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The Goldman Sachs takeover

Comments

  • Registered Users, Registered Users 2 Posts: 5,473 ✭✭✭robtri


    pure opinion piece....


  • Registered Users, Registered Users 2 Posts: 3,831 ✭✭✭Torakx


    Is your point that his oppinion is incorrect or correct?
    And why?
    He does say its his opinion also..

    "My opinion is based on the following facts. Goldman Sachs and US banks have guaranteed perhaps one trillion dollars or more of European sovereign debt by selling swaps or insurance against which they have not reserved. The fees the US banks received for guaranteeing the values of European sovereign debt instruments simply went into profits and executive bonuses. This, of course, is what ruined the American insurance giant, AIG, leading to the TARP bailout at US taxpayer expense and Goldman Sachs’ enormous profits."


  • Closed Accounts Posts: 3,038 ✭✭✭jackiebaron


    robtri wrote: »
    pure opinion piece....

    Pure, profound and valuable response. Enlightening, even.


  • Registered Users, Registered Users 2 Posts: 5,473 ✭✭✭robtri


    Pure, profound and valuable response. Enlightening, even.

    just as enlightening as your profound first post....


  • Registered Users, Registered Users 2 Posts: 63 ✭✭chooochooo


    GS reportedly gave direct orders to world central banks to flood the markets with cheap dollars yesterday. Believed with Euro truly on brink of collapse profit taking was exhausted and now necessary to reset the game for 2nd phase.


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