You’re right; what’s the source link? The description fails my ‘spit test’.

In fairness, it should be said that when G-S (and others) got the H1N1 vaccine it was for use on only those who were considered eligible. The NIH distributes short supplies to large firms as the most efficient way to get the most people vaccinated in the shortest time.

P.S. I think Taibbi was right on but that doesn’t excuse stretching the truth.

This is fun, but it would be nice if we could confirm such a memo.

Tired of impotent rage….would like to move up to “consequences”. Can’t do that when the data is so unreliable………

The key phrase: COMMUNITY GROUPS

It looks like the bulk of the money is really intended to strengthen Goldman Sach’s influence in the Obama Administration by funneling money to community groups. Philanthropy? I highly doubt that is the case. Likely used more as a disguise to purchase political favor when it is needed most.

If Buffett is involved in the seedy side of this scheme, then his goodwill is going to be toast. I guess when you play with snakes it is best to be one yourself.

What a-hats. Simply unbelievable.

Starting with the fact that is to be lent out over a space of five years. On top of that, 500 million spread over 10,ooo companies works out to about $50K each. Unless all they are helping out are neighbourhood convenience stores or mall kiosks, that $50K isn’t going to go very far.

Goldman’s very lucky most journalists aren’t good in math and most headline writers are completely innumerate…

Even worse, from the Bloomberg article bsneath posted:

GS will shell out $200 million to educational institutions to help guide business owners, with a further $300 million invested for lending and philanthropy aimed at community development groups

Hmmm…. How much will actually be left over for business by the time it’s filtered through all these groups, which in all likelihood are connected to Goldman Sachs already?

Agreed. I have many past experiences with employees from GS and other investment banks. All had very sharp folks, but no doubt, GS hired many of the best and they knew it. Their confidence, swagger and keen intellect fosters a culture of arrogant superiority.

When dealing with politicians or bureaucrats, the sheer weight of their personalities will dominate the debate and intimidate the other side into rolling over.

There is no doubt in my mind that Goldman Sachs was instrumental in nearly every aspect of the conditions that led to the financial meltdown. Be it the repeal of Glass-Steagall, convincing the Federal Reserve that they must have unlimited leverage capability to compete internationally or convincing the rating agencies that their models and risk management controls were of such sophistication that mortgage securities warranted triple A ratings.