Blockbuster is about to be released for our viewing pleasure. Piranhas vs. Jaws, starring the IKB and RBS tag-team plotted against the GS behemoth. Brought to you in glorious QE3D.

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