Comments on: Goldman Sachs, Best in the Business

By: Gernot Hassenpflug

Gernot Hassenpflug — Sat, 18 Jul 2009 22:14:46 +0000

Matt Taibbi’s article can be found on Google sites at:

http://sites.google.com/site/disclosuredelta/

Regards,
Gernot

By: one more

one more — Fri, 17 Jul 2009 21:54:14 +0000

“Goldman Sachs in Talks to Acquire Treasury Department”
http://www.ritholtz.com/blog/2009/07/goldman-sachs-in-talks-to-acquire-treasury-department/

By: Ireland

Ireland — Fri, 17 Jul 2009 21:40:25 +0000

“Glenn Beck Explains The Goldman Web”
http://zerohedge.blogspot.com/2009/07/glenn-beck-explains-goldman-web.html

“Stop bashing Goldman, blame yourself”
http://theautomaticearth.blogspot.com/2009/07/july-17-2009-stop-bashing-goldman-blame.html

GS must be really really happy with the attention it gets these days.

By: Thedo

Thedo — Fri, 17 Jul 2009 06:01:45 +0000

I heard about Goldman’s haul yesterday and Bank of America’s haul today on NPR (I listen on my way to work for a bit of laughter to prepare me for the day).

The commentators were happy about the profits these two were reporting (ostensibly to say, “Hey, the gov’t knows what it’s doing with deficit spending!”). Yet aren’t these the same profits (profits are profits, right?) NPR and the left denounces when the economy plummets?

By: Nick Bradley

Nick Bradley — Fri, 17 Jul 2009 05:54:59 +0000

Libertyman,

Did you read Taibbi’s “Great American Bubble Machine”? It chrinocles GS’s exploitation of fractional reserve banking and regulatory changes/loopholes to create bubble after bubble after bubble.

The Fed creates the credit bubble, but GS directs it. Taibbi is fully convinced that GS is behind the next bubble, “green tech”.

Sadly, I think that GS is able to get away with their practices because THEY ARE SMARTER THAN EVERYBODY ELSE. Combined with their political connections, GS is able to quickly exploit regulatory changes and invent new financial products that nobody quite understands until its too late.

http://forums.somethingawful.com/showthread.php?threadid=3159732&pagenumber=1

By: Obama The Saint God

Obama The Saint God — Fri, 17 Jul 2009 05:46:44 +0000

“It’s not for nothing that they are nicknamed “Government Sachs”.”

Just a step away from “Government Sucks”.

By: Horst Muhlmann

Horst Muhlmann — Fri, 17 Jul 2009 04:57:20 +0000

Fephisto,

It’s not for nothing that they are nicknamed “Government Sachs”.

By: End the Fed

End the Fed — Fri, 17 Jul 2009 04:36:41 +0000

The government didn’t bail them out. They bailed themselves out, since they own a big chunk of the “Federal Reserve”.

By: Mac

Mac — Fri, 17 Jul 2009 04:14:52 +0000

Nah, it’s just your imagination. Goldman execs are all former boy and girl scouts who do public service because they’re too old for merit badges.

I jest.

Cheers

By: libertyman

libertyman — Fri, 17 Jul 2009 04:14:04 +0000

Read this excellent piece by Matt Taibbi

http://trueslant.com/matttaibbi/2009/07/16/on-goldmans-giganto-profits/

GS isn’t so much gaming the system, as it IS the system

By: Fephisto

Fephisto — Fri, 17 Jul 2009 03:53:20 +0000

I hate to talk conspiracy theory but…does anyone else find it strange that A lot of Goldman Sachs employees/former employees/CEOs/etc. chair and head a lot of important chairs in the FED/Treasury/FEC? And how all the competitors of GS were the ones not bailed out? And numerous other odd occurrences?