Is Goldman Sachs One Big Credit Portfolio?

The Big Picture:

Now that Goldman Sachs is a commercial bank comes a new set of public reporting requirements. One of these public reports is linked above, and below is a series of charts and tables from this report.

The first chart shows total credit exposure to risk-based capital for the five largest commercial banks. Below the chart is a table showing the the underlying data. Goldman Sachs is among the five largest commercial banks. Regarding their credit exposure to capital relative to their peers, we believe the technical term is "wow!"

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Read the whole story: The Big Picture

Comments

[conservatist2010-12]

Looks like the Democrats are the REAL party of the rich

[PhilipTaylor]

Of the $14 Trillion in Welfare to the WS Banks close to 90% came during the BUSH ERA from the FED and Treasury! In fact all the programs were set up under Bush!

[000Jade000]

We ought to have a #government sachs twitter revolution. Let the Sachs know how very much we hate them. Same with #aig/aiu and the rest of the #wall street banksters.

[PhilipTaylor]

Sympathize with your goal but if we can get these WS Banks into Receivership and simply apply the Glass-Steigel Rules and split them into viable and useless components that are closed down then we achieve your Goal!

Glass-Steigel them! It is a NEW verb!

[ErnestineBass]

Goldman Sachs is NOT a commercial bank in the classic sense.

[PhilipTaylor]

Goldman is as BANKRUPT as a Bank has ever achieved!

So is JPM, BofA, M0RGAN, and CITI!

All over $30 Trillion in Toxic Derivative Debt!

[PhilipTaylor]

We must STOP the Wilbur Ross(s) of the WORLD and end this EL1TIST Drain on Americans!

[WIpatriot]

G$ did this with the 'doomsday software' turned up to '1' on the dial. This quarter it is only on '3.' Don't make them turn it up to '11.'

[PhilipTaylor]

Believe me they have had it on 15 since the beginning and are pushing even harder now as they see the "WINDOW of Cheating Closing" and they want every last dollar they believe they deserve!

[AngieMom57]

"The America that I want to live in will support people who are willing to work their asses off, who want to do good things for their community."

Drown the bankers, kill the lawyers.

[noesis]

...and these flim-flam artists are an integral part of the economy because?

[PhilipTaylor]

Right! The Fake WS Economy that provides only pain and high interest rates and withdrawn credit to the Real Economy on Main Street!

[themodernleader]

Another name for derivative is "fraud". The business of Goldman Sachs is not lending. It is pay offs, kickbacks, insider trading, market manipulation and controlling governments. The actual day-to- day operation of Goldman Sachs is fraudulently taking what is righfully someone elses. And it has the backing of the full faith and credit of one of its holdings: The United States government.

[PhilipTaylor]

Well SAID Leader!

[WIpatriot]

Absolutely right, tml.

[hellboundtrain]

And, it is vitally important to keep the fraud bubble inflated!

[PhilipTaylor]

Glass-Steigel them!

Divide them up and get rid of the JUNK at the expense of the Stakeholders!

Anyone can show a Mammoth Profit if you FAKE IT using Legalized Illegal Accounting!
ENRON did!

So is G0LDMAN's $3.44BillionProfit larger than $47.7Trillion in TOXIC DEBTS?

NO! Well Then they are Bankrupt and so are ALL these Banks!

A Federal Agency in our Government, the 0ffice of the Comptroller of the Currency, 0CC, issues a quarterly Report that has the following info:

1 JPM0RGAN $81TRILLION in Toxic Derivatives
2 B 0F A $78TRILLION
3 G0LDMAN $48TRILLION
4 M0RGAN $39TRILLION
5 C1T1GROUP $32TRILLION

http://www.occ.gov/ftp/release/2009-72a.pdf
Page 23!

Without "MARK-TO-MARKET" they exaggerate the Value of Derivatives "On-Balance-Sheet" while G0LDMAN has increased their Toxic Debts from around $30Trillion to almost $48Trillion all conveniently hidden OFF-BALANCE-SHEET!

So accounting is totally FAKE! Why do analysts ignore the "MAMMOTH DEBT IN THE ROOM" - unless they are paid!

Well Congress Made this and continues to allow this 1llegal Accounting to be Legal!

So they are also to blame! But Congress is well PAID for its VOTES!

We need to:

1. Outlaw ENR0N Loophole+return to FULLY HONEST Accounting

2. Return Glass-Steigel and separate Big Banks functions into legal entities

3. Outlaw Credit Default Swaps

4. Take these Criminals to C0URT

5. Automate Banking99%+Trading100% with built in accountability - use computers to help not hurt

6. Heavily Regulate Banks+Hedge Funds+Derivatives

[PhilipTaylor]

When did it sound like a good idea to have "OFF-BALANCE-SHEET" accounting? Wasn"t this an invention by the ENR0N Accountants Arthur Anderson to hide the corrupt practices of ENR0N? Why is the ENR0N L00PHOLE still legal? AND Why is Wall Street still using it to hide their FAKE ACCONTING?

Return Democracy to our Congress and our Country for the first time since Jackson!
_________

Wilbur Ross, one of the super-rich Timmy picked for his PPIP program, in a RARE MOMENT of FULL HONESTY on CNBC last Monday, said,

"This is the largest TRANSFER of DEBT from the PRIVATE Banks to the Government in History and it will take MANY YEARS."

So are they going to gradually weigh down Americans with 50 years of GDP Growth ($700 Trillion) that will take 200 years to work OFF?

Close the Zombie BANKS, FD1C and C0NGRESS!

Wilbur Ross is also implying it is the Greatest transfer of wealth from the American People/Government to Wall Street over MANY YEARS as a corollary!

Thanks Wilbur for the RARE MOMENT of FULL HONESTY from Wall Street!

CNBC has the video interview with Maria!

[PhilipTaylor]

What about these three little matters G0LDMAN and the other top 5 WS Banks with TOXIC DEBTS:

1. Misrepresentation of Products as "AAA" LOW Risk that are SURE FAIL!

2. Manufactured Insider Trading - Far more manipulative than Chef Martha!

3. RE St0len Softwarwe: "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." Regarding stolen software they developed! Isn't this the MOST AM@ZING ADM1SS1ON in a c0urt of l@w?

1. What is wrong with writing mortgages that are SURE TO FAIL in two or four years?

2. What is wrong with slicing and combining them into a package called a Derivative that is SURE TO FAIL in two to four years? Adding lots of hidden Fees!

3. What is wrong with selling those as LOW RISK "AAA" Rated Derivatives to the little old lady down the street who thinks "AAA" means the safety of a Treasury Bill and to people (v!ctims) all over the world who think it is nearly 100% safe. What is wrong with representing JU_NK as if it is Low Risk?

4. What is wrong with using A1G Credit Default Swaps to make Massive and Repeated Bets those Derivatives are going to SURELY FAIL in Two to Four Years?

Two MAJOR LAWS ON THE BOOKS! Anyone want to guess?

[PhilipTaylor]

We must STOP the Wilbur Ross(s) of the WORLD and end this EL1TIST Drain on Americans!

[delta7777]

.
Goldman execs compensation
will not be itaken n the form of vouchers
or tied to any of Goldman's risk.
.

[not going2take it]

Goldman Sachs a facade?

[PhilipTaylor]

The Top 5 Wall Street Banks are all fakes with over $30 Trillion in Derivatives hidden off the Books!

JPM, BofA, G0LDMAN, M0RGAN, and Citi all have over $30 Trillion in Hidden Derivatives!

Wells is next with, what historically would be considered MASSIVE, at a measly $5 Trillion.

[Javani]

What it means is it is the hugest risk, standing on derivatives purported to reduce risk, but really incentivise risk, and which you will be bailing out again in about 1.5 to 2.5 years. You will have little notice, the Fed will do it and avoid those toilsome congressional approvals.

[research]

Bingo!