Goldman Sachs

fun fact in all of this.

The "victim" of this "fraud" was purposely seeking to buy the subprime bonds that GS was trading. But why let that get in the way of the narrative that wall street is bad and the government must be able to control it

 

Kindly quote where I said that Democrats were exempt from blame? After you do that, I'll explain how it's a Republican Bill/legislation and how it remains so despite Democrats voting for it.

This is true only if you believe that the mess was created after January 19th, 2009.

Let me phrase it for you this way: If the Financial Services Modernization Act of 1999 had not been introduced by Phil Gramm (Republican of Texas), Jim Leach (R-Iowa) and Rep. Thomas J. Bliley, Jr. (R-Virginia) we would not be in the current situation we're in now. Three Republicans manufactured this bill. This makes it a Repubican Bill, regarfdless of who votes for it or who doesn't vpote of it. If it never passes, guess what? It's still a Republican Bill. Nothing on this planet will change this into anything other than a Republican Bill. You can cry, you can scream, you can curse and you can beat your tiny fists on the ground as hard as you can, but this will remain a Republican Bill.

Are they exempt from blame? Hell no, but that still does not change the fact that this is a Republican policy. Hopefully you might be beginning to understand a bit, but I doubt that you will admit it.

Yes, Gary Gensler, the chairman of the Commodity Futures Trading Commission; Mark Patterson, a former Goldman lobbyist who is chief of staff to Treasury Secretary Timothy Geithner; and Robert Hormats, the undersecretary of state for economic, energy and agricultural affairs were involved. Yes they are in Obama's administration. Guess what? Obama's Administration started January 19, 2009. This is after the fraud was conducted. Please tell me how his Administration is at fault for something that was done before it existed? Are we going to blame Bush for the New York terrorist attacks? Do we blame Gerald Ford for Vietnam? How far back are we going to start with your nonsense?

You started out blaming the Obama Administration. Now that you look foolish, you want to change your argument to involve Democrats everywhere, Make up your mind and stick with it.

 

The only people who deserve blame for this whole charade are congressional democrats and the Obama administration for demonizing a company, and wall street, for selling sub-prime bonds to someone who was willingly looking to buy them.

There was no fraud committed. No one forced this foreign company to buy these sub prime bonds and take on that risk.

 

Why is this a separate thread from the "rich people should pay thread?" It is the same crowd, and there, sports fans, you have your answer. You LA boys make everything to complicated.

hwr

 

You are absolutely right, the Democrats never are responsible for anything.

 

You either know nothing about the issue or lack the intellectual capacity to understand fraud. Hopefully you won't stab yourself in the eye the next time you color menu at Chili's.

That wasn't so hard, was it?

 

You could yes.

But most "conservatives" here wouldn't know a conservative if they ran into one.

 

Your inability to identify sarcasm goes hand in hand with you inability to see the truth.

Apparently ignorance is bliss!

Goldman Sachs are Democrats. Former Governor Jon Corzine used to be the CEO before being fired for being himself. Long before that, Clinton Treasury Secretary Robert Rubin came from Goldman.

Goldman rakes in huge bonuses, Democratic administrations rail against Wall Street Greed, and both sides laugh it off. If Goldman actually believed the government would harm them, they would not have donated so much to Barack Obama.

Barack Obama is not going to pick a fight with one of his biggest campaign donors. He will rail about greed, blame Republicans, and this will quietly fade away. Anybody who thinks that Robert Rubin and John Corzine are going to be investigated needs to have their head examined.

Mr. Obama may try to claim that Goldman was a pure entity until the George W. Bush Enron/Halliburton took over, and that Goldman is pure now that they left, but this assertion would be too ludicrous even for some liberals, (even Red and MLU)much less moderate reasonable voters.