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Not content with being a global pariah, Goldman Sachs enters talks with Fannie Mae to buy the biggest tax break in history



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GurneyHalleck
2009-11-02 10:02:28 AM


Please. Whoever has the ninja army working for the forces of light--release them now and make Goldman Sachs your first target. Make sure you use plenty of fire to cleanse their evil from this world.

 
IrateShadow
2009-11-02 10:13:18 AM


Goldman Sachs Group is in talks to buy millions of dollars of tax credits from Fannie Mae, but the U.S. Treasury could block the deal

Yeah, like that's gonna happen.

 
Shaggy_C
2009-11-02 10:28:25 AM


blogs.ft.com

 
Postal Penguin
2009-11-02 10:30:10 AM


"Treasury is reviewing and will not let it proceed unless it is clearly in the taxpayers' interestwe receive enough lobbying gifts," Treasury spokesman Andrew Williams said,

FTFY.

 
gittlebass
2009-11-02 10:31:06 AM


well, fannie mae is at $1, might be worth it to buy some shares if goldman does infact buy it

 
dragonchild
2009-11-02 10:42:37 AM


As if Goldman Sachs gives a shiat about their reputation.

Mind you, the dirtier they get, the more certain types of people want to work there. I'm all for cockroaches nesting together when it makes them predictably easy to avoid, but in this case, the cockroaches have taken over the kitchen.

 
Magorn
2009-11-02 10:42:57 AM


GurneyHalleck: Please. Whoever has the ninja army working for the forces of light--release them now and make Goldman Sachs your first target. Make sure you use plenty of fire to cleanse their evil from this world.

And Let's not forget they are now the #1 forecloser in the nation (new window)as they send out squads of foreclosure lawyers try to squeeze out a few more drops of profit from the Mortgage-backed securities they hold. You know the ones they continued to enthusiatically push to thier clients even while THEY were secretly laying heavy bets on the real-estate market collapsing (new window)?


Is Goldman-Sachs really Just an alternative spelling of Vader-Palpatine?

 
MBrady
2009-11-02 10:51:10 AM


THIS is the kind of crap that Obam should NOT allow.

 
9-9
2009-11-02 10:58:10 AM


Unfortunately they donated quite heavily to his campaign.

 
9-9
2009-11-02 11:05:28 AM


Just in case you thought the water was different:
GS -> The "O" (new window)

Bankers -> "Cheeks" (new window)

 
xtragrind
2009-11-02 11:05:56 AM


MBrady: THIS is the kind of crap that Obam should NOT allow.

It's obvious that the administration/Treasury is completely outplayed by the suits at Sachs. My only hope is that they order a military strike on these banks that obviously played dead to get all the free taxpayer money...

Look at the profits of these guys that Congress bailed out... Meanwhile the rest of the country is in the toilet.

Great plan guys.

 
AmazingRuss
2009-11-02 11:19:17 AM


Magorn: GurneyHalleck: Please. Whoever has the ninja army working for the forces of light--release them now and make Goldman Sachs your first target. Make sure you use plenty of fire to cleanse their evil from this world.

And Let's not forget they are now the #1 forecloser in the nation (new window)as they send out squads of foreclosure lawyers try to squeeze out a few more drops of profit from the Mortgage-backed securities they hold. You know the ones they continued to enthusiatically push to thier clients even while THEY were secretly laying heavy bets on the real-estate market collapsing (new window)?


Is Goldman-Sachs really Just an alternative spelling of Vader-Palpatine?



Each and every one of us, including the children, are being raped and mugged for tens of thousands of dollars. I thought the second amendment was supposed to prevent/fix this kind of crap. Apparently its purpose is really to make you feel safe at the zoo.

 
dragonchild
2009-11-02 11:34:17 AM


AmazingRuss: I thought the second amendment was supposed to prevent/fix this kind of crap. Apparently its purpose is really to make you feel safe at the zoo.

The guys with the guns are against the government stopping anything.

 
Debeo Summa Credo
2009-11-02 11:34:47 AM


dragonchild: As if Goldman Sachs gives a shiat about their reputation.

Exactly. Why should they care? They've done absolutely nothing wrong in this whole disaster (well, nothing that every other financial firm didn't do) and they've managed their balance sheet much better than any of the other top financial firms. Still they are demonized by idiots, just because they managed their risk better than anyone else.

 
hockeyfarker
2009-11-02 11:35:43 AM


I'm sure Goldman Sachs is crying about their global reputation into their solid gold beer glasses.

and wondering why people all of a sudden hate them for doing their job.

 
gittlebass
2009-11-02 11:43:12 AM


Debeo Summa Credo: dragonchild: As if Goldman Sachs gives a shiat about their reputation.

Exactly. Why should they care? They've done absolutely nothing wrong in this whole disaster (well, nothing that every other financial firm didn't do) and they've managed their balance sheet much better than any of the other top financial firms. Still they are demonized by idiots, just because they managed their risk better than anyone else.


do you like goats, troll?

 
mandrsn1
2009-11-02 11:46:22 AM


MBrady: THIS is the kind of crap that Obam should NOT allow.

People at Goldman Sachs gave money to Obama 3:1 to what they gave to McCain. You think he is going to go after them?

 
illusi0n
2009-11-02 11:51:05 AM


Debeo Summa Credo: dragonchild: As if Goldman Sachs gives a shiat about their reputation.

Exactly. Why should they care? They've done absolutely nothing wrong in this whole disaster (well, nothing that every other financial firm didn't do) and they've managed their balance sheet much better than any of the other top financial firms. Still they are demonized by idiots, just because they managed their risk better than anyone else.


No. They managed to put/bribe individuals in government positions to protect them. They did not effectively manage their risk as is evident by the amount of AIG counter party risk that they had. Had the Treasury not given them 100% value on the CDSs, since many other banks didn't get the privilege of 100% payouts, they would have lost money and wouldn't be making record bonus payouts.

The only thing they did better was committing fraud.

 
Clarence Potter
2009-11-02 11:51:29 AM


gittlebass: Debeo Summa Credo: dragonchild: As if Goldman Sachs gives a shiat about their reputation.

Exactly. Why should they care? They've done absolutely nothing wrong in this whole disaster (well, nothing that every other financial firm didn't do) and they've managed their balance sheet much better than any of the other top financial firms. Still they are demonized by idiots, just because they managed their risk better than anyone else.

do you like goats, troll?


Why is his post a trolling post?

 
gittlebass
2009-11-02 11:53:46 AM


Clarence Potter: Why is his post a trolling post?

because im norwegian and can spot trolls up to a mile away.

 
Clarence Potter
2009-11-02 11:53:55 AM


illusi0n: Had the Treasury not given them 100% value on the CDSs, since many other banks didn't get the privilege of 100% payouts, they would have lost money and wouldn't be making record bonus payouts.

Many other banks from the AIG debacle? I'll need you to source that, please.

 
Clarence Potter
2009-11-02 11:54:40 AM


gittlebass: Clarence Potter: Why is his post a trolling post?

because im norwegian and can spot trolls up to a mile away.


Your optics are out of alignment.

 
FarkIlk01
2009-11-02 11:56:48 AM


mandrsn1: People at Goldman Sachs gave money to Obama 3:1 to what they gave to McCain. You think he is going to go after them?

McCain stopped his campaign to help the banks. That being said the highest levels of the GOP and Democratic party are owned by Wall Street and the bankers. They've been fleecing us long before Obama got into to office and will do so after he is out of office.

At night when the White House is quiet and Obama's taking a long drag on a cigarette with a stack of financial papers in front of him from the banks, he finishes off his scotch and thinks about who really runs the country. He turns out the lights, thinks of his daughters, and goes to bed.

 
Triumph
2009-11-02 11:58:41 AM


Those guys make Standard Oil look like Boy Scouts.

 
RockIsDead
2009-11-02 12:02:00 PM


HAHAHAH!

CHANGE!

 
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