Obama Plan to Seriously Hurt Goldman
Started by
souelle6
, Jan 21 2010 02:54 PM
12 replies to this topic
#1
souelle6
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Posted 21 January 2010 - 02:54 PM
BAC, C having worse days than GS on Obama lock up on prop trading news... GS probably should have been hit worse as they have 80% + in trading revenues... Mid-Term downtrend clearly emerging in GS... With break today on volume spike, who knows what is next... If it were not such a favorable environment for equities as a whole would be an obvious mid-term short
"It's not the thinkin' that makes the money, it's the sittin' and waitin' that makes the money" -- J.L
#2
fib_1618
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Posted 21 January 2010 - 04:59 PM
Just another political shell game of deception...no different than the windfall profits tax, just a different sector focus.Obama lock up on prop trading news
Fortunately, it won't get anywhere...fast.
Fib
Better to ignore me than abhor me.
“Wise men don't need advice. Fools won't take it” - Benjamin Franklin
"Beware of false knowledge; it is more dangerous than ignorance" - George Bernard Shaw
Demagogue: A leader who makes use of popular prejudices, false claims and promises in order to gain power.
#3
thespookyone
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Posted 21 January 2010 - 05:17 PM
He'd better stay well protected-money has no conscience.
#4
fib_1618
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Posted 21 January 2010 - 05:30 PM
That's like saying a SUV went out its way to cause an accident when it was the one behind the wheel who's to blame.money has no conscience
Fib
Better to ignore me than abhor me.
“Wise men don't need advice. Fools won't take it” - Benjamin Franklin
"Beware of false knowledge; it is more dangerous than ignorance" - George Bernard Shaw
Demagogue: A leader who makes use of popular prejudices, false claims and promises in order to gain power.
#5
SilentOne
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Posted 21 January 2010 - 05:37 PM
He'd better stay well protected-money has no conscience.
Its unfortunate to have to think that way, but it is the sad reality of the situation today. There has been no real effort to reform the financial industry since Greenspan/Rubin and crew railroaded any attempts to regulate. But Goldman Sachs and Wall Street banks are exactly what is wrong with our financial world today. As much as I like trading the volatility offered by these markets, they are in fact very sick IMO. Bubbles will not go away nor excess speculation until some of the elephants are dealt with. The expression "financial mafia" comes to mind. The coming year is going to be muy interesting. Someone is going to lose big this year IMO.
cheers,
john
Edited by SilentOne, 21 January 2010 - 05:41 PM.
"By the Law of Periodical Repetition, everything which has happened once must happen again and again and again-and not capriciously, but at regular periods, and each thing in its own period, not another's, and each obeying its own law ..." - Mark Twain
#6
thespookyone
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Posted 21 January 2010 - 05:37 PM
Fib-Guess I should have been more precise-I meant the 1% of folks that controll 90 percent of the money in this country have no conscience. If he is serious (dubvious), I wasn't kidding about the protection.
#7
BigBadBear
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Posted 21 January 2010 - 05:43 PM
your indicators are bullish but you are highly negative on the Govt.[dont even believe he is a US citizen 
]
life must be a huge irony for you Fib.[ a 'birther' yet a bull ]
I hope when we breach DOW 9K in the 2nd qtr you will admit that you were just plain wrong
]
life must be a huge irony for you Fib.[ a 'birther' yet a bull ]
I hope when we breach DOW 9K in the 2nd qtr you will admit that you were just plain wrong
#8
fib_1618
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Posted 21 January 2010 - 06:17 PM
To provide some clarity of who (or what) exactly are (is) to blame, riddle me this....But Goldman Sachs and Wall Street banks are exactly what is wrong with our financial world today.
1) Since GS is now a bank, who do they borrow money from for ongoing operations?
and once you've answered that question...
2) Who coerced GS, AXP and others to become banks in the first place to cover up the problem?
The answer to both questions are the same, and so the misplaced deception.
Fib
Better to ignore me than abhor me.
“Wise men don't need advice. Fools won't take it” - Benjamin Franklin
"Beware of false knowledge; it is more dangerous than ignorance" - George Bernard Shaw
Demagogue: A leader who makes use of popular prejudices, false claims and promises in order to gain power.
#9
thespookyone
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Posted 21 January 2010 - 08:29 PM
misplaced deception?
The answer to that would lie in who is truly in control=politicians-I think not. Decisions are clearly made, or at least highly tempered by those mentioned institutions, that lobby with HUNDREDS of Millions of dollars-and continue to place their ex-clan in positions of high utility power in our government. That AIG was able to FULLY pay off Goldman in a situation where any normal person could get out of for 20 cents on the dollar, without question one from our "govenment" says it all.
#10
milbank
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Posted 21 January 2010 - 08:56 PM
Government is the SUV. Money is the driver.
"The power of accurate observation is commonly called cynicism by those who have not got it."
--George Bernard Shaw
"None are so hopelessly enslaved as those who falsely believe they are free."
--Johann Wolfgang von Goethe
