Comments on: TARP 2009: Where Are They Now? Part II http://weakonomics.com/2009/12/09/tarp-2009-where-are-they-now-part-ii/ Everything That's Wrong With You And Your Money Wed, 23 May 2012 01:09:00 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: bo tanical http://weakonomics.com/2009/12/09/tarp-2009-where-are-they-now-part-ii/comment-page-1/#comment-3363 bo tanical Wed, 16 Dec 2009 07:44:49 +0000 http://weakonomics.com/?p=3504#comment-3363 Goldman won twice or maybe 3 times - direct TARP money - (1) CDO payout from AIG bailout (2) Highspeed trading from servers on the trading floors based on tremendous volume of share trading caused by massive injection of stimulus money into the banks and markets by the fed (3) Record bonuses (win number 4!!!) these guys can't lose and they are just doing the work of God, as we were reminded ("Blankfein went on record claiming that in being greedy he was actually doing the work of God" -http://www.hedgefund.net/publicnews/default.aspx?story=10645) Makes me warm and tingly and proud to be an American when I see how rich and philanthropic the American Tax Payer is. I mean being able to bail out the banks & Wall Street traders that screw them constantly with exorbirant overdraft charges, arbitrary late fees, usury interest rates that make payday loans look reasonable, while the same taxpayers suffer under the burden of an 18% unemployment rate, reduced hours for those left working and a general declining standard of living. We make the Chinese look like pikers when it comes to doing more with less and we make the zealotry of self-flagelation of religions seem like a hangnail compared to the pointless pain we endure for the benefit of our financial masters. It just makes me all warm and fuzzy and proud to know I'm part of this great machine, and really motivates me to stock up on more canned goods and silver coins as I watch this slow motion train wreck destroy a once great nation. If we are to learn anything of this disaster, we should be asking ourselves why did it happen when it did and who benefited most, for with those two pieces of information we can perhaps unravel who orchestrated the collapse and for what reasons. Happy Holidays and may the New Year and decade bring us all a better world. Goldman won twice or maybe 3 times – direct TARP money – (1)
CDO payout from AIG bailout (2)
Highspeed trading from servers on the trading floors based on tremendous volume of share trading caused by massive injection of stimulus money into the banks and markets by the fed (3)
Record bonuses (win number 4!!!) these guys can’t lose and they are just doing the work of God, as we were reminded (“Blankfein went on record claiming that in being greedy he was actually doing the work of God” -http://www.hedgefund.net/publicnews/default.aspx?story=10645)

Makes me warm and tingly and proud to be an American when I see how rich and philanthropic the American Tax Payer is. I mean being able to bail out the banks & Wall Street traders that screw them constantly with exorbirant overdraft charges, arbitrary late fees, usury interest rates that make payday loans look reasonable, while the same taxpayers suffer under the burden of an 18% unemployment rate, reduced hours for those left working and a general declining standard of living. We make the Chinese look like pikers when it comes to doing more with less and we make the zealotry of self-flagelation of religions seem like a hangnail compared to the pointless pain we endure for the benefit of our financial masters. It just makes me all warm and fuzzy and proud to know I’m part of this great machine, and really motivates me to stock up on more canned goods and silver coins as I watch this slow motion train wreck destroy a once great nation.

If we are to learn anything of this disaster, we should be asking ourselves why did it happen when it did and who benefited most, for with those two pieces of information we can perhaps unravel who orchestrated the collapse and for what reasons.

Happy Holidays and may the New Year and decade bring us all a better world.

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