Comments on: Taxpayer Funded GS Profits http://www.ritholtz.com/blog/2009/04/taxpayer-funded-gs-profits/ Macro Perspective on the Capital Markets, Economy, Geopolitics, Technology, and Digital Media Tue, 14 Feb 2012 19:05:02 +0000 hourly 1 http://wordpress.org/?v=3.0.5 By: Prose Before Hos http://www.ritholtz.com/blog/2009/04/taxpayer-funded-gs-profits/comment-page-2/#comment-162199 Prose Before Hos Tue, 14 Apr 2009 20:41:39 +0000 http://www.ritholtz.com/blog/?p=23645#comment-162199 <strong>What Does “Too Big To Fail” Mean?...</strong> “What do we do? Exactly the opposite. We forget about the debt, let it explode. We reduce interest rates to zero to stimulate the economy. We pour money into the economy to get even bigger debts. We don’t privatize; we nationalize, except we d... What Does “Too Big To Fail” Mean?…

“What do we do? Exactly the opposite. We forget about the debt, let it explode. We reduce interest rates to zero to stimulate the economy. We pour money into the economy to get even bigger debts. We don’t privatize; we nationalize, except we d…

]]> By: Stuart http://www.ritholtz.com/blog/2009/04/taxpayer-funded-gs-profits/comment-page-2/#comment-162038 Stuart Tue, 14 Apr 2009 03:04:42 +0000 http://www.ritholtz.com/blog/?p=23645#comment-162038 Fannie Mae Chief Executive Herb Allison to run TARP: WSJ By Michael Kitchen Chief Executive Herb Allison to head the government's $700 billion Troubled Asset Relief Program, The Wall Street Journal reported late Monday, citing people familiar with the matter. Obama could announce his intention to nominate Allison as assistant secretary for the Office of Financial Stability as early as this week, the report said. He would replace Bush-appointee Neel Kashkari, who was asked by Treasury Secretary Timothy Geithner to stay on until a replacement was found. Fannie Mae Chief Executive Herb Allison to run TARP: WSJ

By Michael Kitchen

Chief Executive Herb Allison to head the government’s $700 billion Troubled Asset Relief Program, The Wall Street Journal reported late Monday, citing people familiar with the matter. Obama could announce his intention to nominate Allison as assistant secretary for the Office of Financial Stability as early as this week, the report said. He would replace Bush-appointee Neel Kashkari, who was asked by Treasury Secretary Timothy Geithner to stay on until a replacement was found.

]]> By: Stuart http://www.ritholtz.com/blog/2009/04/taxpayer-funded-gs-profits/comment-page-2/#comment-162026 Stuart Tue, 14 Apr 2009 01:42:35 +0000 http://www.ritholtz.com/blog/?p=23645#comment-162026 Terrific post by BR and KD. Conflicting thoughts of no kidding, people are surprised?? vs... so what, what's anyone going to do about it. These folks and their ilk are financial sociopaths and they have to be thought of in that light in order to understand their motives and mindset of milking the sheeple. Recognizing it sounds off the wall, but their kind write and enforce the rules. So watch for it this week,... GS will release earnings somewhere near the rumor level and the markets will rally (with help) and the implications of this post, as dire as putrid they may be for free markets, well, they will be long forgotten as the MSM touts more evidence of a turnaround. In a week, some vague lingering thoughts of impropriety in a few heads will remain, but for most, they'll tune into American Idol as the MSM floods the masses with channel 2 of the Truman show Owellian menu item of the day. Terrific post by BR and KD. Conflicting thoughts of no kidding, people are surprised?? vs… so what, what’s anyone going to do about it. These folks and their ilk are financial sociopaths and they have to be thought of in that light in order to understand their motives and mindset of milking the sheeple. Recognizing it sounds off the wall, but their kind write and enforce the rules. So watch for it this week,… GS will release earnings somewhere near the rumor level and the markets will rally (with help) and the implications of this post, as dire as putrid they may be for free markets, well, they will be long forgotten as the MSM touts more evidence of a turnaround. In a week, some vague lingering thoughts of impropriety in a few heads will remain, but for most, they’ll tune into American Idol as the MSM floods the masses with channel 2 of the Truman show Owellian menu item of the day.

]]> By: usphoenix http://www.ritholtz.com/blog/2009/04/taxpayer-funded-gs-profits/comment-page-2/#comment-162020 usphoenix Tue, 14 Apr 2009 01:28:16 +0000 http://www.ritholtz.com/blog/?p=23645#comment-162020 @karen: nice Patrick Henry quote. So I guess we're right back to the same old place. Those that don't learn from history are doomed to repeat 12th grade. @karen: nice Patrick Henry quote.

So I guess we’re right back to the same old place. Those that don’t learn from history are doomed to repeat 12th grade.

]]> By: stan http://www.ritholtz.com/blog/2009/04/taxpayer-funded-gs-profits/comment-page-2/#comment-162013 stan Tue, 14 Apr 2009 01:00:23 +0000 http://www.ritholtz.com/blog/?p=23645#comment-162013 line them up against a wall ( no pun ) & then ...hum - it's up to the people ... line them up against a wall ( no pun ) & then …hum – it’s up to the people …

]]> By: some_guy_in_a_cube http://www.ritholtz.com/blog/2009/04/taxpayer-funded-gs-profits/comment-page-2/#comment-162005 some_guy_in_a_cube Tue, 14 Apr 2009 00:35:57 +0000 http://www.ritholtz.com/blog/?p=23645#comment-162005 Is that Robespierre over there? There, waiting. See you at SPX 150. Is that Robespierre over there?

There, waiting.

See you at SPX 150.

]]> By: Prose Before Hos http://www.ritholtz.com/blog/2009/04/taxpayer-funded-gs-profits/comment-page-2/#comment-161999 Prose Before Hos Mon, 13 Apr 2009 23:42:12 +0000 http://www.ritholtz.com/blog/?p=23645#comment-161999 <strong>Change Your Corporate Overlords Can Profit From...</strong> Goldman Sachs, in another sign that banks may be turning around, beat Wall Street’s earnings expectations as it reported a profit of $1.66 billion for the first three months of this year. The bank also said it planned to raise $5 billion in stock... Change Your Corporate Overlords Can Profit From…

Goldman Sachs, in another sign that banks may be turning around, beat Wall Street’s earnings expectations as it reported a profit of $1.66 billion for the first three months of this year. The bank also said it planned to raise $5 billion in stock…

]]> By: Transor Z http://www.ritholtz.com/blog/2009/04/taxpayer-funded-gs-profits/comment-page-2/#comment-161997 Transor Z Mon, 13 Apr 2009 23:29:02 +0000 http://www.ritholtz.com/blog/?p=23645#comment-161997 In a separate announcement, Goldman confirmed rumors of <b>a $5 billion public offering which will be used (in addition to their current capital) to pay back the $10 billion in TARP funds (if the government will allow it).</b> Ding ding ding ding! In a separate announcement, Goldman confirmed rumors of a $5 billion public offering which will be used (in addition to their current capital) to pay back the $10 billion in TARP funds (if the government will allow it).

Ding ding ding ding!

]]> By: moneyneversleepsblog http://www.ritholtz.com/blog/2009/04/taxpayer-funded-gs-profits/comment-page-2/#comment-161989 moneyneversleepsblog Mon, 13 Apr 2009 22:16:25 +0000 http://www.ritholtz.com/blog/?p=23645#comment-161989 GS released the earnings early.. not sure what the difference is between after the bell today and before the open tomorrow but they were better than expected of course... http://moneyneversleepsblog.blogspot.com/2009/04/goldman-sachs-reports-earnings-early.html GS released the earnings early.. not sure what the difference is between after the bell today and before the open tomorrow but they were better than expected of course…

http://moneyneversleepsblog.blogspot.com/2009/04/goldman-sachs-reports-earnings-early.html

]]> By: CyHastings http://www.ritholtz.com/blog/2009/04/taxpayer-funded-gs-profits/comment-page-2/#comment-161988 CyHastings Mon, 13 Apr 2009 22:04:30 +0000 http://www.ritholtz.com/blog/?p=23645#comment-161988 pmorrisonfl Says: April 13th, 2009 at 10:26 am > Is Goldman that smart or the government that stupid? Or are they all just crooks? +1 ‘Yes’ Someone was explaining a conspiracy theory around this to me this weekend, and I got to wondering whether this is no more complicated than DC and Wall Street being populated with Ivy League frat boys who are now bailing their old drinking buddies out. ------------------------------- Heh. That reminds me of an old joke. Do you know what the difference is between a straight frat boy....and a gay frat boy?? About a six pack of beer. OK So we're fucked. Hopefully we'll see the sociopaths that are responsible in front of an honest judge at some point soon. So what's next?? 70's inflation on meth?? What would be the first sign of hyperinflation?? GDX?? Oil?? Who's going to really take the dollar down?? pmorrisonfl Says:
April 13th, 2009 at 10:26 am

> Is Goldman that smart or the government that stupid? Or are they all just crooks?
+1 ‘Yes’

Someone was explaining a conspiracy theory around this to me this weekend, and I got to wondering whether this is no more complicated than DC and Wall Street being populated with Ivy League frat boys who are now bailing their old drinking buddies out.
——————————-

Heh. That reminds me of an old joke.

Do you know what the difference is between a straight frat boy….and a gay frat boy??

About a six pack of beer.

OK

So we’re fucked. Hopefully we’ll see the sociopaths that are responsible in front of an honest judge at some point soon.

So what’s next??

70′s inflation on meth?? What would be the first sign of hyperinflation?? GDX?? Oil??

Who’s going to really take the dollar down??

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