For Goldman, A Swift And Lofty Return To Profits (NYT)
And that makes some people angry! Like this guy: “They exist, and others don’t, and taxpayers made it possible,” said one industry consultant, who, like many people interviewed for this article, declined to be named for fear of jeopardizing business relationships.
Berkshire Hathaway Tones Down Risky Business (WSJ)
The reinsurance business has pulled back on catastrophic property damage. Unprotected sex with prostitutes still on the table, if the situation presents itself. You can’t WB to give everything up.
Bank of America Said to Balk at Paying Fee to U.S. for Backstop (Bloomberg)
“Regulators contend Bank of America owes at least part of a $4 billion fee it agreed to pay in January — even without a completed legal document — because the company benefited from implied U.S. backing on about $118 billion of Merrill Lynch assets, such as mortgage-backed bonds, people familiar with the matter said. The Charlotte, North Carolina-based bank says it owes the Treasury nothing.” Would BAC be this brazen if Paulson were still running the show? Don’t get us wrong, we like this no shit/prisoners attitude but we’re not sure they’d pull it in the face of the Hammer.
UBS, US Talk On Tax Case (WSJ)
Heads up to anyone who the Swiss helped not pay taxes:names may be named
Mayor Tightens Belt, Too, Amid Losses In Market (NYT)
Bloomberg’s just like the rest of us. He lost at least ten million on investments over the last year and now sacrifices have to be made. The Florida vacation house is getting rented out and he’s cut back on housekeepers.
Wells Fargo Sues Itself (FBN)
“You can’t sue yourself,” McKillop said. “It’s just so ridiculous. .. It’s a waste of paper. It’s a bastardization of the legal process.”
Goldman Upped To ‘Buy’ By Meredith Whitney (MarketWatch)
The Dollar Dom thinks it’s “a bull stock for a bear market.”
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- Use the Bloomberg command
NH BLG_DEALBREAKER <GO>
to access Dealbreaker
the new BAC is ballsy, k?
is the mayor going to be able to afford the subway what with the fare hike?
also, I owed Lloyd one for the time I fucked him in the ass sans lube.
-mer whit
mer here again– and for all the times I made him use the ball gag even though he protested.
-mer whit/3
As usual, UBS sucks.
-Tax Evader
@5 Thanks.
Ass pounding jokes by 8AM. You fuckers are dedicated.
I was sitting here trying to decide what it feels like to get pounded in the A$$ by Goldman and Buffet.
not nice
What do all of these retards that use this “the taxpayer kept Goldman alive” line think their world would be like if Goldman, Morgan Stanley, GE ect been allowed to go down?
Goldman: Consistently a statistical anomaly or fucking fixed?
@Nakedshort,
For one thing, do you think those companies would have gone down?
And to answer your question in the hypothetical, because it was a rhetorical question after all, maybe they think they’d be living in a world where creative destruction was allowed to occur.
And maybe they think the next generation of reckless dickheads wouldn’t be incentivized to ignore risk.
@NakedShort
like a free market?
@10 Madoff always made money for his clients too…
@13 shut your mouth when I’m talking to you.
–berns
Short sell ban. The market was trying to find the true value of Goldman. I shall say no more.
@NakedShort
The chain in those handcuffs is high-tensile steel. It’d take you ten minutes to hack through it with this. Now, if you’re lucky, you could hack through your ankle in five minutes. Go.
@Naked
Take them into conservatorship and sell them piecemeal to the highest bidder. The taxpayer did not keep them alive, a corrupt congress, administration and Federal bank beholden to the financial oligarchy did.
Jesus, did I just say that? I am still not sure I can believe it. Whatever, Goldman and the others are still insolvent if you use any standard value metric, Enron/Fannie accounting not withstanding.
blankfein: the ultimate decked out mexican coke shark with moonraker lasers on his head.
oh, and meredith whitney is a dumb slut.
@19 totally concur
I am not saying they shouldnt be allowed to fail; dont get me wrong.
But I dont think the “average” person out there spouting off about “my tax money being used to prop up these crooks” understand that instead of having their assets cut in half (as already happened) they would be waking up and seeing their assets cut by 90% due to multiple bank failures, insurance company faliures, ect. Most of the American public with half a brain that believe in free markets understand this as a necessary step. But most of the american public doesnt have half a brain.
http://www.meredithwhitneyllc.com/
feast your eyes on this bitches!
and take look at “team” – MW pleasuring herself with a huge dildo, while moaning things like
“Ms. Whitney has written prolifically about the financial crisis”
and
“In 2006, Ms. Whitney was the first and only research analyst to be asked to present at the FDIC Annual Economic Round Table Forum”
@22
Thanks. I just threw up in my mouth.
WFC Guy #1: We represent Wells Fargo bank, and we’d like to sue Wells Fargo bank.
Lawyer: Uh what? Why?
WFC Guy #2: Taste infringement
Lawyer: You can’t sue… yourself
WFC Guy #1: We are going to wipe them off the face of the Earth.
DUH DUH DA DUH DUH DUH
@22/23/24 welcome to the party: http://dealbreaker.com/2009/02/its-official-1.php
Goldman’s software already knows the name of this “industry consultant.” And they’ve been hosing him for years already.
Although I love to foist conspiracy theories I reject the idea the GS is an anomaly or has the fix in. The gov’t gave a backstop and then made money available cheap. Other firms took the opportunity to offload risk and got conservative. GS saw perversely that the thing to do was exactly the opposite and go all in so to speak, get even riskier, because there was no losing.
So MW just upgraded GS to “buy” after a 200% run-up in the stock?
Damn this bitch is good, wow!
@17 –”Take them into conservatorship and sell them piecemeal to the highest bidder”
Wow genius, how is your brilliant plan any different from how GS is traded on the stock market?
Unless you are talking about government mandated divestitures, which would be idiotic and irrational.
Where do you bastards get the idea that just because a company’s people are smart and immensely profitable they are gaming the markets???
~Former Enron Trader
@NakedShort – don’t sell yourself short, you’re a tremendous slouch.
@NakedShort – don’t short me bro!
@10
are you kidding?
if it wasn’t fixed, rigged, and complete BS, Obama would rip them several new assholes.