WHAT DO AMERICA AND GREECE HAVE IN COMMON? GOLDMAN SACHS
By the time Goldman Sachs is finished being put through the wringer, I believe Blankfein and his cohorts will not only being spending the rest of their lives in the Big House but this company will be singled out as the prime player in the financial collapse of 2009. Why is it that a country [...]
DID BUSH/PAULSON AND HIS SUCCESSORS FORCE CONGRESS TO ACT TOO QUICKLY?
This week two of the largest recipients of TARP funds, Goldman Sachs and Bank of America have announced they no longer need help and are plan to hand back their TARP funds before the end of April. I suppose that is good news for the American taxpayers. However what is baffling me is the AIG nonsense. Putting the bonus fiasco to one side, I am absolutely angry to learn most of their bailout money was quickly passed out to the world’s major banks, including Goldman Sachs and the B. of A. to pay out on lost bets. I originally thought AIG were like the Investment banks and were up to their eyeballs in toxic debt caused by the securitization of sub-prime mortgages. Never did I think, banks could even wager their way out of the serious business of finance, but moreover find a bookmaker who would take on their bets.
CHINA, GET OFF THE GRASS!
I know the S & P 500 companies and media still seem to have a love affair with China and refrain from ever making any untoward remarks about the greatest rogue nation in the history of mankind for fear of retribution. So unlike those gutless schmucks of Washington Beltway, the media barons and those narcissistic [...]
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