Comments on: Get off Goldman Sach’s Case

By: NHF

NHF — Fri, 30 Apr 2010 00:31:55 +0000

Its funny how this has come around full circle now with Goldman in the hot seat with congress.

Im curious if everyone still has the same feelings about Goldman Sachs?

By: NHF

NHF — Thu, 23 Jul 2009 17:53:28 +0000

Looks like the WSJ jumped on this case now:

http://finance.yahoo.com/banking-budgeting/article/107397/dont-hate-goldman-for-making-money?mod=banking-budgeting&sec=topStories&pos=6&asset=&ccode=

By: Isaac D.

Isaac D. — Mon, 20 Jul 2009 16:53:03 +0000

Narby,

Connections have value too. Any way you chop it up the employees at G.S. add signficant value to the firms bottom line. If you want to keep them it requires that you pay them well. It is irrelevant how they make their firm money, what matters is they make more of it then their competition……. As for the bailout…..It has already been repaid…..actually the U.S. government made $400 million dollars on their short term “loan” to G.S. Probably one of the beter investments the government has made in the past year.

By: Will

Will — Mon, 20 Jul 2009 05:04:14 +0000

Goldman is shady, but from a money making perspective, they will establish new highs within the next 52 weeks. They are the best at what they do, which is manipulate markets and benefit by trading the move. All the banks do it, they just have more connections and talent. Lending is on the rocks, earnings have showed that commercial real estate is really starting to get killed, and unemployment is at an equivalent of 17% in real terms. Doesn’t really matter when the government is lending to these scumbags at 0% and the banks are turning it around at 5% mortgage and 15% credit card. I don’t like it, but financials are the buy of a century, even at these levels.

Bottom line, the banks run the world and the United States will make sure their creditors are happy. They will continue the ponzi scheme known as the United States economy, which will turn the markets higher until the real crash comes when Medicare and Social Security officially bankrupt our system.

By: Tony C

Tony C — Mon, 20 Jul 2009 02:02:30 +0000

It was not the best course of action for me to make an attack like that and I apologize. You’ve handled it very well…

GS is very dangerous to our country – the access and power has gone on for years as you’ve stated and that is not unusual as a number of influential companies also play a role in government. But what is unusual is the total disregard for America. It’s on full display for all to see without any hesitation from GS – that’s a change in direction and dangerous for our country. Yes, we can make money with them, by trading GS stock, oil, or even carbon credits one day knowing that they’ve rigged the system. But their actions are not good for America on a major scale and their success has become our detriment and thus the ethical issues. I can think of a number of ways to make money that do not have this baggage (NTES, GMCR, NFLX, etc.). Ethics is not something that I normally think about when trading a stock, but in this case it was inescapable for me.

So GS has become an Us vs. Them issue and will likely take on more steam in the coming months – especially if we have another leg down or the Fed is audited. Personally, I would like to see the GS “leaders” tried for treason.

At any rate, I do appreciate your site and your professionalism.