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Goldman Beats Street- Reuters
Goldman Sachs Group Inc said on Tuesday that its second quarter net income rose to $3.44 billion, or $4.93 a share, compared to $2.05 billion, or $4.58 a share a year ago.
very interesting article in Rolling Stone THE GREAT BUBBLE MACHINE
Yeah, but it's bullshit. It's just the money we all gave AIG that got passed through to Goldman (all arranged by past and future Goldman employees working in government and for the Federal Reserve.) And they're still doing a ton of off balance sheet accounting shenanigans to hide their liabilities. If you take away the government hand outs and forced them to mark their balance sheet to market (or to something at least close to reality) they would not be turning a profit. They're just kicking this shit down the road; they're not fixing anything.
The Matt Taibbi article is very good.
its interesting if you would have thrown down for the stock at the low (late Nov 08) and sold today it would be 200% gain.....snake (oil)
taibbi on democracy now (have to forward to min 36)
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Goldman Beats Street- Reuters
Goldman Sachs Group Inc said on Tuesday that its second quarter net income rose to $3.44 billion, or $4.93 a share, compared to $2.05 billion, or $4.58 a share a year ago.
very interesting article in Rolling Stone THE GREAT BUBBLE MACHINE
- Skinny 7-14-2009 2:02 pm
Yeah, but it's bullshit. It's just the money we all gave AIG that got passed through to Goldman (all arranged by past and future Goldman employees working in government and for the Federal Reserve.) And they're still doing a ton of off balance sheet accounting shenanigans to hide their liabilities. If you take away the government hand outs and forced them to mark their balance sheet to market (or to something at least close to reality) they would not be turning a profit. They're just kicking this shit down the road; they're not fixing anything.
The Matt Taibbi article is very good.
- jim 7-14-2009 2:30 pm [add a comment]
its interesting if you would have thrown down for the stock at the low (late Nov 08) and sold today it would be 200% gain.....snake (oil)
- Skinny 7-14-2009 3:06 pm [add a comment]
taibbi on democracy now (have to forward to min 36)
- dave 7-16-2009 3:38 pm [add a comment]