bingobob777 Posted July 14, 2009 Share Posted July 14, 2009 Bumper profits, yet we're having to pay for insurance to fund our old age. God even I'm starting to think this doesn't add up http://news.bbc.co.uk/1/hi/business/8149762.stm Quote Link to comment Share on other sites More sharing options...
THE BALD MAN Posted July 14, 2009 Share Posted July 14, 2009 Bumper profits, yet we're having to pay for insurance to fund our old age.God even I'm starting to think this doesn't add up http://news.bbc.co.uk/1/hi/business/8149762.stm Exploitation of their monopolistic position...should be taxed at a rate to reflect this. Quote Link to comment Share on other sites More sharing options...
US Citizen Posted July 14, 2009 Share Posted July 14, 2009 Suspicous if you ask me. Profitting from an engineered crash. Quote Link to comment Share on other sites More sharing options...
Rachman Posted July 14, 2009 Share Posted July 14, 2009 It was forced to take TARP funding, not because of its business, but because of political leaning on it. It repaid it sharpish, including interest and it's making a fortune underwriting rights issues. What do you people want - a well run bank that's profitable and doing well at what it does, or do you want the government to run things ? Who do you distrust least ? What's the problem - it's a private sector company, it's making pots of money - why should it not share them out - or do you all the socialists want to tax them out of existence ? Quote Link to comment Share on other sites More sharing options...
shedfish Posted July 14, 2009 Share Posted July 14, 2009 What do you people want Lord Blankfein's head on a spike would be a good start ...or at least force him to wear an Elvis wig in public Quote Link to comment Share on other sites More sharing options...
Olebrum Posted July 14, 2009 Share Posted July 14, 2009 Business as usual in the rigged market then. Quote Link to comment Share on other sites More sharing options...
MOP Posted July 14, 2009 Share Posted July 14, 2009 Lord Blankfein's head on a spike would be a good start...or at least force him to wear an Elvis wig in public Lord Blankfein is not amused by this remark......... Quote Link to comment Share on other sites More sharing options...
worzel Posted July 14, 2009 Share Posted July 14, 2009 It was forced to take TARP funding, not because of its business, but because of political leaning on it. It repaid it sharpish, including interest and it's making a fortune underwriting rights issues.What do you people want - a well run bank that's profitable and doing well at what it does, or do you want the government to run things ? Who do you distrust least ? What's the problem - it's a private sector company, it's making pots of money - why should it not share them out - or do you all the socialists want to tax them out of existence ? I think they did pretty well out of their counterparties being bailed out and being able to pay them, Most companies dont have that luxury when their debtors go pop. Quote Link to comment Share on other sites More sharing options...
mdman Posted July 14, 2009 Share Posted July 14, 2009 Lord Blankfein is not amused by this remark......... He's not a lord - he's a lloyd GS would be bust without the $12bn or so it embezzled from the US taxpayer through AIG. It would also be bust if it had to come clean on all its assets Those GS bankers who shorted toxic assets while selling them on to investors - they should be jailed GS bankers apparently admitted the existence of a trading program, allegedly stolen by an ex, that enables traders to manipulate markets. They should be subject to a forensic investigation on the basis of their own claims! I'm sure there's many more examples of their criminal behaviour Instead, through high level bribery and corruption, GS has bought the law For as long as they own the law to steal from us and the law fails - mob justice will have to do. Quote Link to comment Share on other sites More sharing options...
MOP Posted July 14, 2009 Share Posted July 14, 2009 He's not a lord - he's a lloyd It was a Shedfish joke. Quote Link to comment Share on other sites More sharing options...
Guest spp Posted July 14, 2009 Share Posted July 14, 2009 "Things are very fragile but they manage to make money in all environments, which is what you're supposed to do," he added. Shouldn't that be "Things are very fragile but they manage to manipulate the market it all environments" ??? Shocking! Quote Link to comment Share on other sites More sharing options...
smiffy1967 Posted July 14, 2009 Share Posted July 14, 2009 It was forced to take TARP funding, not because of its business, but because of political leaning on it. It repaid it sharpish, including interest and it's making a fortune underwriting rights issues.What do you people want - a well run bank that's profitable and doing well at what it does, or do you want the government to run things ? Who do you distrust least ? What's the problem - it's a private sector company, it's making pots of money - why should it not share them out - or do you all the socialists want to tax them out of existence ? You are simply wrong. The whole financial system is kaput business as usual cannot continue. This Bank is helping to rape the earth for every last resource left to us and our children and they simply dont give a dam! The current financial system cannot work unless we find another 3 or 4 planet earths. The Earth is running out of everything not just Oil http://europe.theoildrum.com/node/5559 You only need to spend a few weeks trawling through the oil drum to get an idea as to what is happening and there are some very respected individuals whom post on the site. Quote Link to comment Share on other sites More sharing options...
smiffy1967 Posted July 14, 2009 Share Posted July 14, 2009 It was forced to take TARP funding, not because of its business, but because of political leaning on it. It repaid it sharpish, including interest and it's making a fortune underwriting rights issues.What do you people want - a well run bank that's profitable and doing well at what it does, or do you want the government to run things ? Who do you distrust least ? What's the problem - it's a private sector company, it's making pots of money - why should it not share them out - or do you all the socialists want to tax them out of existence ? You are simply wrong. The whole financial system is kaput business as usual cannot continue. This Bank is helping to rape the earth for every last resource left to us and our children and they simply dont give a dam! The current financial system cannot work unless we find another 3 or 4 planet earths. The Earth is running out of everything not just Oil http://europe.theoildrum.com/node/5559 You only need to spend a few weeks trawling through the oil drum to get an idea as to what is happening and there are some very respected individuals whom post on the site. Quote Link to comment Share on other sites More sharing options...
THE BALD MAN Posted July 14, 2009 Share Posted July 14, 2009 It was forced to take TARP funding, not because of its business, but because of political leaning on it. It repaid it sharpish, including interest and it's making a fortune underwriting rights issues.What do you people want - a well run bank that's profitable and doing well at what it does, or do you want the government to run things ? Who do you distrust least ? What's the problem - it's a private sector company, it's making pots of money - why should it not share them out - or do you all the socialists want to tax them out of existence ? It is exploiting a monopolistic position . The excess profits should be taxed. Quote Link to comment Share on other sites More sharing options...
Mikhail Liebenstein Posted July 14, 2009 Share Posted July 14, 2009 Exploitation of their monopolistic position...should be taxed at a rate to reflect this.It simple Goldman Sachs does not create wealth, it just plunders the Government licensed token system called the money supply. Everyone else has to scrap for cash, whilst GS gets its contracts with otherwise bankrupt AIG paid for by the government. If you are a small firm whose supplier goes bust and your credit insurance provider is bust you get zero. GS get to claim 20 times for the same event with the Government picking up the bill. Quote Link to comment Share on other sites More sharing options...
Confounded Posted July 14, 2009 Share Posted July 14, 2009 "Things are very fragile but they manage to make money in all environments, which is what you're supposed to do," he added. Shouldn't that be "Things are very fragile but they manage to manipulate the market it all environments" ??? Shocking! Careful though, there seem to be some GS workers/PR people on this board who will immediately offer you a role of tin foil for such a suggestion to try and police the decent that is rising. Quote Link to comment Share on other sites More sharing options...
muggle Posted July 14, 2009 Share Posted July 14, 2009 Mods - would it be possible to merge this with an earlier thead? http://www.housepricecrash.co.uk/forum/ind...howtopic=119915 Quote Link to comment Share on other sites More sharing options...
Confounded Posted July 14, 2009 Share Posted July 14, 2009 Worth a watch http://www.bloomberg.com/avp/avp.htm?N=av&...zOw2.PQ5THc.asf Quote Link to comment Share on other sites More sharing options...
MOP Posted July 14, 2009 Share Posted July 14, 2009 http://zerohedge.blogspot.com/2009/07/gasp...protecting.htmlcheck out this one Holy **** Batman! Quote Link to comment Share on other sites More sharing options...
Guest spp Posted July 14, 2009 Share Posted July 14, 2009 Careful though, there seem to be some GS workers/PR people on this board who will immediately offer you a role of tin foil for such a suggestion to try and police the decent that is rising. It was simply just a question. I'm just a crazy little guy...they are free to question my sanity if they wish to do so. I'm no Aleynikov and have no intention of ever using trading software to "manipulate markets in unfair ways". Quote Link to comment Share on other sites More sharing options...
Rachman Posted July 14, 2009 Share Posted July 14, 2009 (edited) You are simply wrong. The whole financial system is kaput business as usual cannot continue. This Bank is helping to rape the earth for every last resource left to us and our children and they simply dont give a dam! The current financial system cannot work unless we find another 3 or 4 planet earths. The Earth is running out of everything not just Oil http://europe.theoildrum.com/node/5559 You only need to spend a few weeks trawling through the oil drum to get an idea as to what is happening and there are some very respected individuals whom post on the site. So did you use Alcan, or Asda's own brand for your tin foil hat. Seriously, you're frightening me. A lot of the people here seem to be so deluded as to think that taxing something to death is a good idea and that the government will do anything positive with that money..... Edited July 14, 2009 by Rachman Quote Link to comment Share on other sites More sharing options...
Stay Beautiful Posted July 14, 2009 Share Posted July 14, 2009 It was forced to take TARP funding, not because of its business, but because of political leaning on it. It repaid it sharpish, including interest and it's making a fortune underwriting rights issues.What do you people want - a well run bank that's profitable and doing well at what it does, or do you want the government to run things ? Who do you distrust least ? What's the problem - it's a private sector company, it's making pots of money - why should it not share them out - or do you all the socialists want to tax them out of existence ? US Gummint, The Federal Reserve, Goldman Sachs,,,,,,,,, High Five Quote Link to comment Share on other sites More sharing options...
Rachman Posted July 14, 2009 Share Posted July 14, 2009 US Gummint, The Federal Reserve, Goldman Sachs,,,,,,,,, High Five that's right - no doubt they are all in the same synagogue and mason's group too. They all colluded to bring everyone else down - even Uncle Warren's in on it. Quote Link to comment Share on other sites More sharing options...
Minos Posted July 14, 2009 Share Posted July 14, 2009 Holy **** Batman! I guess goldman will soon move (operations) into another body while the old one is allowed to be destroyed. Quote Link to comment Share on other sites More sharing options...
Guest DissipatedYouthIsValuable Posted July 14, 2009 Share Posted July 14, 2009 (edited) that's right - no doubt they are all in the same synagogue and mason's group too.They all colluded to bring everyone else down - even Uncle Warren's in on it. It's a Roulette game with the Fed supplying the chips and Goldman Sachs betting while positioning magnets under the numbers they like. Edited July 14, 2009 by DissipatedYouthIsValuable Quote Link to comment Share on other sites More sharing options...
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