Just released. "Smartest guys in the room" at Goldman took biggest bailout loan.

They've got politicians and secrecy on their side.

They can do anything to your tax money that they want to do.

Who still doesn't believe in Wikileaks for Wall Street?



http://www.bloomberg.com/news/2011-07-06/goldman-took-biggest-loan-in-fed-program.html

 

Whatever happened to asiaprop? The biggest pumper of GS? The only thing these folks are good at is outright theft. Don't forget about the $5B Buffett lent to these thieves. There's probably even more money that we don't know about....yet.

 

Absolutely, positively, no doubt about that. Great call.

 

Goldman said they never needed the bailout money because they were hedged.

Now we know it was - with the Fed!

 

Think I recall even Timmy called them on that bullchit

 

Maybe they have to lever up all their positions. When you have that much money you can move the Market

 

free $ is free $. It would be bad biz not to score as much as you could.

 

Indeed! 15B at 0.01%...you just don't say no to that. At the very least you buy T-Bills with it and pat each other on the back.

 

"Behind every great fortune there is a crime." --Honore de Balzac

 

So $15bn at 1bp is a "subsidy" to Goldies of $2.4mil (as I mentioned in another thread). Is that what we're getting so excited about here?