Don't underestimate the power Government has. Yes, it can be controlled to an extent. But when a government feels threatened, and elections are approaching, all bets are off. However powerful certain people and corporations may be, in the end, a Government always outlives them.
Misthos, Sound like GS might get a slap on the hand to keep the sheeples from tearing down DC to me. http://www.bloomberg.com/apps/news?pid=20601087&sid=aAH7Zq6wWQPQ&pos=6
Did you watch the exchange between Senator Levin and Blankfein today? This was an all out humiliation. Granted, the members of Congress on the whole still have no idea on how to approach this - but I think severe damage was done. I think Lloyd is toast. At best, I think Goldman may become a private firm again. It's still up in the air - but Goldman is in a difficult situation. Things have already started snowballing with the potential inquiries by the UK and Germany as well. And now just the mere mention of the Justice Dept getting involved? It's too much, even for Goldman.
Misthos, I for one, would love to see these criminals are prosecuted at the full extend of the laws, but with what is going on now for the past 3 years. I have doubt that anyone will do any times, Lloyd will still remain a billionaire... But please proof me wrong...
Enron boys had a lot of friends in govt, until they didn't. Everyone is so smert. Much smerter than a fool like me. GS was just market making, there were loopholes in the law. They could be market maker, advise, originate and trade with no conflict of interest. One problem.. Jury will be made up of tards like myself who will smell three card monte and see economic disaster of worthless scam paper peddled worldwide. Get along little doggies, get along
Yah I wonder how many more of these banks we are going to see in the headlines? It seems like a lot of the banks were doing the same thing. But I own a home and paid my mortgage on time for over five years! Then people where I lived started losing their homes and it hurt my customer base for my small company. I mean I have not seen anything like this the entire time I have owned my company (25 years). These greedy little piggy banks potentially cause the whole housing crisis and then got a bail out in the billions! I have been an honest business owner the entire time and paid my taxes. For what!? For them to give the Piggy Banks a bail out? The very Piggy Banks that potentially caused the crisis!? Like the idea of modifications or not, TARP received 591 billion dollars of tax payer money and if anyone is going to get a bail out, it needs to be the American Tax Payer! Can you imagine what bank made off just having $25 billion dollars? WHERE IS MY LOAN MODIFICATION BANK OF AMERICA!? If it walks like a piggy, talks like a piggy, by golly itâs a PIGGY! These bank remind me of that song by John Lennon and George Harrison titled "Piggies" I invite you to listen to this song on youtube and see if it appropriately fits. http://www.youtube.com/watch?v=NTmeHM-Hojg&feature=related Have you seen the little piggies Crawling in the dirt And for all the little piggies Life is getting worse Always having dirt to play around in. Have you seen the bigger piggies In their starched white shirts You will find the bigger piggies Stirring up the dirt Always have clean shirts to play around in. In their ties with all their backing They don't care what goes on around In their eyes there's something lacking What they need's a damn good whacking. Everywhere there's lots of piggies Living piggy lives You can see them out for dinner With their piggy wives Clutching forks and knives to eat their bacon. I am tired of it and I am fighting back! You can join my fight or support me with your comments at: www.unitedlawgroup.com/news_ULG_files_suit_bofa_behalf_john_wright.html#comments Sincerely, Johns-wright@hotmail.com