Goldman Wins - Did Taxpayers Lose?

finance.yahoo.com:

Goldman shares were strong Monday morning as Meredith Whitney made some positive comments about banks generally and upgraded Goldman, specifically. Goldman is a "bull stock for a bear market," the influential analyst said on CNBC.

Read the whole story: finance.yahoo.com

Comments

[Christian]

When every industry, company, and small business is out there trying to figure out how to get back to profitability, some just trying to stay alive, and the company in the heart of the melt down is back to fat profits already, I cannot help but to smell something putrid. Now if they show us fat profits as we have heard, that money had to be squeezed from the economy from somewhere and from someone, for some worthy reason.
Something is out of whack here and I just can't put my finger on it, but it sure smells like crap from way out here.

[3dtrix]

Good call - when the few who have no interest whatsoever in the welfare of the many are doing well, it's a fair assumption the the many will pay the price...

[PhilipTaylor]

This is truly an amazing assestment of a company with $47.7 Trillion in TOXIC DERIVATIVES hidden "OFF-Balance-Sheet" (ENR0N L00PHOLE) as reported by the Office of the Comptroller of the Currency.

I suppose someone who ignores "Mark-to-Market" and "OFF-Balance-Sheet items" would think G0LDMAN is in having the time of its life using their automated MARKET(S) Manipulation Software that Ph.D.'s with a bent on pushing the boundaries on CR1ME developed!

[PhilipTaylor]

"The bank (Goldman) has raised the possibility that there is a danger that somebody who knew how to use this program could use it to manipulate the market in unfair ways."

Thanks to retreadite!

[retreadite]

From John Crudele @ NY Post regarding a theft of Goldman's trading strategy:

"Federal prosecutors accused a guy named Sergey Aleynikov of stealing proprietary "black box" computer codes from Goldman. The agent in charge of the case said the following in court: "The bank (Goldman) has raised the possibility that there is a danger that somebody who knew how to use this program could use it to manipulate the market in unfair ways." What was Goldman doing with a program that could "manipulate the market in unfair ways"?

The answer: It was using it to manipulate the market"

[PhilipTaylor]

Isn't this the most am@zing adm!ss!on in a C0URT of L@W?

[skeptical2]

Maybe Goldman should pay for our new health care system.

[norepublicanleftbehind]

We'll never see a dime.

[hulagirrrl]

Over and over again I question why were there not any investigations into bankers? The politics of the past are to blame for letting banks get too big to fail, and I am not an expert, but I am so sick of seeing money being pumped into banks and car manufacturers who will not survive the next five years, because they also were in deep water long ago.
All the money should have been invested in education, research and development. No, I do not mean to paint little school houses, but to create jobs that qualified people can get now that they are unemployed. Infrastructure recovery would have prompted private businesses to revive, I am sure of.- and those are things that I feel we can leave a future generation to pay for (education, good infratstructure), but to have them pay for failed banks and bonuses for greed, that should shame us all.

[hellboundtrain]

Well, sure, but we have been told that we don't look to the past for crimes committed.
I guess that we can safely assume that the crimes of today will not be prosecuted at any time in the future tomorrows, because then we would have to look in the past (Which we don't do!)

This makes sense in Wonderland.