I said from day one that Paulson was for the bailouts because of his personal interest. I hope the FBI gets some balls and goes after these crooks. This was a conflict of interest from day one and we all know AIG paid Goldman Sachs alot of money. Of course if he did get prosecuted, Mr Obama would pardon him, but I say still turn his life upside down and let him stew wondering if he’ll get the pardon.
I agree – all these thieves should get prison time, but that won’t happen. They may pay some fines…and the money will go into some politico’s pocket…and the thieves will write the fine off on their taxes. Once again, the rich will get richer…and the rest of us keep getting screwed.
Baxtor- Paulson & Co. is run by John Paulson. You might be confusing him with Henry Paulson who was head of the Treasury when the bailouts were started. However, Henry Paulson was head of Goldman Sachs before joining the Bush Administration. I do not know if they are related.
The two Paulson’s are not related.
I would like to see the prospectus on the offering to see if it listed the per centage of sub-prime mortgage in the portfillio.
Good point, Al. In fact, most hedge funds contributed far more campaign money to DemonRatic candidates than to Republicans, because the big gov’t, crony capitalism that will keep the hedge funds busy managing mergers and investments for too-big-to-fail firms, is a DemonRatic Party program.
This will kill small business.
Hey, all of you sucker, DemonRats. Read the proposed cap-and-trade bill. If it were to pass, you couldn’t sell any property, such as your home or a used car, unless the property was brought up-to-snuff to meet the latest green standards.
You keeping voting DemonRatic, you fools. You’re so dumb (especially you DemonRats idiots that work for small companies), that you’re voting yourself out of jobs.
You’re a typical lib. You’ve no creativity or cleverness, let alone, enough intellect to respond to anything with a substantive, informative comment. So, you ignore the substance of a post and go right to childness name calling in the form of a bad joke/ ostensible insult.
And what weak name calling. Is that all you can come up with? What’s your second best comeback? Is it, ‘Your mother wears combat boot?’
Sheesh, you’re the epitome of the ill informed, humorless, lib true believer. You, my DemonRatic friend, have earned today’s Dummy of the IJ Blog designation.
You’re a freakshow escapee.
Now get back to the kitchen and finishing filling those McMac meal orders.
What do you know. I predicted that this might happen.
Now just wait and see if they investigate all of the big hitters who went short on sub-prime mortgage derivitives. Some of the others might well have been seling the derivitives while they were personally maintaining a personal short position. I imagine that the government will have to back off this for fear of bringing the economy down again. The very scent of this pushed the stock market down over 100 points.
This is what happens when gov’t gets involved in commerce. Basel II set a standard of risk-based capitalization for banks of 10% for cooperate bonds and 2% for CDOs.
This was done is cahoots between fascist, lib, big gov’t types and crony capitalists, such as GS.
Keep drinking that kool aid you phony lib freaks; soon you’ll only make enough money to see a movie and buy downloads of music.
Gee, do you ever wonder why so many entertainers are phony libs?
I suppose my second best comeback would have been to point out all of the grammatical and spelling mistakes in your response, but that would have been childish, or is it childness?
Maybe your third best comeback would be to actually address his comment. You know, the part about not being able to sell your home until you’ve sunk hundreds of not thousands of dollars into new appliances, or insulation, or whatever Dear Leader decides his subjects should do before he allows them to engage in private enterprise.
And please note: it’s poor manners to be critical of spelling and grammar on a blog. It’s also evidence that you have nothing else to say.
Isn’t it interesting that the GS charges coincide with a new monster bill regulating Wall Street? And how come Fanniemae and Freddiemac are immune? Their execs took multimillion dollar bonuses and then went to work for the Obama gang.
Until governmental and quasi governmental entities have to follow the same rules as private industry no progress will be made. Crucifying GS and other similar companies is a deliberate distraction to hide the flaky practices of the feds.
I would respond to the argument if it was balanced made sense, but you guys insist on making it political. The Democratic party does not have a monopoly on donations from large business interests. Goldman Sachs gave over $20M to the Democrats but they also gave the Republican party over $11m. Citigroup, who I believe were also “Too big to fail” gave more than $14M to BOTH parties.
But that’s O.K., keep making it a political argument by blaming the administration in power. Companies like Goldman Sachs and Citigroup will continue on as before because they have BOTH sides of the house in their pocket.
Please forgive my poor manners for insulting your grammar and spelling. I must have been bahaving stupid….or according to you, was I behaving “MORE STUPIDER?” LOL. Don’t worry, when you leave Kindergarten I’m sure your spelling will have improved.
There’s a difference between an obvious typo and spelling/grammatical errors. I point out the latter, but not the former. So, now name one spelling or grammar error.
But, first, finishing packaging those McMac meals.
And, then try addressing the substance of my comments, you silly little boy.
Look, dummy, is $20M more than $11M? Didn’t I and others write that these hedgefunds and banks give more to Demonrats than Republicans?
Also, crony capitalism works only with a big gov’t system that promotes statism (statism being the state of the EU’s economy) and keeps wealth concentrated in the hands of a few rich and powerful commercial interests that own politicians.
Also, you phony, pretentious pseudo intellectual, it’s not “Companies like Goldman Sachs…”. What companies like GS? Or, you phony lib punk, did you mean to write ‘Companies such as GS?’
This English-usage lesson for you is free.
Get those McMac meals packaged now and stop writing jibberish BS.
What’s civilised? I doubt that you’re a UK citizen. Or, did you mean civilized?
Heh, heh, heh. I see that I really got to you by pointing out your total ignorance about the use of ”as versus ‘like.’ Hey, are there companies that love GS?
Are you really so dense that you can’t understand anything? First, campaign contributions aren’t bribes, because it’s legal to make such contributions.
Second, if gov’t werent’ overly involved in regulating commerce, then there’d be no need for laws on campaign contributions, b/c there’d be no reason to make such contributions.
You just too dense to see that you’re voting away your freedoms by voting for any lib, regardless of party affiliation.
The Demonrats are the party of crony capitalism.
BTW, you’d better check to see what Republicans received contributions from hedge funds and banks. They ain’t exactly of the Senator Coburn stripe.
Joe, you want government to stop regulating commerce. Let’s look at a recent example to see where that gets us.
The AIG Financial Products Unit was heavily involved in completely unregulated financial transactions. No government involvement. Completely in line with your financial Utopia. So, what happened?
They effectively destroyed the world economy because they had no hope of meeting their financial obligations when the housing bubble burst and foreclosures multiplied. Only with a government bailout was a second great depression averted and replaced with the great recession. Their failure to meet the cash calls required in their contracts would have made almost every major bank in the world bankrupt over night.
So what happened to these financial geniuses who almost destroyed the world economy with their recklessness? They are wealthy beyond measure and immune from the the carnage they wrought. Not only that. They constantly whine about how they should be paid even more after the crash.
This is not the first, second or third time private industry financial recklessness has caused major recessions in my lifetime. Remember the dotcom boom or junk bonds? Each time, some additional regulation is attempted to try and stop this and each time the greedy find new ways to package stuff so it isn’t regulated and they make tons of money until the bottom drops out. Then, the average person suffers and they live in luxery.
That is the nature of the beast. People like you who act like private industry will act with anything other than their own greed at heart are ignoring history.
You’ve no facts and you haven’t read what I wrote about Basel II regs being p/o the cause of the financial crisis, not to mention Fanny Mae and Freddy Mack.
Please read “The World is Curved” by S. Friedman. Then, I might consider going back-and-forth with you on this issue.
too bad I didn’t get in on this earlier but i have 2 questions: how do you connect Mr. Paulson’s activities with President Obaman? what makes you think a pardon would be made at all, let alone by the president? Those are just assertions and it is high time we ask for more than just diatribe here in IJ! How about some real thought to make an opinion based on FACTS? that is why our polity has no civility because it is more like the playground than the classroom, no real discussion, no logic. that is why there is no bipartisanship; it is no longer required and it would force both parties to learn how to comprimise, which has been a lost art lately…
I said from day one that Paulson was for the bailouts because of his personal interest. I hope the FBI gets some balls and goes after these crooks. This was a conflict of interest from day one and we all know AIG paid Goldman Sachs alot of money. Of course if he did get prosecuted, Mr Obama would pardon him, but I say still turn his life upside down and let him stew wondering if he’ll get the pardon.
I agree – all these thieves should get prison time, but that won’t happen. They may pay some fines…and the money will go into some politico’s pocket…and the thieves will write the fine off on their taxes. Once again, the rich will get richer…and the rest of us keep getting screwed.
Baxtor- Paulson & Co. is run by John Paulson. You might be confusing him with Henry Paulson who was head of the Treasury when the bailouts were started. However, Henry Paulson was head of Goldman Sachs before joining the Bush Administration. I do not know if they are related.
Andy Agent
Never let the facts get in the way of a good rant.
If the feds were really serious they’d have criminal prosecutions, and it wouldn’t be just GS.
The only financial reform we need is a new JUSTICE DEPARTMENT, one that will prosecute EXISTING violations.
Thanks Andy you are correct on what I was thinking. I know Henry Paulson’s retirement is wrapped up with GS though, but thanks for the clarification.
The two Paulson’s are not related.
I would like to see the prospectus on the offering to see if it listed the per centage of sub-prime mortgage in the portfillio.
Abu Barack Hussein ibn Obooba: Goldman Sachs’ largest recipient of campaign bribes.
So, does anyone believer that this is really going anywhere?
Good point, Al. In fact, most hedge funds contributed far more campaign money to DemonRatic candidates than to Republicans, because the big gov’t, crony capitalism that will keep the hedge funds busy managing mergers and investments for too-big-to-fail firms, is a DemonRatic Party program.
This will kill small business.
Hey, all of you sucker, DemonRats. Read the proposed cap-and-trade bill. If it were to pass, you couldn’t sell any property, such as your home or a used car, unless the property was brought up-to-snuff to meet the latest green standards.
You keeping voting DemonRatic, you fools. You’re so dumb (especially you DemonRats idiots that work for small companies), that you’re voting yourself out of jobs.
The blogs were interesting until Al and Joe, friend of DemonRats decided to join in. Were their comments posted during snack-time in Kindergarten?
So Decman, tell us how come we kindergarteners knew that you can’t sell a house w/o Algore’s approval if cap and trade passes, and you didn’t know it?
I mean, if we’re stupid, you’re more stupider.
You’re a typical lib. You’ve no creativity or cleverness, let alone, enough intellect to respond to anything with a substantive, informative comment. So, you ignore the substance of a post and go right to childness name calling in the form of a bad joke/ ostensible insult.
And what weak name calling. Is that all you can come up with? What’s your second best comeback? Is it, ‘Your mother wears combat boot?’
Sheesh, you’re the epitome of the ill informed, humorless, lib true believer. You, my DemonRatic friend, have earned today’s Dummy of the IJ Blog designation.
You’re a freakshow escapee.
Now get back to the kitchen and finishing filling those McMac meal orders.
What do you know. I predicted that this might happen.
Now just wait and see if they investigate all of the big hitters who went short on sub-prime mortgage derivitives. Some of the others might well have been seling the derivitives while they were personally maintaining a personal short position. I imagine that the government will have to back off this for fear of bringing the economy down again. The very scent of this pushed the stock market down over 100 points.
This is what happens when gov’t gets involved in commerce. Basel II set a standard of risk-based capitalization for banks of 10% for cooperate bonds and 2% for CDOs.
This was done is cahoots between fascist, lib, big gov’t types and crony capitalists, such as GS.
Keep drinking that kool aid you phony lib freaks; soon you’ll only make enough money to see a movie and buy downloads of music.
Gee, do you ever wonder why so many entertainers are phony libs?
I suppose my second best comeback would have been to point out all of the grammatical and spelling mistakes in your response, but that would have been childish, or is it childness?
Maybe your third best comeback would be to actually address his comment. You know, the part about not being able to sell your home until you’ve sunk hundreds of not thousands of dollars into new appliances, or insulation, or whatever Dear Leader decides his subjects should do before he allows them to engage in private enterprise.
And please note: it’s poor manners to be critical of spelling and grammar on a blog. It’s also evidence that you have nothing else to say.
Isn’t it interesting that the GS charges coincide with a new monster bill regulating Wall Street? And how come Fanniemae and Freddiemac are immune? Their execs took multimillion dollar bonuses and then went to work for the Obama gang.
Until governmental and quasi governmental entities have to follow the same rules as private industry no progress will be made. Crucifying GS and other similar companies is a deliberate distraction to hide the flaky practices of the feds.
I would respond to the argument if it was balanced made sense, but you guys insist on making it political. The Democratic party does not have a monopoly on donations from large business interests. Goldman Sachs gave over $20M to the Democrats but they also gave the Republican party over $11m. Citigroup, who I believe were also “Too big to fail” gave more than $14M to BOTH parties.
But that’s O.K., keep making it a political argument by blaming the administration in power. Companies like Goldman Sachs and Citigroup will continue on as before because they have BOTH sides of the house in their pocket.
Please forgive my poor manners for insulting your grammar and spelling. I must have been bahaving stupid….or according to you, was I behaving “MORE STUPIDER?” LOL. Don’t worry, when you leave Kindergarten I’m sure your spelling will have improved.
There’s a difference between an obvious typo and spelling/grammatical errors. I point out the latter, but not the former. So, now name one spelling or grammar error.
But, first, finishing packaging those McMac meals.
And, then try addressing the substance of my comments, you silly little boy.
Abu Barack Hussein ibn Obooba: Goldman Sachs’ largest recipient of campaign bribes.
Still true.
Look, dummy, is $20M more than $11M? Didn’t I and others write that these hedgefunds and banks give more to Demonrats than Republicans?
Also, crony capitalism works only with a big gov’t system that promotes statism (statism being the state of the EU’s economy) and keeps wealth concentrated in the hands of a few rich and powerful commercial interests that own politicians.
Also, you phony, pretentious pseudo intellectual, it’s not “Companies like Goldman Sachs…”. What companies like GS? Or, you phony lib punk, did you mean to write ‘Companies such as GS?’
This English-usage lesson for you is free.
Get those McMac meals packaged now and stop writing jibberish BS.
But at least you accept that ALL politicians accept the bribes. My work is done here.
Joe, you’re beginning to get angry and that’s not very civilised.
Still waiting on that happy meal Decman. My kids are getting restless in the back seat!
Silly lib!
What’s civilised? I doubt that you’re a UK citizen. Or, did you mean civilized?
Heh, heh, heh. I see that I really got to you by pointing out your total ignorance about the use of ”as versus ‘like.’ Hey, are there companies that love GS?
Heh, heh, heh.
Yep, under your skin.
Are you really so dense that you can’t understand anything? First, campaign contributions aren’t bribes, because it’s legal to make such contributions.
Second, if gov’t werent’ overly involved in regulating commerce, then there’d be no need for laws on campaign contributions, b/c there’d be no reason to make such contributions.
You just too dense to see that you’re voting away your freedoms by voting for any lib, regardless of party affiliation.
The Demonrats are the party of crony capitalism.
BTW, you’d better check to see what Republicans received contributions from hedge funds and banks. They ain’t exactly of the Senator Coburn stripe.
Joe, you want government to stop regulating commerce. Let’s look at a recent example to see where that gets us.
The AIG Financial Products Unit was heavily involved in completely unregulated financial transactions. No government involvement. Completely in line with your financial Utopia. So, what happened?
They effectively destroyed the world economy because they had no hope of meeting their financial obligations when the housing bubble burst and foreclosures multiplied. Only with a government bailout was a second great depression averted and replaced with the great recession. Their failure to meet the cash calls required in their contracts would have made almost every major bank in the world bankrupt over night.
So what happened to these financial geniuses who almost destroyed the world economy with their recklessness? They are wealthy beyond measure and immune from the the carnage they wrought. Not only that. They constantly whine about how they should be paid even more after the crash.
This is not the first, second or third time private industry financial recklessness has caused major recessions in my lifetime. Remember the dotcom boom or junk bonds? Each time, some additional regulation is attempted to try and stop this and each time the greedy find new ways to package stuff so it isn’t regulated and they make tons of money until the bottom drops out. Then, the average person suffers and they live in luxery.
That is the nature of the beast. People like you who act like private industry will act with anything other than their own greed at heart are ignoring history.
That is your Utopia.
You’ve no facts and you haven’t read what I wrote about Basel II regs being p/o the cause of the financial crisis, not to mention Fanny Mae and Freddy Mack.
Please read “The World is Curved” by S. Friedman. Then, I might consider going back-and-forth with you on this issue.
too bad I didn’t get in on this earlier but i have 2 questions: how do you connect Mr. Paulson’s activities with President Obaman? what makes you think a pardon would be made at all, let alone by the president? Those are just assertions and it is high time we ask for more than just diatribe here in IJ! How about some real thought to make an opinion based on FACTS? that is why our polity has no civility because it is more like the playground than the classroom, no real discussion, no logic. that is why there is no bipartisanship; it is no longer required and it would force both parties to learn how to comprimise, which has been a lost art lately…