Max Blog: Blankfein gives free breakfast to life savings loser

Posted on July 24, 2009 by maxkeiser| 14 Comments

Max: This is the equivalent of the casino giving away a free breakfast to someone who just lost their life savings at the roulette wheel. Buffett is getting 10% right now on the money he loaned to Goldman and the loan is convertible to Goldman stock at $115. He’s up 40% in nine months! Why is Geithner giving away America’s play on the rise in Goldman’s stock? America bailed out the bank but America does not get to participate in it’s ‘recovery.’ Plus, Goldman, after becoming a bank and, therefore, making itself eligible for free government money – NEVER DISBANDED THEIR HEDGE FUND. This is patently ILLEGAL.

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14 Responses to Max Blog: Blankfein gives free breakfast to life savings loser

  1. TS Gordon | July 24, 2009 at 6:59 am |

    ..and on the Eighth day they were born again ‘fair traders.’

  2. Dedo | July 24, 2009 at 6:54 am |

    Bernanke says (put your hands on your heads) !

    By Craig Torres

    July 24 (Bloomberg) — Federal Reserve Chairman Ben S. Bernanke said it would be an “incremental and natural extension” of the central bank’s role to have broader supervisory powers over threats posed to the financial system.

    An approach “that takes into account the safety and soundness of the financial system as a whole, as well as individual institutions” needs to be incorporated into supervision, Bernanke said in prepared remarks before the House Financial Services Committee.

  3. Youri Carma | July 24, 2009 at 5:05 am |

    Scams And Bailouts The Cause of World Depression http://tinyurl.com/njvvef

  4. stacyherbert | July 24, 2009 at 4:42 am |

    @gonzomarx – truly awesome story! thanks for that

  5. gonzomarx | July 24, 2009 at 4:38 am |

    something for NZTAM, if you haven’t seen it

    NZ Artist takes $190,000 out of bank because they won’t give him a mortgage
    http://tinyurl.com/lck96l

    Roger makes a good point, they don’t trust a customer of 25 years but a shark in a suit can sell them shit and they’ll think it’s gold.
    local finance is the way forward, cut up the credit card join the credit union

  7. Mary Kapadia | July 24, 2009 at 3:42 am |

    Can the grassroots do something? Can we stop using credit cards for instance? Can we bring down Am Ex and Visa? I tired of passive bystander…

  8. Mini US | July 24, 2009 at 3:36 am |

    The quote from the article was…

    Jan Hatzius, the chief U.S. economist at Goldman Sachs in New York, is particularly pessimistic. His projections show policy makers should plan for policies equivalent to a fed funds rate of negative 9 percent by December.

    “They are not following the Taylor rule at the moment,” Hatzius said. “If they were, they’d be more aggressive.”

  9. Mini US | July 24, 2009 at 3:34 am |

    I just found out what the ‘Taylor Rule’ of measuring interest rates by the inflation rate is.
    Hhahahahahahahhahahaha
    This explains a lot…

    This comes from this article.
    Wow, these guys make Bernanke look clever!

    http://www.bloomberg.com/apps/news?pid=20601109&sid=a7cS00ug7huI

  10. Mike2liverpool | July 24, 2009 at 3:06 am |

    Max
    Untill “Bubber the dum-f*ck” see’s it your no chance. He too into his flat screen/watching the BIG game.

    Your only hope is to target overseas investors, get them to see that investments in US/UK is just flushing the cash down the crapper………..Starve the beast!

    Mike

  11. Mini US | July 24, 2009 at 2:55 am |

    @Max
    Sounds like you will have a good guest in Geoffrey Robertson then. regarding the legality of GS’s actions.
    Maybe he’ll take it on pro bono?!?!?!?!?!?!
    Cooooool

  12. Mini US | July 24, 2009 at 2:21 am |

    Sorry this is a little flippant for such an important Thread but I couldn’t resist it.
    Living proof that MacDonalds just doesn’t satisfy ones hunger.
    It could therefore be used as a future currency IMHO.

    http://www.abc.net.au/news/stories/2009/07/24/2635608.htm

  13. alister | July 24, 2009 at 2:16 am |

    george carlin: power does what it wants, and now they’re just more naked about it

  14. snoop diddy | July 24, 2009 at 1:54 am |

    I wondered what the deal was with their hedge fund.