Round 1: Goldman Wins, Taxpayers Lose

Remember Goldman received $12B in AIG bailout money - they held the right side of many AIG bad trades. Goldman should thank the taxpayer for making AIG counterparty risk as minimal as T-Bills.

Sad... the average amercan earns $40,000... these folks will earn enough money in one year than the average american earns in 15 years... on the backs of a taking taxpayer aid! What a joke - yeah, it looks pretty rigged from this side of the street too. And that's AVERAGE bonus... it's amazing that these folks can sleep at night after they laugh all the way to the bank!

do any of you douchebags that comment actually listen to the video or read the article?

when was the last year Tax Payers won?.....Votes don't matter...Tax payers need their own lobbying group that can pay politicians and their kids more money than they already getting from existing lobying groups, just to get politiicans to do their job.

Gerrit- Bush and Obama are two faces on the same coin. They are both pawns to bigger forces that keep the money game in DC going. I think it's funny and near-sighted to defend either one of the two clowns against criticism. They both deserve it.

Agree with many of the comments except the obama ones, do your reseach, this is a still a part of the Bush/Paulson non-sense, not the obama nonsense or have you all forgotten Paulson was the former CEO of Goldman's, just taking good care of his of his old buddies before he left.

GS is "too big to fail" already, it must be dismantled! It is exactly the kind of thing the regulators say shouldn't be allowed. Yet they do.

impeach Obama Obamunism will destroy America

yogi9448 - Monday July 13, 2009 01:06PM EDT Votes don't matter...Tax payers need their own lobbying group that can pay politicians and their kids more money than they already getting from existing lobying groups, just to get politiicans to do their job. ---------------------------------------------------------------------------------------- You have a point there. Its become a bidding war for the tax-payer's money. The only ones not bidding are the tax-payers.

Goldman, AIG, Government......did everybody foreget that Goldman had their inside man set up and in place when this plug was pulled? Do you think there was a reason Goldman got out of the short term debt market just before the plug was pulled? And who "Pulled the Plug" on those worthless direvitives? Can you say...."Hank Paulson" !!! In 2004, at the request of the major Wall Street investment houses—including Goldman Sachs, then headed by Paulson—the U.S. Securities and Exchange Commission agreed unanimously to release the major investment houses from the net capital rule, the requirement that their brokerages hold reserve capital that limited their leverage and risk exposure. Goldman knew the boat was leaking when Paulson left Goldman and the work began to get him into the Fed. Then he is the guy who makes sure AIG got 12,B of our tax dollars so Goldman could collect 100% of their money while everyone else gets pennies on the dollar.

Get the money back from Goldman that Goldman got from AIG. Goldman is manipulating the government with their insider sweethearts.

This guy Henry Blodget was crucial in fueling internet bubble. Now, he is talking in favor of GS. These creeps have no shame.

Henry and Aaron, can you invite Whitney to this show? I have one question of her endorsement of the GS. ************** Goldman's Principal % of total NYSE trades has been at 30% to 40% of NYSE volume. There is nothing supplemental about this dubious Supplemental Liquidity Program. What do you call it? What is your definition of monopoly? ******************** Now, when GS gets a $0.0015 rebate per order execution with such a volume above, it is a guaranteed money making machine both figuratively and literally. What do you call this? What is your definition of monopoly? Word "jealous" implies at least that the success is legitimate? Is this one so? What is your definition of SLEIGHT of HAND? ************ Since it is no longer supplemental? Why doesn't NYSE expand the SLP to the entire market so that EVERY order gets a $0.0015 rebate? You see, a simple logic exercise reveals the corruption. *********** Whitney, I am putting you on the spot here: Is this ethical for you to recommend such a firm without any note of caution? Now to your foolish "good value" call on BAC? BAC is not a good value at this price. You will see 1)The trading profit which is the single biggest contributor in Q1 will be hard to beat 2) The accounting gain on the ML debt will be a loss due to the smaller spread in Q2 3)All one time gains including the AIG back door gift and the sale of China Construction stake will NOT be there in Q2 4)The mortgage banking rev. will be hard to beat due to the rate spike since late May, which will NOT lock in many deals. 5)The M2M had been fully taken advantage of. No more "benefit" this time 6)The credit losses will be staggering on all consumer and small business products. 7) The good ol' ass-kicking OTTI on the security write down. This is the consequence of M2M change: It becomes A DEATH BY 2 QTRS OF CUTS i/o the write off 8) The severely diluted EPS due to the recent share issuance.

TIME OUT ANTI CAPITALIST!! We never asked for the damn TARP to begin with. So it is time to take your artilce, roll it into a cylinder shape, attach a tiny light and go explore your Alimentary Canal for polyps.

After you read these kind story you have to belive Big Trading Firm like G S. they can manipulate the market.They have huge cash.If they turn on switch to buy ( like today ) market goes up, they turn off switch to sell market comes dowm (like last couple weeks) When they have cash follow problem Uncle Sam will Print For Them.

I have to admire the nerve they have to loan money to a company, learn their financials and then purchase credit default swaps, withdraw financing and drive the company bankrupt..profiting all the way. Leaving the stockholders, employees and the taxpayer picking up the pieces. Don't we have a great system?

I was not a Bush fan, but if you think that the Obama admisistration hasn't bent over backwards for Goldman you are mistaken. This is not about republican or democrat because both parties are owned by wall street. For those Obama supporters out there research how many staff memebers worked for goldman and on wall street. Learn about the NY FED. being head of NY Fed is the same as being head of Goldman essentially. it is a private bank controlled by wall street. and the head serves at the pleasure of wall street (geitner). Summers was paid 5 mill a year for a one day a week job from a hedge fund. You think he is going to do somethng to hurt them. Summers caused derivates to be considered insurance and is hence has a major role in the cause of this crisis. Thos who have been supporting Obama in this do not know what the truth is. I want to make clear Bush was an ass too. Obama has backed down at every chance he has had when faced with industry pressure. his reform program does nothig to ensure a crisis like this won't happen again and does nothing to prevent too big to fail. He ran on the promise of letting judges alter mortages. he backed down for this immediately under wall street pressure and if you have been reading nothing has come of his program to decrease forclosures. Why is the tax payer paying banks 75 billion to alter mortages. when a bank for closes it cost them money, so we are paying them to do the thing that makes them money. See Obama has sold it as a program to help you, when it is a subsidy to banks for doing what thy should anyway. that shows Obama is the smoke and mirrors president. He stands for nothing, and won't stand up for anything when wall street wants something else.

the announcers are lying sacks of shi.... It is easy to rpint money when you have a green light by the government to manipulate the markets. Your have partners who run treasury, NYSE, commodities exchanges, and now the program. You are a fool if you think this firm didn't manipulate the whole episode. If you flip a coin and it lands 49/50 times heads something is wrong. the coin has landed 49/50 times goldmans way. that means something is wrong with the coin. If you trade as often as I do, and any other regular trader, is going to tell you they can see that the markets are being manipulated more than ever. I invite you to check out zerohedge.com, godlmansachs666.com, and reggie middleton. Note, there is almost no mention of stock market manipulation from these folks. that is the truth behind their profits, and that manipulation is protected by the government, and they are making money at your expense, and destabilizing the country. These people belong behind bars, after an estensive federal investigation of the firm. The fact that that investigaion has not happened despite all of the overwhelming evidence tells you something. I will tell you these guys do not know what they are talking about. the straight drop for about two months from jan to march was engineered by goldman and they nyse has the trading data to prove it. they have also manipulated the NYSE up on the bounce. why is this firm regularly trading well over double the next firm. when you control over 10% of all the volume traded on the NYSE you control the NYSE. Once more check out zerohedge, they have the data and when you see it you will be stunned. Government for the people means goldman in Jail

If the taxpayers get all the money back from Goldman, then fine, let's call it even, but I doubt that will happen...

Dollar a year turd from All State who was runing AIG, was on board of Godman, making sure they got their money from government. Goldman executives along with turd from Morgan Stanley, Mack should be hung for their crimes along with lobbying buddies, and buddies from Washington, Barnie Frank, Todd, Scumer, Lugar, Bayh, and Nobama