Marti- do you think etr's are delusional? if not then how can you argue that you are not a banker apoligists when 9 out of 10 people here would vote you in that camp? im just saying. Im not going to argue about your knowledge, you are a smart mo fo
I'm not sure any government has the skill set to stipulate how an IB uses money - free or otherwise. Would be like a stay-at-home mom telling a trading desk what they can & can't do. Pretty lame, but probably funny to watch.
But - was it the Government?? Because it was the FedResv that gave them the money, and the Fed is only Quasi-gov't (like Quasimodo), part Public, part Private. (And is that split 50-50% - or 1-99%) So was the Fed acting on its "Public Mandate" giving them the money, or its "Private Mandate"...? BTW -what exactly IS its Private Mandate anyway....?????
Dude, Goldman testified in front of Congress that they did no wrong, the announced they didn't need the money because they were "hedged," Blankfein claims he is doing "God's work." Exactly how much more crap do you need to hear coming from this company to realize they are lower than pond scum? At least pond scum has a purpose.
You mean....they LIED all that time and pigged-out at the trough?? :eek: NO F'n WAY!!!!! I'll still believe whatever they say next though, because they are so Truthiful.
Ummm....so you think the market wouldn't exist or if it did exist it would be in complete disarray without the existance of GS? These folks are reaching into your pocket and stealing from you and you don't even realize it.
Thank you for the compliment. And yes, some ETers are delusional, as I'm pretty sure you'll agree. Others are naive, but i don't like to generalise. As to the people thinking that I am a banker apologist, I would say that these people haven't actually read my posts too carefully. I am, at best, a financial industry apologist, but I am no fan of banks. I also don't like it when people who don't have a good understanding of the system bash finance using arguments that don't make any sense.
Not at all... My comment was a general response to Tsing Tao, addressing the issue of my bias. It wasn't specific to the Goldies topic.
+1 Morons will always be morons. They bash what they don't understand, rather than doing the actual work to understand it. "Boo Hoo I am a failed trader because "they" rigged the system." Man up & do the work OR close your account stfu & never come back.