Relevant:

The sound of one bank not banking

2009-10-18 — blogspot.com

" Goldman at the apex of the crisis is delivered this money -- which they then use to borrow against at $20 or $30 for every $1. Which at 30x equals $2.1 trillion in available capital. As one of the only banks in the world with money at the time, Goldman Sachs was able to buy billions in distressed assets around the world at record low prices -- only to watch $23.7 trillion in US taxpayer money be deployed during the past year to re-inflate the asset's values that Goldman had purchased with our tax money. "

Comments:

catherine at 06:45 2009-10-19 said:

I don't THINK THIS IS LIKE THE OLD DAYS WHEN NO ONE WAS WATCHING AND COMPANIES MADE AND LOST BILLIONS BEFORE BREAKFAST UNDER COVER OF DARKNESS

DIFFERENT TIMES, DIFFERENT OUTCOME

PEOPLE AND TRIAL LAWYERS ARE WATCHING HOW THE SAUSAGE HAS BEEN MADE

...................AND JUST LIKE HOW OUR INDUSTRY'S SECURITIZATION BLEW THEIR MINDS

THEY ARE NOW GOING TO FIND OUT THAT THEIR HARD EARNED TAXPAYER DOLLARS PAID FOR THE ENTIRE PARTY

IT WAS GIVEN WITH EVERY ADMINISTRATION'S BLESSING AND HOODS ARE GOING TO GET YANKED.................

AND NOW JP AND OTHERS ARE STILL (LIKE USUAL) AT THE TROUGH TAKING WHAT THEY FEEL IS THEIRS AND BRAGGING ABOUT IT

BUT THESE AREN'T NORMAL TIMES

THIS IS A FAR DIFFERENT TIME --

25-30 MILLION HAVE NOTHING TO DO NOW BUT PAY ATTENTION AND JP MORGAN WILL END UP WHEN THE MUSIC STOPS

AS SMELLY AND EVIL AS ENRON TURNED OUT TO BE..........

AND ALL THEIR POLITICAL CAPITAL (AND THEY ARE AT THE TOPS) AND THEIR FED CAPITAL (AGAIN THE TOP DOG) WON'T MATTER WHEN THE PEOPLE GET THEIR TURN FOR JUDGEMENT.................AND THAT CLOCK HAS STARTED TICKING................. Permalink

add a comment | go to forum thread

Note: Comments may take a few minutes to show up on this page. If you go to the forum thread, however, you can see them immediately.