The numbers may have changed but pushing that dynamic as economic policy has not. That's what they're banking on for the recovery, that Americans will start to believe that the economy is turning around and they'll start spending like drunken sailors again...
Many here naively believe that they are on that jetski. We're all going to be losers. Maybe not today, maybe not next week, but eventually the great reset will occur and very few outside of the elites will be ready for it.
Yes, and this is what I have been saying since the beginning. Some people have actually been defending GS as an honest model of free enterprise, when in fact it is anything but.
How much of this money is from the Fed printing press or our tax money. If the win, it is thiers to get. If they lose, taxpayers bail them. So Last year GS became a bank holding company. The have access to almost unlimted Fed money at zero interest. As a bank, they are suppose to do anything speculative. Well, that has not stopped. http://www.pbs.org/moyers/journal/10092009/transcript4.html
Borrow at zero, buy anything that yields more or you think is going up. Losses go to the taxpayer. What's so hard to understand?
So the fundamental question: Is Goldman making obscene profits off the US taxpayer? Let's ignore the the tarp funds, the zero interest loans, the ability to use toxic garbage as collateral at the discount window, the AIG bailout that allowed GS to get paid by AIG in full. Ignore all of this and ask yourself this simple question: What if GS blows up badly enough to take the firm down next quarter? This is a reasonable question since it was conceivable they could have gone down in Q4 of last year. Will they be allowed to go under? The answer to this answers the fundamental question.