| Name: |
MartiniMan
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| Subject: |
Anyone feel sorry for Goldman Sachs?
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Date:
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4/20/2010 12:45:32 PM
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I for one do not in the very least. These guys gave the Messiah almost $1M in donations and they have now experienced what it is like to be thrown under the Obama bus. It's getting a bit crowded under there with Grandma, the Rev Wright, Bill Ayers, etc. I am sure they thought their money put them in a great seat on the Obama bus but in his march toward big government control of the means of production they are just another carcass of road kill. I would love to be a fly on the wall in the executive meetings about this. Lets look at the White House phone log and the Messiah's Crackberry for the last two weeks and see how many calls he got from Goldman people......ah delicious irony.......how sweet it can be at times.....
Just a note, I am not celebrating more government assaults on business but just the irony of the assault hitting a firm like Goldman that probably thought they were invincible because half of Treasury are ex-GS employees. Welcome to Chicago-style politics.
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| Name: |
Lifer
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| Subject: |
It's just grease on the skids.
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Date:
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4/20/2010 5:48:59 PM
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I see it as a small price they are paying now for 'favored' status in the future. It will be easy to sing their praises if they take their punishment now. Once the guvmit controls the financial sector even more they will have to have someone to carry out their marching orders.
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| Name: |
GoneFishin
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| Subject: |
It's just grease on the skids.
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Date:
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4/20/2010 6:31:52 PM
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MM, your memory is soooo short for such an intelligent wing nut. The Secretary of Treasury under Bush and his conservative government was former CEO of Goldman Paulson who was the father of bailout money. Why have you been so quiet on that fact. Could it be that you are just another biased wing nut?
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| Name: |
MartiniMan
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| Subject: |
Your only paranoid because they are out to get you
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Date:
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4/20/2010 7:35:05 PM
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Uh, my only comment related to the delicious irony about GS employees having given almost a million bucks to the Messiah and now they are being screwed by the government as part of an overall strategy to try to gain control of the financial markets. Had this happened under the former administration the irony would have been equally delicious, maybe more so because of Mr. Paulson at the helm of Treasury...... But of course my point was totally missed by you.
And unless you were too much of a left wing nut you forget that the current SecTreas is none other than the tax cheat Tim Geithner who was intimately involved in said TARP program and all the actions during that time period. And I mean very, very, heavily involved. Read the book Game Change by Andrew Sorkin (not exactly a right winger) and you will see Mr. Geithner's extensive involvement while head of the NY Fed. Oh and by the way, the DEMOCRAT led congress (House and Senate) voted for TARP and your blessed, most merciful Messiah not only publicly supported it but also voted for it and still claims it to be the 8th wonder of the world. For the life of me I don't understand why you seem intent on trying to lay TARP solely at W's feet.......something done with bipartisan support and you won't even give all the parties their proper due?!?!?
And why are you so quiet on those facts? Could it be that YOU are just another biased wing nut? Except from the left.....
Just more fish in a barrel......thanks for the easy layup.
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| Name: |
rude evin
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| Subject: |
Another fact GF won't like....
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Date:
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4/20/2010 10:02:04 PM
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Remember all the flack GWB took for the donations he rec'd from Enron.........well it seems that BHO rec'd 7 times as much from GS as Bush did from Enron. DOJ prosecuted Enron folks.......watch the pretzel grow.......
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| Name: |
water_watcher
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| Subject: |
another sad post by GF
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Date:
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4/21/2010 6:56:05 AM
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Yes the father of TARP was Poulsen that was CEO of GS before Bush made him Treasury secretary. But the way TARP was designed not only saved the financial system, but it did not cost tax payers any money, in fact netted a profit. Cite alone will result in an $80 billion profit to the tax payers.
Yet Obama looks at the money coming back as a slush fund to waste on more socialist programs.
GF, if you are going to throw darts, at least have your facts accurate.
I am sure we are all getting tired of your twisted attempts at trying to make your liberal socialist beliefs look pretty. But as they say ... you can put lipstick on a pig ... but it is still a pig.
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| Name: |
MartiniMan
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| Subject: |
another sad post by GF
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Date:
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4/21/2010 9:27:47 AM
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Good point about TARP. Anyone want to guess as to whether we will ever see a dollar of the Porkulus Package (100% owned by the Messiah and the Dem-led House and Senate) come back to the government? I think not because it was used primarily to keep government jobs.
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| Name: |
GoneFishin
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| Subject: |
another sad post by GF
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Date:
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4/21/2010 9:56:29 AM
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WW, I missed it. Explain this 80 billion profit the government will receive from CITI? You and your fellow wingy nuts like MM were so oppossed to the TARP fund and suddenly you are now embracing it for what it accomplished. It is easy to look back but when the going was tough you bailed now.
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| Name: |
water_watcher
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| Subject: |
another sad post by GF
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Date:
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4/21/2010 1:28:21 PM
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Now you are very good at going back and searching old posts .... I always thought TARP was necessary to prevent a financial collapse. I did not support Obama wanting to use TARP dollars for GM and another failed stimulus like it was a slush fund for him to spend anyway he wanted. It was always designed to be paid back and the money returned to the treasury so there was no impact to the tax payers.
As for Citi ... just "BING" it. I don't have time for your research. My $80 billion is way too high ... my error ... but if you recall the government converted all but $30 billion they gave to Citi in to common stock. They had to pay interest on the $30 billion when they paid it back, and the Feds have 1 year to sell their massive stake in Citi. When the stock was $3.50 a share, their profit was $8 billion (not $80 billion). Citi reported a .15 cent a share profit this quarter and is currently trading at $5 ... so the government is doing well. Actually so am I ... I took a gamble on Citi when it fell to $2 a share and am still holding on tight. I think it could easily double from here over the next 12 months with the easy money holding down interest rates.
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| Name: |
GoneFishin
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| Subject: |
another sad post by GF
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Date:
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4/21/2010 9:53:09 PM
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We are in agreement on Citi now that you have corrected the 80 to 8. So much for my sad post. I assume you saw the Treasury supported the reverse split. Just don't get confused when the stock rises as a result and think you have just made millions!!!!!!!!!!!!!!!!!!!!!
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| Name: |
water_watcher
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| Subject: |
another sad post by GF
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Date:
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4/22/2010 7:29:54 AM
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yeah ... i'll be sure to keep my excitement in check. The same happend with AIG
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