Since you go to a grocery store and buy bacon every week, does that give you the right to sue your local grocer when you get heart disease? When I visit Whole Foods Market, Inc. [[WFMI]] , I buy domestic organically grown food, despite all of the Mexican shit on sale down the block. When it comes to beef, I try to buy grass fed only, mainly because I am not into e-coli poisoning. When visiting my favorite grocery stores, I speak to people. I talk to the butchers, the managers, even the cashiers. Most of them eat corn fed beef and absolutely love bacon. However, the manager of the grocery store, down the block, fucking hates bacon and avoids eating meat, whenever he can.
The government hacks going after Goldman, because their super sophisticated clients (institutions) lost money betting on the housing market, is equal to me suing Whole Foods Market, Inc. [[WFMI]] because my cholesterol is 208; and hell, last I checked, those fuckers sold meat.
Assholes of Congress, like-minded internet idiots: Goldman does not service pikers. The people who bought products from Goldman did so because they wanted to, not because they were cajoled. For Pete’s sake, the CLO, CDO, CMO market was booming for years prior to the collapse. Goldman was simply supplying the market with lots of red meat because their was LOTS of demand. What they did with their own money should not concern the government, just like it’s none of my business what the manager of Whole Foods is eating for dinner tonight. Unless their was gross negligence and/or a deliberate intent to “get liquid” off of their clients, this government versus Goldman Sachs stinks of sour grapes.
As for the market, it’s a mixed bag. Earning are coming in well above expectations, which should keep the ball rolling downhill—for now.
You might as well just grow that sh*t yourself unless you really like to buy into and believe they are handling it differently.
you want me to “grow cows”?
What a great idea.
Oh don’t be so cretinous, you know what I meant =P
Fly there was an interesting debate on Bloomie over the weekend on
http://www.bloomberg.com/tvradio/tv/Microsite_US_08.swf
Clearly some products just taste better that are grown and produced organically
Phillip Morris was doing the same thing….because there was lots of demand…..still doesn’t mean they acted right in many instances. We all suffered because of the fraud….even you Le Fly with your 155 IQ and granite counter tops.
Your house is down 10-15% who would’ve could of guessed that outcome during the coked up years!
We have moved from the Green Shoots to V recovery….. V V V V V V V V RECOVERY at least until years end…LOL
Well, Phillip Morris is a different beast. They were trying to suppress the ill effects of tobacco. And, they were selling to idiots.
Goldman’s products were working wonders for years and they were selling to multi billion dollar banks, with vast resources available to them, in order to do due diligence. Apples and oranges.
Many Goldman traders smoke/smoked.
And are smoked.
_______
marlowe and daughters. much better experience than wfmi. you get to see them carve up whole animals in front of your eyes while you drink a nice cup of coffee.
That’s a little too organic for me.
Out of my GS puts earlier, but will reload if GS breaks 152.50
I want a bigger mug, at least 16 oz., and I’m gonna sue your ass unless I get it.
This entire public dispute between the government and GS, from the rarely-released details of the ABN deal, to the publically released emails, to the public hearings today, was orchestrated by the government and GS as a PR stunt. Just in time for the Fall elections, the government can pretend they went after GS, and GS can get some egg on their face, pay a fine, and play the victim, putting this whole thing behind them. Both parties are having a huge PR problem, three years ago, Left loved GS cuz they were the academic rich nerds, the Right loved them cuz they were capitalist super stars. Now, the only thing people agree on is that GS is scum. It is a real problem for GS and the only way to address it is to take some heat. I don’t buy this shit for one second. If the financial crisis made anything clear to me, it’s that GS = US Government. If the Gov’t really wanted to go after GS, they could’ve found something far more incriminating than this benign fucking deal.
*removes tin foil hat*
I love the smell of a good sell-off in the morning.
This is all like duh today….I am really surprised why everyone on TV/Pro blogs are surprised and grasping for reasons.
WFMI is there so sophisitcates can pay double for the same shit and feel good about it.
Goldman sells “shitty deals.”
It’s most extraordinary to hear a Senator, a committee chairman, use that language. This is better than soap opera. Goldman sent some lambs in to slaughter, maybe as a sacrifice, to take one for the firm. Survival is the goal now. Congress will cut off our nose to spite our face.
TLT rocks for now!!! For how long…..
Dude iMAX your returns buy buying mucho IMAX NOW!!!!
http://ibankcoin.com/henry_fool/2010/04/27/traders-investors-gen-pop-buy-imax-now/
People keep saying that Greece should leave the Euro. Perhaps Germany should leave.
In other news Greek bonds can’t be used as collateral in the Europe now. This one has legs I think. They can’t bail out Greece , they should just let that fucker go hang.
Here’s another shocker. French banks have 25% of outstanding Greek debt.
This shit has legs.
Everyone keeps saying that Greece represents a tiny portion of Europe, which is true. However those fuckers have 450 billion in debt. That’s what is important.
The idea of fuckwit politicians questioning traders about how markets work is like a plumber questioning a brain surgeon.
You get my drift.
Fuck these shitwads.
The people need their pound of flesh. To reach what I believe you yanks call “closure”. Taxes have to go up, jobs are lost and on top of that, to see nobody get a bollocking would leave people less likely to vote for you and more likely to get a bit lary.
None of this changes your valid points though.
PS. I sold off the day before the robots…..thats a first….and a last.