Goldman Sachs' sub-prime bet pays off

[NoddY]

Back on topic

I suggest Goldman are 'successful' due to their proximity to decision makers, including government:


Treasury asks Goldman Sachs to find ways of avoiding nationalisation of Northern Rock:
http://www.guardian.co.uk/business/2...rnrock.banking

Another fee making opportunity, funded by Joe Public.

[Churchill]

Oh. So expressing how much I've missed you is evidence of the chip on my shoulder and borderline paranoid defensive traits. Actually, you appear to be the one displaying these tendencies.

Yeah, we're covering old ground here.

All we need is SB to leap in and it'll be like GroundHog day.

You're the kind of Scot who feels the world is against you so you have a chip on your shoulder. You immediately jump to the aggressive. You'll grow out of it. Either that or one day someone will punch your lights out.

Sess le pit.

[shaunbhoy]

Oh. So expressing how much I've missed you is evidence of the chip on my shoulder and borderline paranoid defensive traits. Actually, you appear to be the one displaying these tendencies.

Steady snaw. You'll have him googling for another "fraternity" to join in order to feel wanted. Must cost him a fortune mind you, but he has a prize collection of social crutches to help him grumble along life's highway.

[Churchill]

Steady snaw. You'll have him googling for another "fraternity" to join in order to feel wanted. Must cost him a fortune mind you, but he has a prize collection of social crutches to help him grumble along life's highway.

Speak of the devil.

What's wrong SB? Did you get blackballed by the local knitting circle?

[shaunbhoy]

Speak of the devil.

What's wrong SB? Did you get blackballed by the local knitting circle?

Never been "blackballed" in my life churchill. Never been afflicted by the overwhelming need to "belong" that seems to drive your every decision mind you. You really ought to explain just why you display such enmity towards the Scots. I expect you are still getting over one of them chinning you for being such an obnoxious big t0sser. Serves you right too.

[larry]

.

Mortgage Derivatives - sell!

Goldman makes over half its profits from trading their own money.

They're not nicknamed 'Golden Sacks' for nowt.

[snaw]

You're the kind of Scot who feels the world is against you so you have a chip on your shoulder. You immediately jump to the aggressive. You'll grow out of it. Either that or one day someone will punch your lights out.

Sess le pit.

Nope, most definitely not true. I love my life and am a very friendly guy. I just said, by analogy, that I don't miss you haunting these boards in a cabbage fart in a council house kind of way. That's not aggressive, it's just a statement of fact. You're incredibly dull, and you've got a massive problem with Scottish people, which I personally find to be borderline racist. Maybe the reason you find Scottish people aggro is due to you being such a bigot.

I don't get into fights as a rule, as I grew older I realised no one wins and it's a braver thing to walk away. But I'd certainly handle myself if someone did feel the need to 'punch my lights out', though strangely enough I never seem to get into that kind of situation - is it a common problem for you (I can imagine it is).

[AtW]

NO, what they did was CALL the market and call it right. That is exactly what every bank should have done, then they wouldn't be in this mess.

Look at NR - when they had problems big Hedge Funds started shorting their stock - it became one of the most shorted stocks and it made matters worse for NR. In effect guys with money gang up on it hoping that Govt will buy them out in full and they make lots of money from shares. Bad bet in the UK (they should have remembered Railtrack), but anyway such betting made matters worse to NR - this is market manipulation.

Banks should invest money into companies that make services and products needed by the market and banks should profit from dividends paid by those companies, not by clever financial games that screw up markets.

IMO the solution is high rate of global tax that penalise speculation in shares - 90%+. If City boys are so smart then perhaps they will indulge in a bit of real company creation, find cure for cancer, solve world energy crisis and more. In the meantime they are just effing up everyone with their games apart from themselves.

[sasguru]

Look at NR - when they had problems big Hedge Funds started shorting their stock - it became one of the most shorted stocks and it made matters worse for NR. In effect guys with money gang up on it hoping that Govt will buy them out in full and they make lots of money from shares. Bad bet in the UK (they should have remembered Railtrack), but anyway such betting made matters worse to NR - this is market manipulation.

Banks should invest money into companies that make services and products needed by the market and banks should profit from dividends paid by those companies, not by clever financial games that screw up markets.

IMO the solution is high rate of global tax that penalise speculation in shares - 90%+. If City boys are so smart then perhaps they will indulge in a bit of real company creation, find cure for cancer, solve world energy crisis and more. In the meantime they are just effing up everyone with their games apart from themselves.

Luckily you're too thick for your opinions to matter, ever.

[AtW]

Luckily you're too thick for your opinions to matter, ever.

You'd better start learning Chinese language - the way it goes you will soon need it.