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Thread: The sky has finally fallen...
04-16-2010, 10:19 AM #154
04-16-2010, 11:32 AM #155
Let it fall. Let it fall. Let it fall...
04-16-2010, 12:32 PM #156
04-17-2010, 01:14 AM #157
Yeah, Sub prime started by over simplify ideas and using the wrong ASSumption of property value will always goes up. Just like your example. Since you are so knowledgeable and good at searching internet. Why not just throw in the random walk and Markov Chain. They are very easy for you right?
04-17-2010, 01:23 AM #158
04-17-2010, 01:33 AM #159
04-17-2010, 04:05 AM #160
It is because of the above that the world is now in dire need of a global re-balancing of how to live responsibly. This means the US and that means the Americans in the United States of America must now spend less and save more. Simultaneously, the Chinese will have to spend more and save less.
When this re-balancing reaches an equilibrium then we will say goodbye to reckless risks and greed from the banking system that gave us such grief.
04-17-2010, 04:18 AM #161
04-19-2010, 06:43 AM #162
The latest development on Goldman Sachs being charged with fraud by the SEC is potentially dangerous for the global economy that is recovering.
Now we have both Britain and Germany calling for investigations into Goldman Sach's role in the financial meltdown in both countries. Already Goldman Sachs is being blamed for "cooking" Greece's books that eventually brought down Greece.
How could the US government be not aware of such machinations from their banking giants? This is a heinous crime of the worse kind. At least in widescale corruption, you know what is going on, although it is for the wrong reasons. Here they come into your house, be nice to you as well as promising you that they will make you rich soon, but in the end steals everything you have.
No wonder Americans don't trust their congress and to a lesser extent their government.
04-19-2010, 07:18 AM #163
04-19-2010, 09:13 AM #164
goldman is my man.... well done..
04-19-2010, 11:28 AM #165
04-21-2010, 04:59 AM #166
Look who is benefitting from Goldman Sachs..
..it was Enron during W's 1st term of presidency...
now, looks like it will be Goldman Sachs becoming the new Enron for BO..uuhhh huh..
It all started in 1999 with Larry Summers, Levitt, Greenspan & Rubin. Then expanded during W's presidency with the SEC. And it's continuing now..
Goldman Sachs was one of BO's top presidential campaign donors – giving nearly 1 million dollars to “The Annointed One’s” war chest.
This is the same company that BO singled out and demonized last week for the financial collapse on Wall Street. What are the chances BO gives that money back? What’s worse, BO's attack on Goldman Sachs was really politically motivated. The Dems and the SEC timed the announcement of their fraud case against Sachs to coincide with Democrats’ bid to overhaul the nation’s financial regulatory infrastructure. “You take the worst companies in this country, and the worst accounting practices and all the Ponzi schemes – nothing begins to compare to the way that government has mismanaged our money”...
04-21-2010, 10:17 AM #167
I am very impressed with their lawyers if they can get away with it. Kudos to them.
04-21-2010, 10:36 AM #168
04-21-2010, 12:15 PM #169
04-21-2010, 02:40 PM #170
^^Try to guess..^^
..how many trillion of dollars have GS been pillaging, stealing, raping, gambling & putting in their pockets the reg. people's taxpayers' money over so many yrs....probably abt $32 trillion of them..people say the Dems stand for poor people, middle class folks, the minorities etc...yeaaaah, riiiight..
More on Goldman Sachs:
Goldman Sachs, one of Wall Street’s most prestigious investment banks, was also among the many banks in 2008 and 2009 to receive billions of dollars in taxpayer money to help it stay afloat. Like others in the securities industry, Goldman Sachs advises and invests in nearly every industry affected by federal legislation. The firm closely monitors issues including economic policy, trade and nearly all legislation that governs the financial sector. It has been a major proponent of privatizing Social Security as well as legislation that would essentially deregulate the investment banking/securities industry. The firm tends to give most of its money to Democrats. A number of high-ranking government officials in recent years have spent part of their careers at Goldman Sachs.
More of their happenings here:
Last edited by ctjcad; 04-21-2010 at 02:43 PM.