Goldman Sachs outrage increases, tax evader crackdown cancelled?

[Ausm]

I think we need to recycle Congress and get someone in their with the balls to make some meaningful reform.

 

[Praxis1452]

Originally posted by: Ausm
I think we need to recycle Congress and get someone in their with the balls to make some meaningful reform.

Go vote, lobby, and whinge online. It's a democracy. Don't you love democracy? :roll:

 

[LumbergTech]

Originally posted by: CPA

Originally posted by: Craig234


Our economy should reward things that are good for the nation. Build a car that helps people, get a priofit for doing it.

I thought cars caused global warming, how is that helping people?

just a guess, but i bet he meant fuel efficient vehicles

 

[Fenixgoon]

Originally posted by: LumbergTech

Originally posted by: CPA

Originally posted by: Craig234


Our economy should reward things that are good for the nation. Build a car that helps people, get a priofit for doing it.

I thought cars caused global warming, how is that helping people?

just a guess, but i bet he meant fuel efficient vehicles

why fuel efficient vehicles? why not vehicles people want? after all, the F150 being the best selling vehicle in the US for 23 years running says something about its desirability.. or at least, americans' desire for trucks/large veihcles


for the sake of argument, "fuel efficient vehicle" = econobox / hybrid

 

[ebaycj]

Originally posted by: Special K
What I find amazing is that a company can go from being on the verge of collapse to record profits in less than a year. It seems that even JPM, BOA, and C haven't made nearly the turnaround that GS has.

Maybe they don't have Goldman's trading system.

When the source code to their trading system was stolen earlier this year, the first thing that Goldman Sachs did was go to the SEC and tell them that their trading system could be used to manipulate the market.

Funny how that works, isn't it?

 

[ebaycj]

Originally posted by: CPA
Is Goldman Sachs currently holding bailout funds? no. Then take your sob story elsewhere. I like how your looter tries to play on the heartstrings of his readers by throwing a strawman argument in there about healthcare.

Yes, they are. They are holding the bailout funds that were given to AIG who in turn used it (pretty much exclusively) to pay it's obligation to Goldman Sachs.

 

[Double Trouble]

Originally posted by: ebaycj

Originally posted by: Special K
What I find amazing is that a company can go from being on the verge of collapse to record profits in less than a year. It seems that even JPM, BOA, and C haven't made nearly the turnaround that GS has.

Maybe they don't have Goldman's trading system.

When the source code to their trading system was stolen earlier this year, the first thing that Goldman Sachs did was go to the SEC and tell them that their trading system could be used to manipulate the market.

Funny how that works, isn't it?

You think GS did so well because of their "trading system"? :laugh: What a maroon.

Why does GS have to play by any other rules than any other corporation? They paid back their bailout funds, they can do whatever they want.

 

[Double Trouble]

Originally posted by: ebaycj

Originally posted by: CPA
Is Goldman Sachs currently holding bailout funds? no. Then take your sob story elsewhere. I like how your looter tries to play on the heartstrings of his readers by throwing a strawman argument in there about healthcare.

Yes, they are. They are holding the bailout funds that were given to AIG who in turn used it (pretty much exclusively) to pay it's obligation to Goldman Sachs.

So, you work for some company that indirectly benefited from the bailouts. I guess that means the government should step in and determine what you can eat for dinner now too? :roll:

 

[teddyv]

You think GS did so well because of their "trading system"?

The trading arm is solely responsible for GS' HUGE profit - every single other arm of GS lost money over the same time period.

 

[Double Trouble]

Originally posted by: teddyv

You think GS did so well because of their "trading system"?

The trading arm is solely responsible for GS' HUGE profit - every single other arm of GS lost money over the same time period.

... and you think that has something to do with their "trading system"?? hahaha

 

[monovillage]

Tax evader crackdown cancelled? Tell it to the The Chairman of the House Ways and Means committee. If the Dems won't even do anything about Rangel, why should they do anything about GS ?

 

[Special K]

Originally posted by: Double Trouble

Originally posted by: teddyv

You think GS did so well because of their "trading system"?

The trading arm is solely responsible for GS' HUGE profit - every single other arm of GS lost money over the same time period.

... and you think that has something to do with their "trading system"?? hahaha

I believe this is what teddyv is referring to:

link

direct link to NYT article

We've had a discussion on this before.

 

[imported_Lothar]

Originally posted by: Special K

Originally posted by: Lothar

Originally posted by: Special K
What I find amazing is that a company can go from being on the verge of collapse to record profits in less than a year. It seems that even JPM, BOA, and C haven't made nearly the turnaround that GS has.

GS wasn't anywhere near being on the verge of collapse.

I thought they would have gone under if the Fed hadn't given AIG its emergency loan, which allowed GS to collect on the bets it made with AIG?

GS wasn't anywhere near collapse.
MER, MS, and other regular banks were but not GS.

GS raised $5 billion by selling to Buffett. They could easily raise another $5 billion by allowing Buffett to exercise his warrants(Buffett still has warrants to buy $5 billion more in stock at the same $115 price he paid)

 

[MotF Bane]

Answer the NAACP question.

 

[Jaskalas]

Originally posted by: teddyv

We should worry more about controlling spending by the federal government.

Yup

Great chart.

 

[Darwin333]

Originally posted by: Double Trouble

Originally posted by: teddyv

You think GS did so well because of their "trading system"?

The trading arm is solely responsible for GS' HUGE profit - every single other arm of GS lost money over the same time period.

... and you think that has something to do with their "trading system"?? hahaha

Part of it, a lot of it was likely due to front running and inside info that is plainly obvious yet there never seem to be any investigations. I don't care about the bonuses but I do think they should be investigated and find it rather convenient that they haven't. I guess they really are getting a good return on all those political "investments".

 

[blackangst1]

Originally posted by: CPA
Is Goldman Sachs currently holding bailout funds? no. Then take your sob story elsewhere. I like how your looter tries to play on the heartstrings of his readers by throwing a strawman argument in there about healthcare.

edit: nevermind

 

[Craig234]

When we see some cheering a company like GS that has such a parasitical drain on our society, it makes it hard to be surprised that Stalin had many citizens supporting him.

'But he's a monster who has made the economy terrible!'

'Stop with your western propaganda!'

'But Goldman Sachs is a parasitical company draining billions out of our nation!'

'Stop with your left-wing propaganda!'