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

Discussion in 'Wall St. News' started by wilburbear, Jul 6, 2011.

  1. the1


    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.
  2. bone

    bone ET Sponsor

    Absolutely, positively, no doubt about that. Great call.
  3. Goldman said they never needed the bailout money because they were hedged.

    Now we know it was - with the Fed! :D :D
  4. Illum


    Think I recall even Timmy called them on that bullchit
  5. Maybe they have to lever up all their positions. When you have that much money you can move the Market
  6. 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.
  7. "Behind every great fortune there is a crime." --Honore de Balzac
  8. 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?
    #10     Jul 7, 2011