Have you received your thank you card from Goldman Sachs yet?

[autorank]

http://www.scoop.co.nz/stories/HL0907/S00188.htm">GIVE IT BACK GOLDMAN!

Wall Street Welfare Queen Average
Bonuses $1.0 Million a Person

Michael Collins

"Goldman's chief financial officer attributed the $39 million a day income to the firm's reputation for "very, very strong culture of risk management." Is he kidding? Their success is based on that $85 billion of our money that saved their asses. Goldman's average $1.0 million per employee bonuses wouldn't exist were it not for citizens paying for their survival.

Have you received your thank you card from Goldman Sachs yet?"

Link: http://www.scoop.co.nz/stories/HL0907/S00188.htm

[Orwellian_Ghost]

1. K&R

[MetaTrope]

2. I have a sneaking suspicion that not all of Goldman's employees will be making that much

[Cerridwen]

3. Yeah, it said...

"Thank God It Passed!!!!!"

Sorry, autorank, I just could not resist.

[autorank]

5. Why should you resist? We're in a boundriless time in our history

There's "an embarrassment of riches" and then there are the Wall Street welfare recipients who are not the least embarrassed? Something about a sense of "entitlement."

You'll like this:

"Goldman's chief financial officer attributed the $39 million a day income to the firm's reputation for "very, very
strong culture of risk management." Is he kidding? Their success is based on that $85 billion of our money that saved
their asses. Goldman's average $1.0 million per employee bonuses wouldn't exist were it not for citizens paying for
their survival."

Maybe we'll all get an Xmas card with a California IOU in it. Goldman helped with that situation also;)

[Cerridwen]

8. I love my country and many I've met and known here.

It's the corporations and their sense of entitlement that makes me grind my teeth.

*sigh*

There are so many good people who are suffering so those "people" can have.

[Kurovski]

4. I;m on my way out the door...

I wish I could say the same for all those Wall Street Assholes.

I rec'd, but it didn't show up :shrug:

[ihavenobias]

6. Ha, ha...

We need to have some kind of recognition here for awesome thread/article titles.

K & R

[autorank]

7. It's in the mail;)

[nadinbrzezinski]

9. i am sure mine will say

SUCKER....

And yes I will defend the bailout on the history of 1929... as well as the stimulus... but lord this was not looked over the way it should

Your government NOT at work

[autorank]

11. I've been removed from the list, I'm afraid

It is a disappointment but one less piece of paper spam.

It's like turning to a gal/guy who just saved your life and saying, "Damn, I'm good!"

Crass and, to say the least, inconsiderate;)

What was that line from "Dog Day Afternoon" - right at the start. Oops, can't repeat that one.

:hi:

[nadinbrzezinski]

14. You know what is sad? Been there done that for real

as in actually saved somebody's hiney, and got very colorful language in return, and then running to the back room. Last I remember was running with my partner to the ambulance as boy scout came out with ahem, gun in hand.

:hi:

In his defense he was high and I gave him a downer, as in real downer... but, but, but he wasn't breathing when we got to him... or rather he wasn't breathing much.

What can I say? overdoses can be fun.

on the bright side, these guys are not pulling even a virtual gun on me.

LOL

What is that line from Monty Python? Oh yeah, always look on the bright side of life... whistle.

[babylonsister]

10. I'm still waiting for my stocks from the car industry.

I updated my resume, you know, as a stock holder. ;)

And Goldman? Sounds like we've been rooked. I've been avoiding this because of disgust.

[autorank]

13. The truth is always good news

Well, that's ridiculous, just like Goldman strutting their "stuff" when their stuff came from our pockets.

Butl, hey, it's The Money Party at work:

"The Money Party gets no-bid contracts as well as the ability to lay off their employees and dump their pension plans just about any time they want. It doesn’t get much better than that. It's welfare for big money and survival of the fittest for the rest of us.

"We are nothing to them."

P.S. Public acknowledgment for your most outstanding killer OP on b#@w %ob$!!!

[Mudoria]

12. Goldman paid back the 10 billion with interest on the money loaned..

They're in the business to make money. And they received 10b not 85b as the article states.

http://blog.taragana.com/n/goldman-sachs-completes-repayment-of-10-billion-received-as-part-of-government-program-84704/

[autorank]

15. AIG got $85 bil, as the article says

Right here:

"But they were saved. Bush Secretary of the Treasury Robert Paulson came to the rescue when he assured that one of Goldman Sachs most important customers, the AIG group, survived a financial mess of its own creation.

"Our original contribution was in the $20 billion range but then our elected representatives helped Goldman even more when they jacked up the subsidy to $85 billion. That's enough money to hire a workforce of one million people at a salary of $60,000 a year, plus benefits.

"Had AIG tanked, Goldman would have been in very serious trouble. In September 2008, Paulson, a former CEO of Goldman met with Tim Geithner, soon to be President Obama's Secretary of the Treasury, when Geithner headed up the New York Federal Reserve Bank. Goldman's CEO was "the only Wall Street chief executive" at the critical meeting."

http://www.scoop.co.nz/stories/HL0709/S00549.htm

That's the point, AIG was their biggest customer/trading partner. If AIG went down so did they.
We paid for it. Now they shove maximum bonuses in our faces at a time when people are getting tossed
out of their homes.

And where did the $85 billion to AIG go:
Associated Press

"Some of the biggest recipients of the AIG money were Goldman Sachs at $12.9 billion, and three European banks _ France's Societe Generale at $11.9 billion, Germany's Deutsche Bank at $11.8 billion, and Britain's Barclays PLC at $8.5 billion. Merrill Lynch, which also is undergoing federal scrutiny of its bonus plans, received $6.8 billion as of Dec. 31.

"The money went to banks to cover their losses on complex mortgage investments, as well as for collateral needed for other transactions.

"Other banks receiving between $1 billion and $3 billion from AIG's securities lending unit include Citigroup Inc., Switzerland's UBS AG and Morgan Stanley."

So we paid $85 bil to AIG which saved Goldman, then AIG turned around and gave $12.9 bil back to Goldman and you
say Goldman got $10 bil (I'll take your word for the sake of argument). That's a positive spread of over $100 bil in Goldman's favor. They are truly the fortunate son.

[truedelphi]

28. And far from being taken to the woodshed for his

help in this scam, Tim Geithenr got himself a huge promotion.

He might send us thank you cards too, right? Or maybe a Christmas pony!!

[autorank]

50. There's no success like failure.

TG's motto. Failing upwards, a W thing. We wouldn't understand;)

[PA Democrat]

21. It's not that simple.

The $10 billion figure was TARP funds given directly to Goldman; they have indirectly gotten another $13 billion through the AIG bailout, and they have also borrowed another $28 billion from the FDIC at much lower interest rate than they could get ANYWHERE else. We the taxpayers have subsidized that additional low interest loan.

But the biggest problem is that Goldman hasn't changed the way they do business. They are still engaging in very risky dealings because they know that the government will bail them out again, unless we DEMAND that these crooks be reined in.

http://robertreich.blogspot.com/2009/07/goldmans-back-and-why-we-should-be.html

[Initech]

16. No but I'll give Goldman-Sachs a fuck you card:

?w=304&h=317

[Hansel]

23. Here's one from their Mother. nt

[puebloknot]

17. Kick for reading in the morning. It's bound to be good! nt

[althecat]

18. Geithner's bank.... Clinton's bank.... Obama's Bank?

I hope not....

[autorank]

25. We'd all like some bank but not this one

:hi:

[ControlledDemolition]

19. K&R. They should go for an image change... 'Sacks of Gold'! n/t

[formercia]

20. And I didn't even get a kiss....

Blood-sucking parasites.

[blindpig]

22. It is indeed the height of arrogance.

And goes to show who holds the whip hand.

As bad as it is though, when do we go after the stock holders? They are, after all, the ultimate source of our woe.

[autorank]

26. Two classes

The first are the beneficiaries of the stocks(the share holders) but the real stock holders are the institutional investors who do the trading. One wonders who is leading whom in that process. Their obligation is to make money for the pool of investors. But they're in a market a) without ties to the actual value of the businesses represented by the stocks and bonds that are being purchased and b) a market that can be manipulated by the largest player or a consortium of large players.

At thsi point, to me, it looks a lot like betting on professional wrestling. You can do it but it's really weird and ultimately useless. I think "Idiocracy" is mandatory viewing for people trying to understand our current circumstances.

[blindpig]

29. Regardless

Ya got a small group of people benefiting from the labor of many others.
That is the core issue, yes?

It seems that it's the scam within the scam that is pissing off people now. Let's just peel that onion a little more...

[autorank]

35. Agreed

The larger groups of people come in with the institutional investors and the pension funds, particularly unions.

But the vast majority of citizens don't own meaningful amounts of stock, yet they pay, we all pay, for this financial crap. As long as we take it, they'll dish it out. They'll run the lsat decent person into the ground to make sure that they get their bonuses.

Who defends the people? Not the government, certainly not the political parties, not the church, and never the business interests. The people have to defend their own interests and do so in an adamant way.

[Bluenorthwest]

24. The real President of the Untied States

is the head of Goldman Sachs.

[Blue_Tires]

27. i don't think we're going to

a generation from now, Goldman Sachs will be spinning history to make it look like they did this all on their own....

[msedano]

30. great big gobs of greasy grimy goldman sachs...

...I'm gonna go eat shi-i-i-it. I'm looking on the bright side and singing.

"We have no government left. It's simply a welfare agency for the most favored failed financial giants; a paper money producer to wrap the ugly truth in fictional dollars; a subprime governance scheme developing Potemkin Villages everywhere.

It's socialism for the ultra rich and survival of the fittest for the rest of us."

Let's make sure to defend the rich against taxes to keep the poor healthy. Who's going to mow my lawn if the poor die?

recommended.

[autorank]

32. I'll mow your lawn

And share crop in your back yard. Grow some good crops too, tend to the chickens;)

Max Keiser On the Edge on Goldman Sachs (Part 1) for you and your future sharecropper.
http://www.youtube.com/watch?v=QnmsmLsJg14

[Me.]

31. I Think I Did

But it was addressed to SUCKER, which confused the postman as he didn't know which box to put it in so he kept it 'cause it could've been him too.

[autorank]

33. Just for you!

"Goldman Sachs Sucks" Max Keiser

[maryf]

34. Max Keiser is heroic...

thanks, even if it was for "me" and not me! Goldman Sachs is Scum, no better word for it...

[autorank]

36. It was for you too!

Just forgot your username, for a moment;)

I think that the cat is out of the bag. I got that video over at Smirking Chimp. Taibbi posted it;)

It's all good, or going to be that way. How in the heck can a tiny group like GS run the entire show?

[Me.]

37. ERM...

Link?

As to your question....delegate.... to the suckers who think they're part of the in crowds. That would be you Timmy boy.

[autorank]

40. "Timmy boy" ;)

http://www.youtube.com/watch?v=VSwWy4E6I04

[Me.]

44. Appreciated

Muchly

[maryf]

38. Bad things come in small packages too...

I guess the size of the group has nothing to do with the degree of evil; I loved that Max K. directly and correctly accused GS of being responsible for the homelessness of many...

[autorank]

41. Right

He just says it - they've done so much damage, it's terrorism ...

The uber greedy don't get that the outcom eof their crap is suffering and death. They leave devastation in their
path while they congratulate themselves with their superiority by winning a rigged game. Go figure ...

[maryf]

51. Would it make a difference

If the uber greedy did get that they were causing suffering? I think some it would affect, maybe even cause an epiphany (maybe if it was forced down their throat) but not all or many, and not enough I don't think. Lack of compassion and just plain complacency are the two biggest problems we have to battle...consider this a kick for anyone who missed this...

[truedelphi]

45. If only Max would tell all of us

What he really really thinks.

I hate reading in between the lines!!

[autorank]

46. Max is a trip, isn't he?

Good grief. I read up on him and he's a huge thorn in the side of the power structure right now.

Check out his "Karmabanque" (sic?) - wow!

[truedelphi]

52. If others on this thread are curious

They can read Wiki entry here:

http://tinyurl.com/kvav3q

He makes it sound like we have ways of gaming the system right back at them!!


Or google for Karmabanque + Keiser + YouTube.

Plus it is also "en francais" for those who like to play with knowing how much of their High School French they still retain.

[HCE SuiGeneris]

39. Why yes, I have!

And, I must say, it is even bigger than I could have imagined. Thank you, GS, for digging my children an even deeper hole from which they must extricate themselves. May you and your ilk suffer tenfold the amount of pain you have and will inflict!

:toast:

[Occulus]

42. They sent me a love note and a used condom n/t

[madamesilverspurs]

43. I didn't get a note.

All I got was a used sucker with lint and hair stuck to it.

[Kurovski]

47. Kick. )nt(

:kick:

[autorank]

54. Well all right,

be that way, Mr Martini;)

[RB TexLa]

48. I've received my dividends

[althecat]

49. kick

:kick:

[kenny blankenship]

53. Suckers don't get thank you cards

You'll get your "thank you" card come April 15, of every year for the rest of your life.

[Skittles]

55. yes; hold on, I have it right here