Goldman and Sacks has great quater

Discussion in 'Economy' started by Truthmatters, Apr 13, 2009.

  1. Truthmatters
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    BBC NEWS | Business | Goldman Sachs sees strong results


    In contrast, the previous quarter had seen the firm post its first quarterly loss since going public in 1999.

    The bank also said it would place $5bn worth of its stock on the market, to raise funds to repay an emergency $10bn loan provided by the US government.
     
  2. Yurt
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    Yurt Gold Member

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    no wonder obama is runnign around trying to tell everyone that his stimulus projects are ahead of schedule...if the economy turns around this quick, he can't take the credit
     
  3. Sarah G
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    Sarah G When Nothing Goes Right, Go Left Supporting Member

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    Good news. Again. :)
     
  4. Truthmatters
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    Yurt, Are you insane?


    the bailout is working.
     
  5. manu1959
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    manu1959 Left Coast Isolationist

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    ya like wells 3 billion profit after getting 25 billion....all this means is that the losses were titanic and offset by my tax dollar bail out.....

    investing in failed companies.....our government is brilliant....

    the rich get richer ..... any of these billions made it to "the people" yet....

    btw.....you do know the 700 billion bank bailout money was bush's gig.....
     
    Last edited: Apr 13, 2009
  6. Peejay
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    Also we can see that all the bullshit about Goldman Sachs wanting to return their TARP money but the Treasury denying them was just that: BULLSHIT.

    They are now saying that they would like to pay it back IF thay can raise the money through selling these shares AND pulling additional resources.

    They don't have the damned money to give back. That whole flap was bullshit.
     
  7. Truthmatters
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    It had to be done.

    We can get payed back and then still have a banking industry instead of just letting it die and we mire in a depression for a decade.

    I just wish Bush had put the correct stipulations in the package in the first place.
     
  8. Truthmatters
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    The people who were anti bailout will look really stupid in the end
     
  9. manu1959
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    manu1959 Left Coast Isolationist

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    yep .... bush was a pretty smart guy to pass out 700 billion to the banks....
     
  10. Truthmatters
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    It was the smartest thing he did.

    If he had not we would be in very bad shape right now.

    Obama will get the credit though
     

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