Sunday, December 13, 2009

Yet More Reasons The Survey Says Goldman Sucks!

Well, now we have a clue, on why Goldman Sach's Brian Griffith was so hawkish for achieving greater prosperity and opportunity.

Goldman Fueled AIG Gambles ... Wall Street Titan's Role Shown in Journal Analysis; Firm Says Problems Hidden

Goldman Sachs Group Inc. played a bigger role than has been publicly disclosed in fueling the mortgage bets that nearly felled American International Group Inc.

Goldman was one of 16 banks paid off when the U.S. government last year spent billions closing out soured trades that AIG made with the financial firms.

A Wall Street Journal analysis of AIG's trades, which were on pools of mortgage debt, shows that Goldman was a key player in many of them, even the ones involving other banks.
Barry Ritholtz suggests there's some action needed;
Any Congress people — Bernie Sanders maybe? Perhaps Senators Schumer or Dodd might forget all of the Finance driven campaign contributions they have gotten over the years and come up with a plan. I would imagine Alan Grayson is one of the few Freshman Congresmen who can think of a way to clawback some of the ill gotten booty Goldman grabbed from Treasury.

Read the entire article, our computer doesn't have the font "Profound Creepiness".

In the meantime, we'll trot out Richard Dawson, for a hearty call out;

"Survey Says ... Goldman Sucks!"

Bonus Links

NYT Editorial: Goldman’s Non-Apology

Igor Volsky - Goldman Sachs Report: Watered Down Senate Bill Would Lead To ‘Bull Case Scenario’ For Insurance Industry

Greg Gordon | McClatchy Newspapers: Goldman takes on new role: taking away people's homes

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