All they did was sell a product to their investors that they knew was bad and then bet on it to fail. But hey its a free market right? Caveat Emptor right?
And now the darn Govt. wants to step in and punish them. C’mon whats a few billion between buyers and sellers?
It is obviously all the President’s fault. Damn him. Darn S*********!!
Ruining this country.
Why is’nt Fannie/Freddie up there also??They done the same crime with the taxpayers money(without asking either).Atleast shareholders of Goldman had an option of having their money stolen,us taxpayers did’nt.It’s a big joke to me to watch these crooks try to demonize any company.I personally have’nt been watching the govt produced show against Goldman.I’m willing to bet the farm in the end this will be just like G.M.,a takeover.Because we all know those who have’nt ever ran a lemonade stand know best for us. :rolleyes
It is obviously all the President's fault. Damn him. Darn S*********!!
While I agree with your sentiment, it is not solely the President’s fault, it is the Presidents’ fault (plural). The socialist Bush is just as guilty for perpetrating the “too big to fail socialist scam”.
How is this going to turn into a takeover? Do u even read what u type? If u don’t know what your talking about then how about just shutting up! Jeez.
Let’s see “I don’t know anything about the subject I am complaining about, but I just know I’m against it because… because… because… because I just am that’s why!”.
Thanks bama for wasting 20 seconds of my life that I can never get back.
Sorry for wasting your time Chris.Weird thing is I read my post again,even showed it to my wife who’s a realtor and in finance also,and it made sense to us.It was THE GOVT WHO STEPPED IN AND MADE THE BANKS MAKE THE BS LOANS.WAs it not???SO I’m the idiot for finding it amazing the same morons who created this mess are trying to blame anyone and everyone but themselves.
I thought we were cool and could debate without the insults,guess not on your part.
The lefties can NEVER debate without the personal insults because they don’t have the facts on their side. This is straight out of the Saul Alinsky playbook!
Goldman trial and the current administration and those in support of it IMHO is nothing more than a battle of the haves vs the have nots…Wall st is always a target and always will be…Its windy at the top of the mountain…If those Senators and Congressmen had their accounts at GS and made %200 returns they wouldnt have a f***** thing to say…Not a word…This hearing and the open roasting of Blankfein is good for Wall st…These morons voted for Obama and they got Obama…This current administration is clearly not pro-business and we all know its anti-capitalist…
Whats really funny is OUR GOVERNMENT is acting like THEY ARE P!$$ED at GS for being CORRUPT and STEALING MONEY from AMERICANS…
well… let me ask you this…
What the heck is our Government doing? They are CORRUPT and STEALING MONEY from AMERICANS (through special earmark deals and excess spending).
This is just a ponyshow from the idiots in Washington, thats all. They arent concerned about corruption, because IF THEY WERE, they would STOP DOING IT THEMSELVES.
This is just a excuse to have more regulations and they thier hands on the financial system… thats all.
Thats just my thought on that.
Rookie,
Yet again you’re right.
Hoosier,
That’s pretty much what I said,be careful or you’ll be labeled a waste that does’nt know what’s going on.I wonder if I don’t have a clue of what I’m talking about,why was’nt I enlightened instead of insulted.WOnder what’s next,gonna call me a big poopy head??Just like the left does Beck.I watch almost every show and learn facts of history,and if you turn to the far left shows all they do is call him crazy,alarmist,etc.But yet that’s all thier show is about,him, and don’t explain thier facts(it’s hard when u don’t have them) .Weird,huh?Hey,I put up some b4 and aft pics yest on FB,check it out.I’ll still email u the one I sold in 8 days also.This one won’t last that long,I hope.
I think Propman hit the nail of the head,it’s easy just to call the other guy stupid and walk away.Now some people are dumb as dirt,but I would’nt call anyone in this business that.I may differ from someone’s political view,but I know any of us are’nt dumb and “don’t know what we’re typing”.Just childish insults,plain as that.
Maybe one day when you actually invest like I do,for a living CHRISTOPHER,you will learn the hard truth of business.And how you have to watch everything the govt,especially one against capitalism,is doing as it has a great effect on us small business owners.Today it’s Goldman,tommorrow it could be us.When we have a leader who actually said(this week)“at some point you’ve made enough money”–we all need to be aware of this anti-capitalist administration and not fall for the circus shows like this.
If you can’t explain your point,then you must not have one.
When we have a leader who actually said(this week)"at some point you've made enough money"--we all need to be aware of this anti-capitalist administration and not fall for the circus shows like this.
Well said! :beer
Propman,
No,no you got it all wrong,I just need to shut up cause I don’t know what I’m talking about :rolleyes.Gotta love a typing toughguy,LOL!!
Pray for the gulfcoast for me,it is’nt lookin too good.Lotta seafood industry,beaches are gonna take a hit.
Bama,
If you need to head north and escape the oil slick, look me up. We’re supposed to rent a plane and fly around down there the 4th of July. Wonder what I’ll see there by then.
Justin,
Thanks for the offer.I hope it’s contained soon.It’s not the slick part that’s the kicker really,it’s the no end to the gushing @ 250,000 gals a day(estimated)that scares the piss outta me.Thanks again,do get with me if you’re around the MS,AL coast would love to hangout.
Bama,
I apologize for the rude remarks the other day. I had just come from coaching my sons 4th grade flag team to a loss that knocked us out of the play-offs. I mid-directed my anger at you instead of screaming at a group of 4th graders that could not pull a bleeping flag to save their life.
Looks like Goldman Sachs gets to be the scapegoat.
Government is going to do something loud and flashy to convince the voters that they are doing something.
Then life goes on as usual, after the voters are appeased by a nice public sacrifice.
Christopher,
It’s cool,we all may fly off the handle sometimes.I do it often to my good contractors when pissed about the ones that are too dumb to understand I was pissed.It’s funny in the end,cause the good guys innocently ask “Are you happy with what we’re doin?” I say “yeah man,yall are good,I don’t like being a prick but, I can be”.
Have u heard any info about the oilspill from your parents on the beach where they are?My dad said it smells horrible in MS.
All of Pensacola is freaking out because of the possible damage to the white sand. In addition to that the economy depends on tourist dollars and who is going to go to a beach covered in oil.
P.s. Glad we are cool
Well there was certainly enough blame to go around with the financial meltdown. But there’s one thing that keeps sticking in my mind is the rating agencies. I mean if they put an “A” rating on securities they knew were crap, those securities would have been “uninvestable” for many institutional investors. These CDO’s would never have existed if it werent for the rating agencies. David Faber did nice documentary on CNBC called “The house of Cards”. Since Fannie and Freddie were temporarily out of the picture due to their own scandals at the time, a buyer was needed to buy those mortgages. Fannie and Freddie had strict rules and basically dictated how loans were originated… They essentially kept the originators in check if they wanted a buyer for their mortgages. With them out of the picture, an unregulated industry met with wall st. IMO, those toxic assets would’nt have done the amount of damage they did without a DELIBERATE falsification of ratings by the agengies… They even admitted in the documentary they could make a “D” rated security look like an “A” if they tweaked the criteria. Why did they do this? Because they knew that if they didn’t give it an “A”, their customers would find someone who would… I love how polititians are essentially blaming Golman for the entire collapse… Sorry for the rant… I juat get irritated when I see this crap.