Entries Tagged as 'goldman'

Chinese firm refuses to pay Goldman $80 million in derivatives losses

December 29th, 2009 109 Comments

Stacy Summary:  Oh yeah, here it comes.  If your government has nukes, trillions in T-bills AND will stand up to US extradition treaties . . . you have it made in this gangster-gulag-casino economy. Small Chinese firm tells Goldman to take a hike, refuses to pay $80 million in derivatives losses

Tags:   · ·

Two million Brits take pay cut to keep job, not one of them is a banker

December 5th, 2009 19 Comments

Stacy Summary:  Good morning y’all.   Getting ready to record Truth About Markets for today and Truth About Comments for tomorrow.  So, let’s have your comments below so we can include it in the show! Two million Brits take pay cut to keep jobs  (not one of them is a banker . . . ) Timmy [...]

Tags:   · · ·

A Wall Street disease destroying democracy and capitalism

November 24th, 2009 69 Comments

Stacy Summary:  Hmmm.  This is the second Wall Street destroying democracy meme in as many days.  Honestly, I think they are using wrong tense of word; I think democracy has already been destroyed.  Between this headline and yesterdays’ headline from Strauss-Kahn, they leave out hope that somehow it can all be fixed from the state [...]

Tags:   · ·

Drowning in Vegas, Protesting at Noon

November 16th, 2009 31 Comments

Stacy Summary: Afternoon, y’all. Deutsche Bank Drowning in Vegas on Costliest Bank-Owned Casino SEIU Organizing Protest in Front of Goldman’s DC Office

Tags:   · · ·

A second American stimulus and an empty Chinese city

November 13th, 2009 18 Comments

Stacy Summary: Good morning. I see more government printing in the news this morning. And, this news is, despite what Cramer says, the bad news cause of gold rising. What are you reading? Goldman on why a second stimulus bill is only months away (ZeroHedge) China’s empty city

Tags:   · · ·

Tavakoli: Goldman’s Undisclosed Role in AIG’s Distress

November 11th, 2009 22 Comments

Stacy Summary:  And, of course, Goldman’s undisclosed role will not be examined by Congress or one of the commissions designed to investigate how this ‘mysterious’ financial collapse happened. Goldman’s Undisclosed Role in AIG’s Distress [PDF]

Tags:   · ·

Ellen Brown: Goldman profits come from our pockets

November 10th, 2009 44 Comments

Stacy Summary:  This is the latest from Ellen Brown in which she argues for a Tobin tax.  Your thoughts? Goldman profits come from our pockets

Tags:   · ·

Dark pools & Lloyds’ shorts

October 28th, 2009 88 Comments

Stacy Summary:  I’m thinking that the crisis to end all crises will emerge from one of these ‘dark pools’ Traders stake millions shorting Lloyds Goldman argues that openness & transparency creates bad prices (Taibbi)

Tags:   · ·

Tavakoli on a windfall profits tax

October 20th, 2009 23 Comments

Stacy Summary:   I agree; but first we should remove all subsidies and cheap funding to the Friends of Timmy.  Then, we should take back what is ours.  And then, we should tar and feather them.  Or should that come before the windfall profits tax? We should impose a 95% excess profits tax on certain [...]

Tags:   · ·

Timmy and Hank’s cozy crisis calls to Wall Street

October 13th, 2009 226 Comments

Stacy Summary:  I’m afraid this has about as much chance of being looked into as Sibel Edmonds’ assertions of treason by Richard Perle and Douglas Feith. Timmy & Hank made many, many calls to friends on Wall St I think it’s time for Congress to look into this cozy arrangement between the people who run [...]

Tags:   · ·