Comments on: Goldman may repay government funds but not ease U.S. grip http://blogs.reuters.com/great-debate/2009/04/14/goldman-may-repay-government-funds-but-not-ease-us-grip/ Thu, 21 Jul 2016 07:57:19 +0000 hourly 1 http://wordpress.org/?v=4.2.5 By: gunlock http://blogs.reuters.com/great-debate/2009/04/14/goldman-may-repay-government-funds-but-not-ease-us-grip/#comment-13109 Mon, 20 Apr 2009 01:12:01 +0000 http://blogs.reuters.com/great-debate/?p=2969#comment-13109 Yeah of course GS is profitable. They recouped 100% on the CDS contracts thanks to the US govt while being hedged. So they make money on both side of the trade?! This is not a well run buisness, its a crony capitalism. They would be bankrupt without the US government bending over backward to accommodate their every need. I mean why didn’t they let Lehman or Bear Sterns become a bank holding company when they faced bankrupcy??

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By: McChavelli http://blogs.reuters.com/great-debate/2009/04/14/goldman-may-repay-government-funds-but-not-ease-us-grip/#comment-12876 Tue, 14 Apr 2009 18:03:13 +0000 http://blogs.reuters.com/great-debate/?p=2969#comment-12876 1. 2007 – 2008 Goldman Sachs buys CDS from AIG;

2. September – November 2008 – Goldman Sachs swallows $90 billion from the TARP funds, all taxpayers monies

3. CDS are payable to Goldman Sachs by end-December & end March

4. March 2009 – Githner & Co ‘bails out’ AIG with an additional $30 billion of tax payer’s monies’ (third bailout)

5. March 2009 – $12.5 billion of tax payer’s monies from the $170 billion are paid by AIG to Goldman Sachs).

Privatization of profits and debt socialization….nice….

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