Welcome to the Garden State, Mr. President

Thanks for providing us with the free advert for Christie, though as he is swimming in graft already, he certainly doesn't need it.

"The TARP funds and the financial bail-out were created under the Bush administration . . . not the "Chicago Way Thugs" as cleverly described."

Again, Bush, Paulson, and crew were wrong in doing so (I do not idolize politicians and believe they are infallible as some, particularly on the Left). Let's remember that The One voted for TARP and continued its roll-out.

You view this (and many other issues) as a zero-sum game in which one side is right and one side is wrong. It never occurs to you that both sides could be wrong (as they are in this case - support for TARP and bailouts in general). Free yourself from blind adherence to ideology and you'll see the world differently.

Wait a second here. Paying back $10 billion to the government is now a bad thing?

Making profit is now a bad thing?

Is there no consistency in the arguments?

This money was under TARP - put in place under Bush; I could care less whose triumph it is - if it works.

If they've paid back $10 billion already, you're just playing partisan politics regardless of the story. Not unexpected, but disappointing

"...Goldman is still carrying $30 billion in government taxpayer-guaranteed debt...just so you know, this is not a good thing. Obama and The Chicago Way Thugs picking winners and losers (as usual)." Posted by: tjp612 | Jul 16, 2009 5:59:40 PM

"You obviously have little understanding of corporate finance or the benefits that Goldman Sachs received under TARP that all of its competitors did not received (such as I pointed out $30 billion in government taxpayer-guaranteed debt)." Posted by: tjp612 | Jul 16, 2009 8:52:05 PM
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Well if there is blame and condemnation to put in place, let's spread it out a bit. The TARP funds and the financial bail-out were created under the Bush administration . . . not the "Chicago Way Thugs" as cleverly described.

"If they've paid back $10 billion already, you're just playing partisan politics regardless of the story. Not unexpected, but disappointing."

Not to worry, Danita. You obviously have little understanding of corporate finance or the benefits that Goldman Sachs received under TARP that all of its competitors did not received (such as I pointed out $30 billion in government taxpayer-guaranteed debt).

No harm, no foul. This is complicated.

Wait a second here. Paying back $10 billion to the government is now a bad thing?

Making profit is now a bad thing?

Is there no consistency in the arguments?

This money was under TARP - put in place under Bush; I could care less whose triumph it is - if it works.

If they've paid back $10 billion already, you're just playing partisan politics regardless of the story. Not unexpected, but disappointing.

"I'm confused. Isn't this a good thing? The company is back on its feet, making profit and has payed back the government?"

It's OK, Danita. We don't expect you to understand...Goldman is still carrying $30 billion in government taxpayer-guaranteed debt...just so you know, this is not a good thing. Obama and The Chicago Way Thugs picking winners and losers (as usual).

"The bank has already paid back the 10 billion"
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I'm confused. Isn't this a good thing? The company is back on its feet, making profit and has payed back the government?

Goldman Sachs earnings surge 33pct following $10b taxpayer bailout

Thu, 16 Jul 2009 3:07p.m.

In the fall of 2008 - Wall St's very existence seemed in doubt as giant firms crumbled.

But fast forward nine months - and at least for one firm, it seems like old times.

Goldman Sachs turns in a spectacular quarter. Earnings at the Wall St. giant surged 33 percent as trading revenue nearly doubled.

"It was a very impressive quarter for Goldman Sachs and I think its a very positive result that we are seeing a strong turnaround in the financial sector and of course Goldman Sachs being the premium player is going to lead that charge," says Brian Bethune, chief US economist, IHS Global Insight.

The results come just nine months after the US Treasury bailed out the nation's banks. Some have questioned the enormous profitability so soon after Goldman getting $10 billion dollars in taxpayer bailout money amid several other aid programs.

The bank has already paid back the 10 billion, and industry analysts defended the princely earnings.

"The government help was to really assist the financial institutions so that the financial institutions can help the rest of the economy. Goldman Sachs doing well is not necessarily a bad thing for the rest of the economy. It’s actually a positive," says Morningstar banking analyst Michael Wong.

Despite heavy criticism of Wall Street's over the top pay packages, Goldman still plans to pay its employees a lot of money.

THE AVERAGE GOLDMAN EMPLOYEE IS ON PACE TO EARN MORE THAN US$900,000 THIS YEAR.

!!!!!

Of course he is campaiging for a member of Goldman Sachs. But he lets other states sink. I wonder if Goldman Sachs is making money off of Arnold's massive defict and debt in CA. It wouldn't surprise me.

Nicely played, Mr. Christie. Not putting down the president in the process of putting down Corzine. I think Corzine is toast. But then, I used to watch his appearances on the late, lamented Imus in the Morning show and I could never understand why anyone would elect him governor in the first place.

Jon Corzine, former Chairman and co-CEO of Goldman Sachs.

Makes sense that The One would be campaigning on behalf of a son of Wall Street and a member of the Goldman Sachs fraternity...

Go Christie!