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New York, 6:45 AM
Wed Dec 9
46 posts in the last 24 hours

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    Dsmvwl  Admin  Promote to frontpage Approve user Ban user ×
    Image of ChillbearLatrigue ChillbearLatrigue
    08/13/09

    In reply to Bailout Architect Bailed Out By Lies
    I really don't have much use for Paulson anymore, but the financial bailout is one of the major reasons why a lot of the economists are talking about economic recovery. It certainly wasn't the President's Day stimulus package.
     Reply
    ChillbearLatrigue was starred ChillbearLatrigue was unstarred
    Image of El_Gato El_Gato
    08/11/09

    In reply to Hank Paulson Is 'On Deadline,' Sure
    Considering that the working title of his memoir is "Passing the Blame and Hiding Behind Excuses: My Life as a Coward," this makes perfect sense.
     Reply
    Magister promoted this comment El_Gato was starred El_Gato was unstarred
    Image of Magister Magister
    08/11/09

    @El_Gato: ...with a foreword by George Tenet and an introduction from Dick Cheney.
     Reply
    Edited by Magister at 08/11/09 2:40 PM Magister was starred Magister was unstarred
    Image of jackvinyl jackvinyl
    06/22/09

    In reply to Prepare to be Outraged Again Over Wall Street Bonuses
    i haven't read this post b/c i have the poor - but i had to commend Cajun Boy for realizing a dream i once had wherein Anne Hathaway was a mermaid who's only wish was to step out of the water and suckle some bull balls. Appreesh!
     Reply
    jackvinyl was starred jackvinyl was unstarred
    Image of sublicon sublicon
    06/22/09

    In reply to Prepare to be Outraged Again Over Wall Street Bonuses
    Why be outraged? Goldman has profited handsomely...in this economy, they deserve bonuses, nobody bailed them out.
     Reply
    sublicon was starred sublicon was unstarred
    Image of hypocriteoath hypocriteoath
    06/22/09

    @sublicon: AIG bailed them out by actually covering their risk [unlike others], the govt bailed out AIG and we bail out the govt. the money flows directly from one to the next. so you're pretty much 100% wrong but thanks for playing!
     Reply
    hypocriteoath was starred hypocriteoath was unstarred
    Image of Pope John Peeps II Pope John Peeps II
    06/22/09

    @hypocriteoath: But he's RIGHT! It's the finest example of capitalism the world has yet seen. Even in the midst of financial collapse, through a system of dick sucking favour-mongering, cronyism and Government handout, Goldman Sachs has, for whatever reason, gotten their hands on record profits.


    COLLARS POP, PANTIES DROP. AIIIIIIGHT!

     Reply
    Pope John Peeps II was starred Pope John Peeps II was unstarred
    Image of CaptainFantastic CaptainFantastic
    06/22/09

    In reply to Prepare to be Outraged Again Over Wall Street Bonuses
    The market 'taint the balls of fun it once was.
     Reply
    CaptainFantastic was starred CaptainFantastic was unstarred
    Image of ChillbearLatrigue ChillbearLatrigue
    06/22/09

    In reply to Prepare to be Outraged Again Over Wall Street Bonuses
    All Investment banking firms are not created equal. Goldman Sachs is apparently one of those firms that our Don Corleone government forced to take TARP money so that the other firms wouldn't be embarrassed by their own lack of financial virility.


    GS is paying back the money (our money) with interest specifically so that they can return to the policies that made them the juggernaut in the financial industry that they are.


    Goldman has a history of paying its employees the largest and most obscene bonuses of any of the investment banking firms. If that was a bad business practice for them, then that was - and now that they are repaying their debt is - solely the business of the shareholders.


    Thanks for treating our money like a loan, GS and not a hand out. FWIW, I'm not outraged.

     Reply
    ChillbearLatrigue was starred ChillbearLatrigue was unstarred
    Image of AliHajiSheik AliHajiSheik
    06/22/09

    @ChillbearLatrigue: GS could pay the money back because the rest of the TARP money was funneled through AIG et al, and directly into GS's pockets to make them whole on terrible bets they placed that relied on the solvency of counterparties. Shocking that they are in good shape after taking virtually all of the money that went to AIG. Paulson executed the greatest trainrobbery in human history, although his brazeness can be admired.
     Reply
    AliHajiSheik was starred AliHajiSheik was unstarred
    Image of ChillbearLatrigue ChillbearLatrigue
    06/22/09

    @AliHajiSheik: In fairness, had AIG been allowed to fail, other parts of Goldman Sachs' portfolio would have allowed them to re-coop their losses. This is according to GS. Since the government intervened on behalf of AIG, GS was not able to collect on their hedges and AIG was obligated to pay them. My source, since we are getting all sourcy.


    [www.reuters.com]


    @ae38: You may be right. My info was definitely from pre-financial meltdown times (2005-2006). At that time GS paid out more $ in bonuses than any other firm. However, those bonuses could have been lower on a percentage basis. I may not have been clear, but I wasn't trying to be deceptive. I couldn't find an exact source on this, but this article kind of points to what I was referring:


    [www.nytimes.com]

     Reply
    ChillbearLatrigue was starred ChillbearLatrigue was unstarred
    Image of Pope John Peeps II Pope John Peeps II
    06/22/09

    @ChillbearLatrigue: "re-coop"?
     Reply
    Pope John Peeps II was starred Pope John Peeps II was unstarred
    Image of pufflehuff pufflehuff
    04/10/09

    In reply to Neel Kashkari's High School Homecoming
    I'm not sure which is his best quadrant. He might not have one.
     Reply
    pufflehuff was starred pufflehuff was unstarred
    Image of Clare Clare
    04/10/09

    In reply to Neel Kashkari's High School Homecoming
    I'm so glad I had the presence of mind to keep my high school yearbook page simple. If I ever decide to apply for a White House fellowship, my yearbook photo won't come back to embarrass me.
     Reply
    Clare was starred Clare was unstarred
    Image of Trulymadlyme Trulymadlyme
    04/10/09

    In reply to Neel Kashkari's High School Homecoming
    I want to build a time machine solely to going back to 1990 for the purposes of punching this guy in the nuts and stuffing him into a locker.
     Reply
    Trulymadlyme was starred Trulymadlyme was unstarred
    Image of hypocriteoath hypocriteoath
    04/10/09

    @trulymadlyme: what's holding you back now, fear? time to man up!
     Reply
    hypocriteoath was starred hypocriteoath was unstarred
    Image of Trulymadlyme Trulymadlyme
    04/10/09

    @hypocriteoath: I'm just waiting for that perfect thunder storm. The electricity has got to be perfect.
     Reply
    Trulymadlyme was starred Trulymadlyme was unstarred
    Image of pufflehuff pufflehuff
    04/10/09

    @trulymadlyme: Great Scott!!
     Reply
    pufflehuff was starred pufflehuff was unstarred
    Image of i'm a bottle i'm a bottle
    03/27/09

    In reply to What Shall We Call Hank Paulson's Book?
    Swim with the sharks and be eaten alive: Outsell, outmanage, outmotivate, and outnegotiate your own staff.
     Reply
    i'm a bottle was starred i'm a bottle was unstarred
    Image of Mediahohoho Mediahohoho
    03/27/09

    In reply to What Shall We Call Hank Paulson's Book?
    (Fucking) The World Is Not Enough
     Reply
    Mediahohoho was starred Mediahohoho was unstarred
    Image of Uncle_Billy_Slumming Uncle_Billy_Slumming
    03/27/09

    In reply to What Shall We Call Hank Paulson's Book?
    Chromedome Meets The Thunderdome
     Reply
    Uncle_Billy_Slumming was starred Uncle_Billy_Slumming was unstarred
    Image of eatsshootsleaves eatsshootsleaves
    03/27/09

    In reply to What Shall We Call Hank Paulson's Book?
    "Watch Out -- It's a TARP!"
     Reply
    eatsshootsleaves was starred eatsshootsleaves was unstarred
    Image of GuyBitchy GuyBitchy
    03/27/09

    In reply to What Shall We Call Hank Paulson's Book?
    Shadow Government Dancer
     Reply
    GuyBitchy was starred GuyBitchy was unstarred
    Image of Moe Moe
    03/27/09

    In reply to What Shall We Call Hank Paulson's Book?
    song titles, dorks only: black scholes sun, i'd like to know where you got the notional value
     Reply
    Moe was starred Moe was unstarred
    Image of i'm a bottle i'm a bottle
    03/27/09

    @Moe: Nice.
     Reply
    i'm a bottle was starred i'm a bottle was unstarred
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