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Thread: Goldman Sachs

  1. #1
    James48843's Avatar
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    Default Goldman Sachs

    How Goldman Sachs leveraged 70 Billion in Taxpayer bailout money, into record profits in one quarter.

    http://bankimplode.com/viewnews/2009...cordProfi.html


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  3. #2
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    Default Re: Goldman Sachs

    P.S.-

    Goldman Sachs employee bonus pool is now said to be $21 BILLION dollars, or about $800,000 per employee for the 31,700 employees of Goldman Sachs.

    http://www.nypost.com/p/news/busines...NrjNMZLGHzjd7H

    While it is true that the higher paid employees will be getting larger bonuses, it certainly begs the question- do financial companies really need taxpayer money because they are too big to fail?

    Should we not be breaking these companies up then, using anti-trust laws, to shrink them in size so that they are not "too big to fail"?

    And, if the answer is...we can't break them up because they are international companies, and our government doesn't have the power to break them up, .....why are our taxpayers bailing them out, anyway?

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    mdszj is offline TSP Starter
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    Default Re: Goldman Sachs

    Quote Originally Posted by James48843 View Post
    P.S.-

    Goldman Sachs employee bonus pool is now said to be $21 BILLION dollars, or about $800,000 per employee for the 31,700 employees of Goldman Sachs.

    http://www.nypost.com/p/news/busines...NrjNMZLGHzjd7H

    While it is true that the higher paid employees will be getting larger bonuses, it certainly begs the question- do financial companies really need taxpayer money because they are too big to fail?

    Should we not be breaking these companies up then, using anti-trust laws, to shrink them in size so that they are not "too big to fail"?

    And, if the answer is...we can't break them up because they are international companies, and our government doesn't have the power to break them up, .....why are our taxpayers bailing them out, anyway?

    Is there anything we taxpayers can do about this? I have already written 2 emails to the congressman for my area in the past year or so (about the bailouts and changes in health insurance) but of course no reply. Seems like it is not worth taking the trouble to do. But I do not think the politicians are listening.

    By the way I like your pnf thread and read it often, but mostly lurk on it. Theres a lot of good info in pnf charts that a lot of people seem to ignore.

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    phil is offline TSP Talker
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    Default Re: Goldman Sachs

    Amazing. I would love to hear something about the enormous success of our system. Utterly amazing.

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    Default Re: Goldman Sachs

    I'm surprised any of you guys are surprised.

    http://www.goldmansachs666.com/
    "Don't let your highs get too high and don't let your lows get too low." Bullitt’s Market Blog

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    Default Re: Goldman Sachs

    Quote Originally Posted by Bullitt View Post
    I'm surprised any of you guys are surprised.

    http://www.goldmansachs666.com/

    GREAT site. thanks

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  13. #7
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    Default Re: Goldman Sachs

    Didn't Slick Willie's Treasury Sec Robert Reuben change the market laws in the late 90s and then went to Goldman's to make billions for himself and other Dims?

    Follow the money and you will always find "liberals" using big gov to steal money from honest people. It happens everytime.

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