Critics: Goldman should give back $2.9 billion to taxpayers

[Donnachaidh]

http://www.mcclatchydc.com/2011/02/15/108802/critics-goldman-should-give-back.html



WASHINGTON — Irked that Goldman Sachs appears to have reaped a $2.9 billion taxpayer-aided windfall on an investment of a mere $20 million, some experts and watchdogs say the Wall Street giant should return the money to the U.S. Treasury.

"It's a very simple call to make," said Sylvain Raynes, a frequent Goldman critic who's an expert in the kinds of deals in which the investment bank landed an apparent jackpot. "They should never have been given this money, and they should give it back."

The assessment by the Financial Crisis Inquiry Commission also exposed a potentially huge regulatory omission in the rescue of the insurance giant American International Group, which was the conduit for more than $90 billion in tax dollars to U.S. and European banks.

It's now clear that the Federal Reserve Bank of New York, which quarterbacked the hurried, $182 billion bailout of AIG to avoid a meltdown of global financial markets, did little to guard against windfalls for major banks and investment banks.

Read more: http://www.mcclatchydc.com/2011/02/15/108802/critics-goldman-should-give-back.html#ixzz1EAWEeJL7

[LiberalEsto]

1. +10000

K&R

[Angry Dragon]

2. Also I want to see a lot of suits in jail doing hard time

[Initech]

3. Every tax payer should get one of their six figure bonuses for a year.

That'll stimulate the fucking economy!

[bvar22]

4. "Irked" ???

That is pretty mild.
I'm furious.
Tar & Feathers, a one year tour of the US in a cage where taxpayers are allowed to throw garbage, and THEN a guillotine are too good for these criminals.

I'm also FURIOUS with our "representatives" that allowed this to happen.
As far as I'm concerned, they are Co-Conspirators.

Anyone who subscribes to the fallacy that "government is large, things take time and are incremental"
needs only look at how quickly our government (Democrats & Republican) were able to get $BILLIONS into the hands of the failed bankers after Paulson delivered his "historic" Extortion Demand.
It took less than a week.

Paulson with Co-Conspirators


Now THIS is “Bi-Partisanship” !
Better get used to it!!
Hahahahahahahahaha!