asiaprop, this is what you are saying? http://www.federalreserve.gov/newsevents/press/other/20080916a.htm When AIG pay back the Fed, THEN the government has 80% share of AIG to sell for profit?
You won't be able to reason with the guy. He still thinks GS was well capitalized last year, would have survived the collapse of the entire system, and was forced to convert to a BHC. They were also forced to give Buffett 10% preferred with $115 warrants. Then there is the trillions of undisclosed lending from the Fed last year. If we were to learn the details of that program GS would probably be on the top of the list. Naturally, I can't provide evidence they were. It is pure speculation on my part but what better way for the Fed to unwind its balance sheet than for GS to generate massive, record-breaking profits and pay them back to the Fed through masqueraded bonuses. Whoa! Did I just stumble onto something? Let's get to the bottom of it right quick. A full scale audit of the Fed. Until then, GS will be thought of as the biggest recipient of Government Subsidies. If the Fed had nothing to hide they wouldn't be so opposed to the audit. Independence my ass.
I am not sure. But Goldman Sach was hedged on AIG. How? What did they bet? Did they short AIG AND collect from the contract with AIG for the bad ABS they have?
You misunderstood me. It's speculation that GS would be on the top of the list of receiving trillions from the Fed. The rest is not speculation, it's a matter of fact. Read Carefully: <i>Then there is the trillions of undisclosed lending from the Fed last year. If we were to learn the details of that program GS would probably be on the <b>top of the list.</b> Naturally, I can't provide evidence they were. It is pure speculation on my part...</i>
It is no longer a question of whether Goldman is a liability to the taxpayer. It has now become a question of whether Goldman is a liability of National Security. I trust you have read this. Goldman Sachs is single handedly taking down the country and you're their biggest fucking cheerleader. You are clearly visiting the wrong site. Perhaps you meant to enlist your opinions at www.elitetraitor.com., assuming you live in this country. http://www.rollingstone.com/politics/story/30481512/wall_streets_naked_swindle
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Exactly. Goldman and the U.S. Government are in bed together. Geithner's minions and lackey's have made millions from Goldman, JP Morgan and others, and only an imbecile like asiaprop would believe Paulson had no concern over his 200+ million in Goldman Sachs' options when picking winners and losers (and eliminating Goldman competitors such as Bear).
my son, it is clearly you who is on the wrong site. This site is to chill out and to be entertained during the times when its best to just sit on your hands. You should join some militia and paranoid anonymous association because you cleary have some serious issues.