Little Outrage on Hill on Goldman Sachs Profits

A-Men Mitch!!!

Please read The Great American Bubble Machine by Matt Taibbi.It's in July Rolling Stone Magazine .

Goldman and Washington are like conjoined twins for crying out loud. They are in this madness together.

""I think that the American people are appalled..."

No, not really. We're happy to see a return of competent government that is properly responding to a financial collapse caused by an under regulated private market.

(I thought the feds were ALREADY in the student loan business? And a Republican administration got them into the banking business.)

The Goldman Sachs guys did what they were told -- they were told to take the bailout money from the Treasury and the loans from the Federal Reserve to prop-up securities for a few months. The rest of us would then "feel" much better with the indexes pushed higher. Reality is stranger than fiction when it comes to Capital Hill and Wall Street.

More friends of democrats profiting off the backs of taxpayers.

"The workers have nothing to lose but their chains" -- Karl Marx

Any surprised. It seems that the Clinton, Bush, and Obama administrations have Goldman-Sachs are the first priority. Whether its appointing ex-Goldman Sachs officials to important government posts or allowing competitors to fail the US government first priority seems to be Goldman-Sachs. And this control is accelerating....now we can give/lend Goldman-Sachs billions-- so they can buyout rivals, aggrandise marketshare, and make profits! And why are some firms "allowed to fail" but folks like Goldman-Sachs aren't? And why so many in government used to work at Goldman-Sachs (and vice versa)? Obama, where is the "CHANGE"?

Goldman Sachs is a cash cow for Demo-
crats, and backed Obama heavily in the
2008 election. It was never in the cards
that G-S would really be gutted. The
outrage over their profits last year
was alligator tears. Obama IS in bed
with big Wall Street bucks much like
Bush WAS. Trouble is, his dumb followers
don't know it....hope&change, y'know.

I can smell the republicans fear, any good news of any sort is bad news for a republican.

Do anyone remember when the DOW was climbing near 9000, they were commenting some of the same negative crap about the stock market, asking some of the same dumb question you hear commented here today, now I ask you doom and gloomier...at what point is it a good profit and when point is the stock market consider solid...I believe your answer will be when you say it is?

GS was forced to take TARP money, payed the dividends on the warrants it was forced to issue to the government -to the government. Paid the TARP money back. Now (most of) you are mad that they are successful. You will wallow at the bottom now and in the future, just as you always have. I look forward to seeing your next target - no doubt it will be someone or business that has dared to do what you could not - scratch together to nickles to rub together.

Carol in Alabama - Matt Taibi is the definition of a hack. Where would he be without his father? I'm guessing without the support of a rag that allows him to submit articles that state his opinion as fact.

Flop-sweat on Obama's brow, Dems dis-
combobulated as to what behemoth tax
burden to spring next on the people...
Sad Obamabots still waiting in line
for "theirs"...watch the line grow.
This faker is not going to last long
enough for many new "leg-tingles" in
the MSM. Soon, the propaganda machine
will grind down, and sane voters
will get MAD at the orchestrated sub-
terfuge that is "politics' as usual.
Obama is not a new way of doing anything
except a new power move to solidify
Democratocracy for the next 25 years.
Obama loves Goldman Sachs. He can't
forge his new doctrine without them.
His followers will come to know this
know this....but they'll never admit
it in a public forum.

the point "we'r1" is that why was GS allowed, you say forced, to take the government billions when other firms -their competitors conveniently- were "allowed to fail". Like Lehman Brothers, like Bear-Sterns, etc. And why were the companies chosen by the government to "not fail", or indeed not "get hurt", allowed to use the government money to buy up other companies, buy out competitors, hire away talent from competitors, etc.

And what about the Sergey Aleynikov incident (he is accused of stealing the GS software)? And how, if Sergey, is accused of being possible able to use the GS software for illegal manipulations and profits are we sure that GS itself can't use the software the same way?

And why is GS chosen to handle the "cap and trade" scheme and potentially earn untold profits?

And why so many GS employees find employment in key government positions? Is this in relation to political donations or due to connections under a "good old boy" system where GS executives transfer back-and-forth between public and GS jobs?