Bailout Helps GS

Discussion in 'Wall St. News' started by arealpissedgoy, Sep 26, 2008.

  1. Not many holders of the toxic debt left.

    Within a week MS will be merged. WB will go the way of WM.

    Others gone bankrupt or have been taken over with their shareholders essentially swallowing the risk/loss.

    Only ones left standing with toxic debt are Citi, BankAmerica, JP Morgan/Chase and Goldman.

    Essentially the govt. is now handing 1 Trillion to these 4 remaining Banks.

    Whoever controls the web that control these banks, will have carried out the biggest banking heist in history.

    Something to ponder on.