I'm pretty sure Paulson was forced to sell his GS shares when he took his current post. Lehman and BSC were both badly managed and were hemorraging money, they deserved to fail. Bear got bought for a fraction of it's worth and most of it's employees got fired. Lehman went bankrupt but Barclays is buying pieces of it and keeping people on, so in the end I think they both got pretty similar deals other than the stock going to zero. I don't know if Paulson is corrupt or not, but I don't think he has any financial interest in GS doing well.
And some still argue that Wall Street is NOT a casino I thought the Casino mentaility was what got us into this mess in the first place......
Anotehr bitter beart whose balls were squeezed ... ranting on the sidelines. Trade, don't be a wimp whining after a few losses... And, all these stocks will be UP in a few days. Buy on pullbacks.
You can find the link if you want, I'm not gonna bother to look for it, but GS had just as many level 3 assets as BSC and LEH pretty much. How they managed to not go under is anyone's guess. Although I'm sure it has to do with their accounting and somehow skewing the mark to market accounting policies. Probably why there were allowed to become a bank and take more people's money, I mean "deposits". Lol love that word, deposit your money with them, they should just say give it to them. Because who knows what they do with it once they have it.
Yeah, like Dick Cheney right, whose supposed to have a blindtrust but somehow I read an article a few years back where it was mentioned that he had big Eurobond holdings. How is it a blindtrust yet everyone knows what he was holding? I dont get it, thought these guys weren't supposed to know. Probably made a killing the way the dollar has tanked. EVERYTHING IT SEEMS HAS BEEN FOR FINANCIAL GAIN WITH BUSH AND HIS BUDDIES. WHERE HAVE YOU BEEN!?