Simply Politics & News

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Goldman didn't just receive bailout money to the tune of $20bn, but also benefitted from the fall of Lehman's at $12.1bn, whose Ceo should yet be indicted for fraud, along with Henry Paulson for supporting such and entity as GS is by no means innocent.

http://online.wsj.com/article/SB123819669102361547.html?ru=yahoo&mod=yahoo_hs
Wall Street firm Goldman Sachs Group Inc., which recently accepted government funds to bolster its operations, spent $58 million to buy two top executives out of some of the firm's in-house funds, a regulatory filing Friday showed.

Meanwhile, total compensation for the company's chief executive, chief financial officer and two co-presidents fell 97% to "$9.3 million in fiscal 2008" from $272.8 million a year earlier. The steep decline reflected that the executives got no bonus or stock options in the latest fiscal year.

'IT WILL BE TOUGH BUT THEY WILL TRY TO BUY ON SEVERAL MILLION'.


It falls in line with with being just as corrupted as the rest and maybe even more, who also has a Hedgefund operation offshore in the Caymans, is indicative that these Hedgies are being supported by the taxpayer, directly or indirectly matters little, GS benefits big time from its Hedgefund, and just one of the 14 brokerages who was recently fined for front running, and not their first for having broken SEC regulations, nor Knight Capital, but they continue to operate as if they are honorable institutions.

Whether it was Aig whose division for selling CDS's and operated a HedgeFund on top of their real insurance business, or GS, alot of these bailout funds are being used in conjunction with these units. Nice to know the Govt has involved itself in bailing out Hedgefunds, an Industry that is loaded with derivatives, and according to 2 reports these hedges are between $550 trillion to $700 trillion globably. "What could go wrong", they do have all their bases covered, right"?

If Aig will be dependent on a $440bn+ govt bailout to pay down these CDS bets, the rest of the derivatives market must be sound bets, only the best and the brightest could have contrived them. Like the best of the best who managed Long Term Capital Mgmt had been characterized as the best 2 Gunslingers in the Hedgefund Industry. They wanted to make the kind of name George Soro's made for himself, and were fast, real fast on the draw. When they were outgunned and bleeding and their billionaire clients saw the bankrobbers making off with their loot, they called Sheriff Greenspan to assemble a Posse.