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About LinkBacksOh dear. I hear the beginning of an avalanche of GS threads.
Is Goldman Sachs the new Lisbon Treaty?
Oh dear. I hear the beginning of an avalanche of GS threads.
Is Goldman Sachs the new Lisbon Treaty?
To live honestly, to hurt no one, to give every one his due.
SnobOriginally Posted by The Caped Cod
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¦ . ¦ Gnosis desires dominion over being; in order to seize control of being the Gnostic constructs his system. -
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Chief culprit behind the subprime mortgage crisis Goldman Sachs
Goldman Sachs in the real estate bubble in the disaster played a disgraceful role. His games are played or the same old story: lower underwriting standards, Eligibility For the Citimortgage Loan Modification but this reduction is not the IPO but the mortgage loan standards. As we all know, mortgage dealer for several decades, insisted owners should pay at least about 10% of the down payment, and the need to have a stable income and good credit history, Government Mortgage Modification Options the owners also need to be a real name, but by the beginning of 2000 , Goldman Sachs suddenly thrown into this all Zhaowa Guo, lower lending standards, people can get any house purchase loans.
However, Goldman Sachs, there are ways to cover up they sell these toxic debts. First, they tied up hundreds of different mortgage-backed collateralized debt obligations made (CDO), and then CDO to sell to investors. Their theory is: the repayment of certain mortgage loans will have a good record, Government Creates a Loan Modification Program investors have no reason to worry about mortgages. Thus, CDO and running in become a good investment vehicle, junk mortgages into AAA-level investment assets. Second, the hedging their bets. Goldman Sachs was AIG and other companies to provide insurance for the CDO (credit default swaps). Chase Mortgage Refinancing The credit default swaps AIG and Goldman Sachs are among the horse racing gamble: Goldman Sachs gamble onThe Most Efficient Ways of Keeping Your Mortgage criminal records of non-compliance will continue to default, AIG will bet they will not.
Analysts expect Goldman Sachs third-quarter revenue will reach 12 billion U.S. dollars, pre-tax profit will reach 3.5 billion. different mortgage refinancing options In these revenue of 60 billion U.S. dollars will be used for Goldman Sachs in London department 5500 salariesReal Estate Tips and Tricks For Mortgage and bonuses paid. However, according to the provisions of Goldman Sachs in December dividend will be the end of a one-time payment, but the specific amount will depend on fourth quarter results of operations.
If Goldman Sachs is expected to reach an initial amount of the actual dividend, then each the average income of Goldman Mortgage Payment With a Mortgage CalculatorSachs employees will reach 70 million, a figure higher than the 2008 increase of 363 thousand U.S. dollars has nearly doubled, and higher than the 2007 peak of 661,000 U.S. dollars level.
Analysts forecast, Goldman Sachs's fixed-income sector will become a giant investment bank, this important source of profit. responsibility for household loans According to Reuters statistics, in the UK market, Goldman Sachs is currently the second-largest brokerage, its scale of operation after another U.S. financial institution JP Morgan.
"No one rules if no one obeys" - Tao
I'd say that being spoken to like shïte by some skanger or scumbag, or indeed just your average drunken *************************, and having to stay polite and take it is degrading. Especailly when you're beng payed fùck all for the pleasure of it..
"Authority that cannot be questioned is tyranny and I will not accept tyranny, any tyranny, even that of heaven."
- Terry Pratchett
Too simplistic.
There will always be a divide between the lad in the top 1% and the lad in the bottom 30%, but when that divide stretches to several hundred million it is wholly wrong.
No one has a right to earn that sort of money from a salaried position; it is obscene and wholly immoral.
I have met many Goldmanites in my time and their messianic belief that they are genuinely worth the millions they are paid is frightening.
If one thing came out of Blankfein’s odious article in the ST it’s just that. “We’re worth every penny and more and work hard for it”
In fact if I had a tenner for every time one of them bored me with tales of their 60-70 hour working week, I'd probably be as wealthy as them.
Truly despicable people
Goldman's vast reserves would have meant nothing if AIG had gone to the wall as their each way bets would not have been paid out.
Even Blankfein accepts the federal bail out that just about saved AIG in turn saved everyone.
But accepting it and being humble about it are two vastly different concepts on Planet blankfein.
Having got away with their chicanery they are going to make good their escape and have found their new ponzi (pure good old fashioned proprietary punting on a biblical scale using all their clout inside and outside Goldmans to ******************** the small fry), initiate a 50-100% stock market rally then dump it once the suckers are well on board and reality dawns that there was nothing behind the rally except buying itself.
Where did you find that article? It looks like a monkey wrote it, it is incoherent. but you so say that GS met a demand. that demand was that people who otherwise had little chance of getting a mortgage were offered one. Indeed Fannie Mae were not given much chance, they had to guarantee such mortgages. That was in 1999, by early 2007 people were seriously defaulting and this was the spark that started the crisis.
The truthiness will set you free! - Stephen Colbert.
Says who? I am content to see people who create wealth and/or jobs or even play a part in other people's creation being played well. As for people who do nothing and contribute nothing I would like to see them getting less.
The truthiness will set you free! - Stephen Colbert.
She was working 60-70 hours a week? The lucky *************************! I work 90 at minimum.
As an aside, they're ******************************g wrong about the GS bailout money. They repaid it all plus 23% interest. But don't let the truth get in the way of a good story.
Every one sees what you appear to be, few really know what you are, and those few dare not oppose themselves to the opinion of the many, who have the majesty of the state to defend them.
- [SIZE=2]Niccolò Machiavelli[/SIZE]
I know at least 6 people Goldman Sachs and not one of them "create wealth and/or jobs".
One of them acted as salesman for a gigantic program trade I once did as a fund manager.
I chose GS because they had the best system IT to ensure this got done without any market impact (ie me getting stiffed on price).
The salesman got nearly 1 million in a bonus for this, shilling his bosses that he should be given sole credit for the massive fees the trade created.
99% of what GS and other investment banks do is bollix (anyone should be able to execute a trade on line directly with an exchange, as for coroprate advice, give me a break, a shakedown comparable with auctioneering) and will be redundant in a decade, but with the political clout they have, they know this so they will ahve moved on to something else like the locusts they are.
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