Author Topic: I hope y'all are enjoying the Goldman Sachs theater the feds are putting on.  (Read 942 times)

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Offline Jeffy

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http://www.examiner.com/x-14143-Orange-County-Conservative-Examiner~y2010m4d27-Scandal-Obama-Gore-Goldman-Joyce-Foundation-CCX-partners-to-fleece-USA

With all the GS people in the administration and Dems being the recipient of huge GS donation, it's pretty obvious the hearings are nothing but a smoke screen.


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Offline Dirty Sanchez

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The hearings are "shitty"

Sugar Dick

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http://www.examiner.com/x-14143-Orange-County-Conservative-Examiner~y2010m4d27-Scandal-Obama-Gore-Goldman-Joyce-Foundation-CCX-partners-to-fleece-USA

With all the GS people in the administration and Dems being the recipient of huge GS donation, it's pretty obvious the hearings are nothing but a smoke screen.

Are there people in this country that didn't know Goldman is the Dems "boy" on Wall Street???  JFC, it's been on the front page of the Wall Street Journal.

It's funny, GS spends trucks of money crafting legislation so they can rip people off "legally".  Then the people who signed off on the legislation call them in to have this half-assed talk.  Just to make themselves look like they care about "main street" and hopefully pinch off a couple votes from uninformed America.

This country is so totally f*cked  :facepalm:

Sugar Dick

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I've been laughing at this process the whole time.

While the SEC is filing charges, the GS CEO is visiting the Whitehouse.

Now GS says they're all in favor of the proposed democratic reform.  Quid Pro Quo at its best.


I'm not sure GS supporting the reform helps.

Anyways, GS is the creme de la creme of Wall Street and has been for a long time.  They always kick everyones ass.  New regulations are opportunities to make more money.  They're smarter than everyone else and will be the first to exploit whatever half-assed dimwitted thing the Obama economic mental midgets propose.  It's the equivalent of cripples trying to design a more "fair" decathalon. 

If the government was smart, they'd of let them eat crap when they over exposing themselves to insolvent counter parties in all those derivative transactions.  Instead they bailed out AIG, et al, and saved GS's ass.  The government doesn't solve or prevent problems, they create new ones.


Offline Jeffy

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I've been laughing at this process the whole time.

While the SEC is filing charges, the GS CEO is visiting the Whitehouse.

Now GS says they're all in favor of the proposed democratic reform.  Quid Pro Quo at its best.


I'm not sure GS supporting the reform helps.

Anyways, GS is the creme de la creme of Wall Street and has been for a long time.  They always kick everyones ass.  New regulations are opportunities to make more money.  They're smarter than everyone else and will be the first to exploit whatever half-assed dimwitted thing the Obama economic mental midgets propose.  It's the equivalent of cripples trying to design a more "fair" decathalon. 

If the government was smart, they'd of let them eat crap when they over exposing themselves to insolvent counter parties in all those derivative transactions.  Instead they bailed out AIG, et al, and saved GS's ass.  The government doesn't solve or prevent problems, they create new ones.



Of course they saved GS's ass.  That's a Dem's cash cow, as I mentioned earlier. 

wetwillie

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IIRC, the financial bailout was implemented by Hank Paulson the former CEO of Goldman Sachs, who just happened to be Secretary of the Treasury for the Bush Administration

Sugar Dick

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IIRC, the financial bailout was implemented by Hank Paulson the former CEO of Goldman Sachs, who just happened to be Secretary of the Treasury for the Bush Administration

You recall correctly.  What's your point?

wetwillie

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IIRC, the financial bailout was implemented by Hank Paulson the former CEO of Goldman Sachs, who just happened to be Secretary of the Treasury for the Bush Administration

You recall correctly.  What's your point?

This was in response to the previous post which falsely claimed that GS was bailed out because they are a "cash cow" for the democractic party.  GS owns both sides of the spectrum in politics.

Offline Jeffy

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IIRC, the financial bailout was implemented by Hank Paulson the former CEO of Goldman Sachs, who just happened to be Secretary of the Treasury for the Bush Administration

You recall correctly.  What's your point?

This was in response to the previous post which falsely claimed that GS was bailed out because they are a "cash cow" for the democractic party.  GS owns both sides of the spectrum in politics.

These two items are not mutually exclusive. 

Offline Dugout DickStone

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Any legislation needs to allow for tort exposure for those at GS who breached their fiduciary duty.  Then let the plaintiff's bar go to work.