last time: GS repaid the aid given in full. Complain to your politicians and whoever for the AIG bailout as well as other firms. GS benefitted from the broad bailouts in the same way than all other financials and you yourself benefitted. It is still normal business practice for AIG to repay loans and its dues to GS and others. You are so misguided by the financial press, unbelievable. You have an axe to grind with China, with Japan, with Asia at large, with GS, with the rest of the world. It strongly hints at your negative p&l, nothing more nothing less. Pathetic loser!!!
absolutely, 200% true!!! When other financials hire and 1-5 interviews suffice, new GS employees go through 20-30 interviews to get hired, from the most junior to the most senior person. Plus the firm is more determined to make money than any other firm. Thats where the money is made not through cheating. What AIG owed to GS was contractual obligations, I am happy to argue with anyone given they acknowledge this fact, otherwise its completely worthless to talk.
Have a look at what happened when Lehman failed. A bank run started and the whole world was about to go bankrupt overnight (not opinion, fact). The people at the fed saw this happen and decided they didn't want every company in the world to fail just because one major bank in the US failed. THEY DIDN'T KNOW THE WORLD WOULD REACT THE WAY IT DID WHEN LEHMAN FAILED, cant people understand that?! they would have bailed out Lehman had they of known. Even though the free market ended up sorting out the Lehman debacle a few days after it happened, massive stop loss runs and margin calls were underway. This turned into a spiral down that fucked all the quants of this world in the ass (especially the incompetents at AIG (who, would only of been working there because they were not good enough to get into GS)). This spiral down had to be stopped to save the world, so thats what they did. As for bailout money from AIG going to GS, Im not even sure they could have known that GS was on the other side of AIG's trades (much the same when you dont know whos on the other side of your stock/futures/currency trades). And even IF they could have known that GS was on the other side of AIGs trades, they could have/should have bailed out AIG anyway. They saw what happened when the third (or second, i don't know) biggest/best bank in the world failed (Lehman), can you even imagine what would of happened if Goldman failed?!! There, Ive said it. A bit useless as all the muppets of this world would rather hear about perverted conspiracy theories to tickle their dead end, going nowhere lives.
Goldman is the Welfare Queen of Wall Street - the major and primary expertise of the Goldman partners is the ability to socialize losses (i.e., have us, the public, pay for them through their governmental connections) and privatize profits (maintain the bounties from profitable activities in their own hands-again through their governmental connections). They do this through their intertwining networks in the halls of government, the Treasury, Fed and business. A Barron's article several months ago laid Goldman's most recent machinations bare in discussing how Goldman has used government guarantees of certificates of deposits to raise $20,000,000,000+ at extremely favorable interest rates to finance its proprietary trading activities - where equivalent financing raised without government guarantees would have cost 500 or 600 basis points more - and which would have materially cut into Goldman's profits. These guarantees were supposed to help banks raise money to lend - Barron's article noted that Goldman's CFO bragged about using the funds for its own trading activities. In my opinion, Goldman never met a conflict or potential conflict that it couldn't circumnavigate, at least in terms of its own code which embraces an extremely elastic view of one's ethical and fiduciary obligations. And the arrogance of this group is exemplified by Hank Paulson's attempt to get Congress to legislate unprecedented financial powers to him with no judicial oversight to "bail-out" the economy . The financial press in the past has, in general, been either too ignorant, or too in awe of Goldman, or both to write anything other than slavishly flattering pieces. If the general public knew all of the facts about Goldman I suspect there would be the same outrage http://www.businessinsider.com/hank-paulson-in-constant-contact-with-goldman-during-crisis-2009-8
you guys are truely helpless...sucking on the tits of some publicity addicted journalists and eating the shix of your politicians who now want to make everyone believe it was GS instead of their own inability to channel bailout funds to firms, worth it, instead of deadbeats. Where the money ended up was the decision of congress. GS as well as every other corporate entity in the world utilizes lobbying to have their interest represented. If you dont like it change your whole social code and value system, morons!!!
the bottom line are the regrets at not buying GS below 50. you have to deal with the cards handed to you.