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Canuck57[_9_]

On 25/04/2010 1:13 PM, wrote:
On Sun, 25 Apr 2010 11:53:55 -0600,
wrote:

It is probably why Obama is in a snit with Goldman, not enough bribes.
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Obama went after Goldman to push his financial reform package. The
government is very likely to lose this case simply because what
Goldman did, while sleazy, was not illegal.
They want to make it illegal.
I suspect the result will be companies like Goldman will be split into
two companies (like they had to be before the Clinton administration).
There will be a brokerage company and a trading company, not one
company doing both..

That might not be a bad idea to split them. But make no mistake, Obama
is trying to scape goat them. Wants to look tough going into Novemeber
for the PR of it.

Going into this I investigate where I broker on both sides of the border
to be sure I wasn't part of a screwed up bank or investement leverages
underneath. Got my money out of Merrill Lynch 8 months before they
vaporized into Bank of America which I think too is in trouble last I
checked.

--
Socialism and statism are great as long as someone else pays for it.