The White House, a Subsidiary of . . .
By Barry Ritholtz - August 18th, 2009, 5:00PM
Goldman Sachs:
Macro Notes
Corporate credit markets feeling the correction tooPeter Boockvar
The equity market correction over the past few weeks due to sovereign credit concerns on top of China policy tightening moves, mixed US economic data and a raised bar of earnings expectations has also gotten around to the credit markets over the past few weeks. Today, the investment grade CDS index is at 105 bps, up 4 from Friday and vs 84 bps two weeks ago. It was last at this level in late Nov in response to the news that Dubai was requesting a standstill agreement on their debt obligations. The KDP high yield index is rising to the...
read more »
The Big Picture is proudly powered by
WordPress
Entries (RSS) and Comments (RSS).
© Copyright Ginormous Content Limited 2010. All Rights Reserved.
Entries (RSS) and Comments (RSS).
© Copyright Ginormous Content Limited 2010. All Rights Reserved.
August 18th, 2009 at 5:19 pm
Excellent! Facebooked this thing with the quickness…
August 18th, 2009 at 5:22 pm
Would that be an off-balance sheet subsidiary?!?
August 18th, 2009 at 5:22 pm
Depressing. National Socialism. The corporate fascists took over without a shot being fired. The American people will not know that GS is a fascist organization until they begin to protest in earnest. Then we will all find out.
August 18th, 2009 at 5:23 pm
My post was eaten. Perhaps because I equated GS with National S*c**l*sm and Corporate F*sc*sm.
August 18th, 2009 at 5:28 pm
The White House, Subsidiary of the Giant Vampire Squid…….
August 18th, 2009 at 6:10 pm
… manipulating governments since 1869 …
… uncountable numbers of politicians serviced …
August 18th, 2009 at 6:14 pm
.
further feeding the Tin Foil Hat’s
.
August 18th, 2009 at 6:24 pm
Total no. of US lobbyists in 2009: 12,572
http://www.opensecrets.org/lobbyists/
Giant vampire Squids: 1 (aka Gov’t Sachs)
Registered voters: approx. 180M (2008)
Registered voters with equal access: 0
Is something wrong here?
Bigger threat to US: Al-Qaeda, or the other ruthless entity?
Nice to chat on this subject, but only on blogs, or “Rolling Stone” though. WAY off the beaten path from mainstream media.
GS in some ways is like the Eveready bunny, but not so cute, and cuddly (think warg – LotR) IMHO.
http://en.wikipedia.org/wiki/Warg
August 18th, 2009 at 6:26 pm
That would be hats, tool, a plural form of a noun.
August 18th, 2009 at 6:41 pm
IMO, the primary dealers’ over-integration and dependence on the Fed and Treasury makes them GSE’s.
If anyone’s gonna throw a Boston Tea Party, it should be in New York.
August 18th, 2009 at 6:43 pm
so funny…saw that cartoon today and said to myself when is Barry gonna put it up?
I remember being 13 years old in 1990 and seeing a cartoon in Mad Magazine of the White House with “Property of Japan” on the gate. nothing changes I suppose.
sad part is, we’re not even talking exaggeration at this point.
lol, great find.
August 18th, 2009 at 6:52 pm
So buy their stock if you’re so sure they’re the Illuminati
August 18th, 2009 at 7:20 pm
You forgot to mention Obama is also the servant of BIG PHARMA.
I believe he will be impeached for this, and rightly so. Lying directly to congress and the poor sheep sitting in those staged town hall meetings while secretly taking $150 million dollar bribe from BIG PHARMA so as not to reform anything at all.
http://www.huffingtonpost.com/2009/08/13/internal-memo-confirms-bi_n_258285.html
August 18th, 2009 at 7:30 pm
Good one LB! lol
If you’re gonna be obnoxious, at least use proper grammar.
August 18th, 2009 at 7:54 pm
Timmy Geithner’s actual job is ‘water boy’ for Goldman Sucks
August 18th, 2009 at 8:01 pm
Not the Illuminati – just a bunch of common thieves.
August 18th, 2009 at 8:09 pm
I call BNR on The Tin Foil Hats. Here are the track titles from our upcoming EP, “Novus Ordo Seclorum”
‘33 Fiat
Bore-oboros
Believe the Hype(rinflation)
Gold Buggin’
August 18th, 2009 at 8:10 pm
VennData Says:
So buy their stock if you’re so sure they’re the Illuminati
________
Interesting comment. Sort of gets to the heart of the problem — why fight the Evil Empire if you can join it. You can count on this: stock or no, in the end, the bankers will separate you from your money (and ultimately, your rights if you give them half a chance).
August 18th, 2009 at 8:11 pm
The flag should be flying upside down as our symbol of national distress.
August 18th, 2009 at 8:27 pm
While being a stockholder in GS may be a shrewd tactic in the fact that they are in control and have secured a position of dominance in the investment banking niche with the fall of their competition, the returns as a stockholder are much less than the egregious returns allocated to management in the effect of compensation, bonuses, and options. (same effect holds true for the taxpayer, who has reaped only losses in the recent transactions). I guess having a little of something as a stockholder as juxtaposed to getting a lot of nothing as an abject and exploited taxpayer may in fact be a prudent choice, given, of course, your proclivities to moral and ethical steadfastness do not preclude such a choice.
August 18th, 2009 at 8:57 pm
BR:
You were on C-Span 2 tonight. Didn’t know if you knew they were replaying your Book Club appearance on Long Island.
August 18th, 2009 at 10:26 pm
“So buy their stock if you’re so sure they’re the Illuminati.” – one of the dumber suggestions made.
i like the other suggestion i’ve read on this blog somewhere – refuse to play along, start dealing in cash, and stay “off-the-grid”.
August 18th, 2009 at 10:40 pm
@Marcus: Totally agree. What a pathetic culture we’ve become. Get as much loot and accumulate as much stuff as fast as you can while you can. Doesn’t matter how you do it. Just do it. Every man, woman and child for themselves. “If you can’t beat ‘em join ‘em”. Maybe that mantra should replace “Land of the Free, Home of the Brave.
August 19th, 2009 at 12:27 am
Is the house in that illustration in foreclosure?
for sale?
I’m just interested in making a buck here…
August 19th, 2009 at 4:20 am
cvienne, once their neg-am resets the short sale will be the chance of a lifetime.
August 19th, 2009 at 7:37 am
GS is at the moment in control of a White House that is out of touch with how the world is changing. GS’s natural strategy is regulatory capture, a la M. Olson and others. GS is really Wile E. Coyote over the cliff giving gravity lessons. Recall that last week Elizabeth Warren called the financial behemoths dinosaurs, a metaphor only used to indicate that they are a dying breed. If you take peak oil into consideration you get one rhetorical question that spells out GS, et al’s fate: How do you have growth without an increasing amount of energy to do work? I’ll not get into alternatives, but peak oil skeptics should now spell out exactly where the energy -especially liquid fuels- lost from peak oil is going to come from. Whether she knows it or not, Warren is talking about the limits to grwoth and the greatly reduced role for Gs, et al in that context. Neither the government or Gs creates wealth.
August 19th, 2009 at 9:57 am
Winston Munn ” .. just a bunch of common thieves”
___
Holly Gennero McClane: After all your posturing, all your little speeches, you’re nothing but a common thief.
Hans Gruber: I am an exceptional thief, Mrs. McClane. And since I’m moving up to kidnapping, you should be more polite.
___
John McClane: So that’s what this is about, Hans? A fucking robbery?
Hans Gruber: Put down the gun.
John McClane: Why’d you have to nuke the whole building, Hans?
Hans Gruber: Well, when you steal $600, you can just disappear. When you steal 600 million, they will find you, unless they think you’re
….. TBTFight