Goldman Sachs Likely To Post Huge Profits, Analysts Say

New York Times:

Most of Wall Street, and America, is still waiting for an economic recovery. Then there is Goldman Sachs.

Up and down Wall Street, analysts and traders are buzzing that Goldman, which only recently paid back its government bailout money, will report blowout profits from trading on Tuesday.

Read the whole story: New York Times

Comments

[agroman]

enterprise and risk taking is what capitalism is all about...go goldman sachs!...u and your bad self....forget the jealousy mongers!

[callmeslice23]

How do you monger jealousy?

[ThunderclapNewman]

Read the comments here.

[PATina]

Then Goldman should have felt the consequences of their risk taking instead of us bailing them out.

[blueskybigstar]

There is nothing free market about them. If that were true, we would have laid them under six feet of earth a long time ago.

[rampage]

Legislation to completely remove $$$ from lobbying and public only campaign reform NOW!!!

[IndelibleVoice]

I agree, but that would be like wrestling honey from a bear. Just look at the grief and struggle we're getting with health-care reform.

[ThunderclapNewman]

Great idea.

And a near impossibility.

[rampage]

Sadly you are almost for sure correct.

[conservatist2010-12]

Obama wouldn't have got elected if this happened....All the Companies that are getting OUR TAX money(are Obama supporters)....GE (in the hopes of BILLIONS )has gone as far to hi jack the Media(and promote Obama)..All other TV News(except FOX) have done the same...Obama has also got the vote of the "blacks"(i hate calling them blacks)..(they are AMERICANS)...The Dems have destroyed our black AMERICANS..they have stolen their dreams,and ambitions....I wish they would call themselves AMERICANS..as opposed to blacks,afro,and minorities

[coveark]

Sorry last comment went to incorrect place

[coveark]

total agreement here.

[TiffanyHusseinBanned]

May I please start talking about SarahPain?

[ShawnHanks]

She is the most beautiful woman on the national political scene and you can't handle that.

[abby4ever]

Yikes, what a condescending thing to say.

[Stefan Williams]

haha, its so sad that the first comment P@lin receives from her hillbilly following is that "shes purrty"

LMAO

I can only think of the Southern Carolina Miss America rep " and as Iraq and such as.."

LOL

[VegasBabe]

she's loosing weight. first sign that she was never capable of playing with the big boys.

[conservatist2010-12]

Please do...you give her more power to defeat the Statist

[abby4ever]

Sure..but there is a thread about her up right now, a fairly lively one.

:]

[Trilby]

While the rest of us are struggling to make our bills, it is nice that someone is cracking open the champagne.

Actually not-- I just vomited a little in my mouth.

[GlobalCooler]

"I just vomited a little in my mouth." - that's known as having a sip of rampagechampagne.

[rampage]

The obsession continues.

Lmao.

[rampage]

GlobalCooler had posted he ignores my postss , yet he has replied to almost every po st I have made.

He / she just can't quit me.

Admit it GC you love you some Rampage.

[GlobalCooler]

I post to you when correcting your mistakes, your grammatical errors and your Freudian slips. Unfortunately, there are many. Case in point^.

[rampage]

Why li
e. Everyone here sees you reply to all my posts. You just did it again sweetheart.

Unfortunately I am a magnet for Syco's.

[VegasBabe]

Actually that's more like black speak. His grammar is indeed correct. Now GC, r u a male right winger or female right winger?

[Postroad]

tip: Freud said all slips were revealing ...not those you select as being "Freudian", that is "meaningful.

[Jude55807]

Goldman used American taxpayer money to gamble in high-risk areas -- and now they see profits. They need to payback Americans for the risky moves

[tinatoledo31]

they already did.

[rampage]

My understanding is the TARP $$ have been returned

[abby4ever]

Some posters have made noises about taking to the streets over this bailout thing, mostly when it was first announced, things have di_ed down a little now. For what's it's worth, there are only two scenarios in which I can imagine myself taking to the street..and there might be other posters here who feel the same. These are just hypotheticals.

First one: we find out, suppose, that it wasn't as b@d as they painted it out to be; that the whole world economy was NOT going to collapse; that we were li_ed to and deprived of our money for, simply put, the purpose of f@ttening the wallets of people whose wallets are already so f@t they can barely find a comfortable chair.

Second one: we find out that it was indeed as b@d as they said, that we were not li_ed to, that P@ulson was not fe@r-m0ngering (in order to get his own way), but that it getting that b@d was so utterly preventable that we are rendered speechless when we find out just HOW preventable it was. Speechless and physically si_ck as we shake our empty pi_ggy banks and remember what was there before...and where it is now.

Other than that, I would not take up t0rch and pitchf0rk, t@r and feathers, and the like.

[abby4ever]

Apologies for the double post.

[abby4ever]

Some posters have made noises about taking to the streets over this bailout thing, mostly when it was first announced, things have di_ed down a little now. For what's it's worth, there are only two scenarios in which I can imagine myself taking to the street..and there might be other posters here who feel the same. These are just hypotheticals.

First one: we find out, suppose, that it wasn't as b@d as they painted it out to be; that the whole world economy was NOT going to collapse; that we were li_ed to and deprived of our money for, simply put, the purpose of f@ttening the wallets of people whose wallets are already so f@t they can barely find a comfortable chair.

Second one: we find out that it was indeed as b@d as they said, that we were not li_ed to, that Paulson was not fe@r-m0ngering (in order to get his own way), but that it getting that b@d was so utterly preventable that we are rendered speechless when we find out just HOW preventable it was. Speechless and physically sick as we shake our empty piggy banks and remember what was there before...and where it is now.

Other than that, I would not take up t0rch and pitchf0rk, t@r and feathers, and the like.

[HumeSkeptic]

What we should be demanding is new regulations and enforcement of current regulations to prevent future disasters.
Also, we need laws to limit corporate influence in the government.

What does being mad at GS do? You bring them down and someone else would take their place.
It is the system that needs reform.

[abby4ever]

I thought that these kinds of regulations were already in the making! Given what has happened, I don't see that anything could justify their NOT already being in the making, rough drafts at least. If they aren't, they better get going...before it happens again. It would be inexcuseable to have it happen again all because somebody forgot to get the thing in gear...the minute they find out the current bailout was needed.

[PATina]

What we should be demanding is new regulations and enforcement of current regulations to prevent future disasters.

You're right... but now we lack the necessary leverage. What reason does Congress have to work on new financial regulations now that the crisis has been avoided and there are many other things on their plates right now??? How much more "lobbying" funds does GS has now that it's making record profits again???

[FTP]

I have a question for Sonia Sotomayor – Now with the ruling of the eminent domain of the Supreme Court against the people based on – Money-greed – So called – Corporation development – Does - Sonia Sotomayor - see this ruling as a justification – For the - Removal Theft and genocide of the Native Americans? Now with such a view from the court – U.S Government – Has this not hindered the Native Americans from Justice under the U.S. Constitution? Therefore – These treaties being recognized by international Law – Should be reviewed under International Law? And any and All violations of these Treties be – settled under International Law? Least we forget – The constitution is a binding treaty with the American People – and the saying – I condem you not – go but do it no more.

[rampage]

Sonia will be here in about 10 minutes to answer your question......

[rampage]

Sorry FTP, she called and said she is running a little late, it might be 15 or 20 minutes till she gets here.

[spinns17]

best use of land .good luck beating it anywhere in the world.

[adey]

Rampage,
Asked you a question, went pending forever, now on second page.

[rampage]

I think it's good adey. It shows the bailout worked. GS has payed back the money.

I do wonder what might have happened without the bailout though.

Now lets see them enact some strict regulation on financial markets, otherwise it will just happen again as PATina suggested earlier.

[adey]

Regulation needed to wait until we were out of the crisis, though, didn't it? Seems to me it would have gotten people morefreaked out and made it worse?

[bayviking]

Sitting at the top of a pyramid scheme. Dependent on the fastest computers parked inside the NYSE, they prey on the troglidites that work for a living. Its as easy as pie. Peasants work, scrimp and save for thirty years, G-Sax and their brethren take it all in a microsecond. When their criminal ways go asunder, they have their men in the Treasury and Federal Reserve to make them whole again, at the expense of the the working class. Its a medieval economic system.

[4peace]

Very well said, thank you.

[ThunderclapNewman]

You display a stunning lack of knowledge about the US financial markets and how they work.

[HumeSkeptic]

As I recall, most opponents of TARP were saying that bailouts wouldn't work, and that more and more would be needed to keep them alive.
Now I notice that some of the same people are complaining that it worked.

[GlobalCooler]

A $2 billion first quarter profit for GS would make most wonder if TARP was needed at all.

[HumeSkeptic]

So, first TARP was not enough because the problems were too big. And now TARP was not needed because there was no problem?

Wow!

[TiffanyHusseinBanned]

Exactly. Chit I am happy GS is profitable.

[PATina]

Most people were against TARP because they wanted the bankers who cause this mess... to reap what they sowed.

[HumeSkeptic]

All of us would have "reaped" what they sowed.
There would have been a depression.

[jaylo]

This is based on manipulation of the oil markets. It is time for the middle class to go on strike. If we all don't pay our credit cards for one month, they will get the message. We have the power, we just don't chose to use it...unlike Goldman Sachs. Stop whining and do something.

[hark]

The middle class has American Idol and other soporifics to keep its eye off the ball. And a reasonably decent standard of living. Maybe 80% of us would describe ourselves as comfortable. Polls show most Americans are happy, satisfied.

And that is the genius of it all. Corporate America is not malevolent, and they do let a decent standard of living trickle down to us peons. We don't mind the top 1% running everything, soaking up all the wealth. We call it "the American dream."

We will never revolt. We are too fat and comfortable.

[Dredd]

Fools gold ...