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Interesting article on Goldman Sachs

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From: a third world country in the making

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Interesting article on Goldman Sachs
« on: July 09, 2009, 12:56:39 PM »

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women are like tornados. In the beginning there's a lot of sucking and blowing. In the end, the car's gone, the house is gone..
Sleeveless Hoodie
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We're doomed!

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Re: Interesting article on Goldman Sachs
« Reply #1 on: July 09, 2009, 01:12:42 PM »

I'll take your word on it.

I'll be honest with you, when I get to the bottom of the page and I see:

Page 1 2 3 4 5 ...  NEXT -->

The outlook is grim.
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Full Metal Jacket
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Re: Interesting article on Goldman Sachs
« Reply #2 on: July 09, 2009, 05:40:44 PM »,12021.0.html

[Politics/Econ/Religion] Cap N Trade - Waxman Climate Bill

Pro ?
Con ?
Care ?
Don't care?
What is this thing?

Well, birdy may have stumbled across one answer.

Gone are Hank Paulson and Neel Kashkari; in their place are Treasury chief of staff Mark Patterson and CFTC chief Gary Gensler, both former Goldmanites. (Gensler was the firm's co-head of finance.) And instead of credit derivatives or oil futures or mortgage-backed CDOs, the new game in town, the next bubble, is in carbon credits a booming trillion- dollar market that barely even exists yet, but will if the Democratic Party that it gave $4,452,585 to in the last election manages to push into existence a groundbreaking new commodities bubble, disguised as an "environmental plan," called cap-and-trade. The new carbon-credit market is a virtual repeat of the commodities-market casino that's been kind to Goldman, except it has one delicious new wrinkle: If the plan goes forward as expected, the rise in prices will be government-mandated. Goldman won't even have to rig the game. It will be rigged in advance.

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"You have brains in your head. You have feet in your shoes. You can steer yourself any direction you choose."
From Oh the Places You'll Go, by Dr. Seuss (Theodor Geisel)
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