So you know how the tinfoil hat crew said the financial bailout was money we were never gonna see again and would hasten the impending death of the american economy?
Yeah, Goldman Sachs’ portion earned a $1.4 billion profit for you on only $10 bil worth of borrowed funds. Looks like they were wrong, as always.
Impossible!
This has to be a part of Obama’s secret “destroy capitalism plan”.
How did they “earn” profit? Where did that “profit” come from? Could it maybe be from the bottom fabricated in the market with all that bailout money? Who did they sell shares to at profit? Are the grunts that bought those shares to get back into the market going to come out on top?
The bailout money is something that came from nowhere…a slight of hand.
That’s nothing new with the USD or any fiat currency with a fractional reserve lending practice. What is new though, is the amount of lendability and liquidity they just created from thin air. The banks weren’t truely insolvent, they hold the rights to damn near everything in this country. They weren’t as strapped as we were made to believe.
Lot of what if’s with that news IMO. Grain of salt is needed.
OMG NO WAI! God i hate how I was explaining this to people for months and now we have proof.
It would appear they used the bailout money to create a bottom in the financial markets. I would agree with you guys if and only if the money infused into the system that created a bottom was removed completely after recovery begins. If not, the inflationary effects and lending potential are VAST and would cause long term damage. As if the fundamentals of the country aren’t way out of wack as is. :banghead:
Question though, where did the money come from that we lent to them in the first place?
Wait a second?
They were loaned this money back in October? So this falls under the original TARP right?
Crap, I have to give this one to Bush.
A magic hat. The bunny died so they filled it with US monies. LOL
For the record I never said the bailout money would never be seen again. Me personally, I said it’s a piss poor idea for the long term…the real big picture. But alas, every fiat currency has it’s expiration…this just puts that date exponentially closer IMO. At least we can still all charge and take loans for neato stuff we can’t afford tho. :meh: The ability to lend like crazy will get the economy back in gear I would think. So it’s a great band aid fix to provide a shiny here and now, at the expense of the future. Ahhh, the American way…FUCK YEAH. LOL
The treasury sold bonds and bills, to domestic and foreign investors.
But…but…Bush was a total fuck up and Obama is the lord and savior of us all…this can’t be!