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Where does the Goldman Sachs money go??
http://www.opensecrets.org/orgs/summ...?id=d000000085
Goldman Sachs Goldman Sachs, one of Wall Street’s most prestigious investment banks, was also among the many banks in 2008 and 2009 to receive billions of dollars in taxpayer money to help it stay afloat. Like others in the securities industry, Goldman Sachs advises and invests in nearly every industry affected by federal legislation. The firm closely monitors issues including economic policy, trade and nearly all legislation that governs the financial sector. It has been a major proponent of privatizing Social Security as well as legislation that would essentially deregulate the investment banking/securities industry. The firm tends to give most of its money to Democrats. A number of high-ranking government officials in recent years have spent part of their careers at Goldman Sachs. -- John H For a great time, go here first... http://tinyurl.com/ygqxs5v |
Where does the Goldman Sachs money go??
On Sun, 25 Apr 2010 10:24:19 -0400, John H
wrote: http://www.opensecrets.org/orgs/summ...?id=d000000085 Goldman Sachs Goldman Sachs, one of Wall Street’s most prestigious investment banks, was also among the many banks in 2008 and 2009 to receive billions of dollars in taxpayer money to help it stay afloat. Like others in the securities industry, Goldman Sachs advises and invests in nearly every industry affected by federal legislation. The firm closely monitors issues including economic policy, trade and nearly all legislation that governs the financial sector. It has been a major proponent of privatizing Social Security as well as legislation that would essentially deregulate the investment banking/securities industry. The firm tends to give most of its money to Democrats. they used to. not anymore. the NY times reported yesterday that, since the begiining of the year, 2/3 of all bribes from the financial sector now go to the GOP. and last week, the chamber of commerce engineered a fund raiser/closed door meeting between 25 hedge fund managers and 2 GOP senators. |
Where does the Goldman Sachs money go??
On 25/04/2010 8:56 AM, bpuharic wrote:
On Sun, 25 Apr 2010 10:24:19 -0400, John wrote: http://www.opensecrets.org/orgs/summ...?id=d000000085 Goldman Sachs Goldman Sachs, one of Wall Street’s most prestigious investment banks, was also among the many banks in 2008 and 2009 to receive billions of dollars in taxpayer money to help it stay afloat. Like others in the securities industry, Goldman Sachs advises and invests in nearly every industry affected by federal legislation. The firm closely monitors issues including economic policy, trade and nearly all legislation that governs the financial sector. It has been a major proponent of privatizing Social Security as well as legislation that would essentially deregulate the investment banking/securities industry. The firm tends to give most of its money to Democrats. they used to. not anymore. the NY times reported yesterday that, since the begiining of the year, 2/3 of all bribes from the financial sector now go to the GOP. and last week, the chamber of commerce engineered a fund raiser/closed door meeting between 25 hedge fund managers and 2 GOP senators. It is probably why Obama is in a snit with Goldman, not enough bribes. -- Socialism and statism are great as long as someone else pays for it. |
Where does the Goldman Sachs money go??
On Sun, 25 Apr 2010 11:53:55 -0600, Canuck57
wrote: On 25/04/2010 8:56 AM, bpuharic wrote: On Sun, 25 Apr 2010 10:24:19 -0400, John wrote: http://www.opensecrets.org/orgs/summ...?id=d000000085 Goldman Sachs Goldman Sachs, one of Wall Street’s most prestigious investment banks, was also among the many banks in 2008 and 2009 to receive billions of dollars in taxpayer money to help it stay afloat. Like others in the securities industry, Goldman Sachs advises and invests in nearly every industry affected by federal legislation. The firm closely monitors issues including economic policy, trade and nearly all legislation that governs the financial sector. It has been a major proponent of privatizing Social Security as well as legislation that would essentially deregulate the investment banking/securities industry. The firm tends to give most of its money to Democrats. they used to. not anymore. the NY times reported yesterday that, since the begiining of the year, 2/3 of all bribes from the financial sector now go to the GOP. and last week, the chamber of commerce engineered a fund raiser/closed door meeting between 25 hedge fund managers and 2 GOP senators. It is probably why Obama is in a snit with Goldman, not enough bribes. which is great. that's the way the balance of power works in our corrupt political system. the outcome is the same. the enemies get screwed; in this case it's the investment bankers which is just as it should be. but you defend them 'cuz they're rich and they steal from the middle class that you hate |
Where does the Goldman Sachs money go??
On Sun, 25 Apr 2010 14:06:05 -0400, BAR wrote:
I think BP is ****ed that the political donations have a tendency to move the winners early. Especially when coming from large institutions. gee. imagine my disappointment that corruption and bribes can win an election. you a fan of the mexican electoral system, as well as its economic system? |
Where does the Goldman Sachs money go??
On Apr 25, 2:09*pm, bpuharic wrote:
On Sun, 25 Apr 2010 14:06:05 -0400, BAR wrote: I think BP is ****ed that the political donations have a tendency to move the winners early. Especially when coming from large institutions. gee. imagine my disappointment that corruption and bribes can win an election. It's really good to hear one of you liberal admit that's how BO got in, though. Refreshing. |
Where does the Goldman Sachs money go??
On 4/25/10 2:51 PM, Jack wrote:
On Apr 25, 2:09 pm, wrote: On Sun, 25 Apr 2010 14:06:05 -0400, wrote: I think BP is ****ed that the political donations have a tendency to move the winners early. Especially when coming from large institutions. gee. imagine my disappointment that corruption and bribes can win an election. It's really good to hear one of you liberal admit that's how BO got in, though. Refreshing. I thought it was because the majority of voters were afraid that if McCain were elected, he'd die in office and Ms. Moron would be president. -- The Tea Party's teabaggers are just the Republican base by another name. |
Where does the Goldman Sachs money go??
On Sun, 25 Apr 2010 11:51:41 -0700 (PDT), Jack
wrote: On Apr 25, 2:09*pm, bpuharic wrote: On Sun, 25 Apr 2010 14:06:05 -0400, BAR wrote: I think BP is ****ed that the political donations have a tendency to move the winners early. Especially when coming from large institutions. gee. imagine my disappointment that corruption and bribes can win an election. It's really good to hear one of you liberal admit that's how BO got in, though. Refreshing. ROFLMAO!! yeah, and bush did it the honest way, right? he stole the electdion fair and square the faith you right wingers have in your delusions is touching. it's good to know adults can act like children |
Where does the Goldman Sachs money go??
On Sun, 25 Apr 2010 14:57:11 -0400, hk
wrote: On 4/25/10 2:51 PM, Jack wrote: On Apr 25, 2:09 pm, wrote: On Sun, 25 Apr 2010 14:06:05 -0400, wrote: I think BP is ****ed that the political donations have a tendency to move the winners early. Especially when coming from large institutions. gee. imagine my disappointment that corruption and bribes can win an election. It's really good to hear one of you liberal admit that's how BO got in, though. Refreshing. I thought it was because the majority of voters were afraid that if McCain were elected, he'd die in office and Ms. Moron would be president. i recently watched the movie '13 days'...about the cuban missile crisis. can you imagine what would have happened if mccain was president...he got senile (as he already is) and palin was pres? we'd all be radioactive ash. |
Where does the Goldman Sachs money go??
On Apr 25, 10:56*am, bpuharic wrote:
On Sun, 25 Apr 2010 10:24:19 -0400, John H wrote: http://www.opensecrets.org/orgs/summ...?id=d000000085 Goldman Sachs Goldman Sachs, one of Wall Street’s most prestigious investment banks, was also among the many banks in 2008 and 2009 to receive billions of dollars in taxpayer money to help it stay afloat. Like others in the securities industry, Goldman Sachs advises and invests in nearly every industry affected by federal legislation. The firm closely monitors issues including economic policy, trade and nearly all legislation that governs the financial sector. It has been a major proponent of privatizing Social Security as well as legislation that would essentially deregulate the investment banking/securities industry. The firm tends to give most of its money to Democrats. they used to. not anymore. the NY times reported yesterday that, since the begiining of the year, 2/3 of all bribes from the financial sector now go to the GOP. and last week, the chamber of commerce engineered a fund raiser/closed door meeting between 25 hedge fund managers and 2 GOP senators. 'Used to' my ass. This year Goldman Sachs has given two times as much to bribe Democrats as Republicans. Learn to read. Maybe that's why you lost all your money. |
Where does the Goldman Sachs money go??
On Sun, 25 Apr 2010 15:13:34 -0400, wrote:
On Sun, 25 Apr 2010 11:53:55 -0600, Canuck57 wrote: It is probably why Obama is in a snit with Goldman, not enough bribes. -- 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.. I suspect that whatever happens to Goldman will be in accordance with the desires of the powers that be at Goldman. Obama isn't going to shoot a gift horse. -- John H For a great time, go here first... http://tinyurl.com/ygqxs5v |
Where does the Goldman Sachs money go??
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Where does the Goldman Sachs money go??
On Sun, 25 Apr 2010 15:20:37 -0400, John H
wrote: On Sun, 25 Apr 2010 15:13:34 -0400, wrote: On Sun, 25 Apr 2010 11:53:55 -0600, Canuck57 wrote: It is probably why Obama is in a snit with Goldman, not enough bribes. -- 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.. I suspect that whatever happens to Goldman will be in accordance with the desires of the powers that be at Goldman. Obama isn't going to shoot a gift horse. guess he doesn't read much right now wall street's money is flowing to the GOP |
Where does the Goldman Sachs money go??
On Sun, 25 Apr 2010 12:16:29 -0700 (PDT), John H
wrote: On Apr 25, 10:56*am, bpuharic wrote: On Sun, 25 Apr 2010 10:24:19 -0400, John H wrote: they used to. not anymore. the NY times reported yesterday that, since the begiining of the year, 2/3 of all bribes from the financial sector now go to the GOP. and last week, the chamber of commerce engineered a fund raiser/closed door meeting between 25 hedge fund managers and 2 GOP senators. 'Used to' my ass. This year Goldman Sachs has given two times as much to bribe Democrats as Republicans. Learn to read. Maybe that's why you lost all your money really? is that what rush is telling you to say? i realize that, as a conservative, you never think for yourself, because you're not too bright, but i guess he hasn't forced you to read this: http://www.cbsnews.com/8301-503544_1...83-503544.html Sixty-two percent of the money from that industry has gone to Democrats, and 37 percent to Republicans. (That has changed somewhat recently, the Journal notes: In the first two months of the year, Citigroup, Goldman , J.P. Morgan and Morgan Stanley gave twice as much to Republicans than Democrats.) and this this: http://wallstreetpit.com/23015-repub...al-reform-bill where 25 top wall street execs met with the GOP to bribe them behind closed doors and then there's: http://online.wsj.com/article/SB2000...216461790.html Republicans are stepping up their campaign to win donations from Wall Street, trying to capitalize on an increasing sense of regret among executives at big financial institutions for backing Democrats in 2008. In discussions with Wall Street executives, Republicans are striving to make the case that they are banks' best hope of preventing President Barack Obama and congressional Democrats from cracking down on Wall Street. A complete picture of Wall Street's 2009 campaign donations won't be available for a few weeks. Through the third quarter, campaign-finance reports show that some major Wall Street players began sending an increasing share of their donations to Republicans. Many of those donations came toward the end of this period, because many banks had essentially shut down their political giving at the height of the financial crisis. Through the first nine months of 2009, about 54% of donations from Bank of America Corp.'s political action committee and employees went to Republicans, according to campaign-finance data compiled by the nonpartisan Center for Responsive Politics. That was a switch from the 2008 campaign, when 56% of the company's donations went to Democrats. Shirley Norton, a BofA spokeswoman, said it doesn't base PAC donations on party affiliation |
Where does the Goldman Sachs money go??
On 25/04/2010 12:04 PM, bpuharic wrote:
On Sun, 25 Apr 2010 11:53:55 -0600, wrote: On 25/04/2010 8:56 AM, bpuharic wrote: On Sun, 25 Apr 2010 10:24:19 -0400, John wrote: http://www.opensecrets.org/orgs/summ...?id=d000000085 Goldman Sachs Goldman Sachs, one of Wall Street’s most prestigious investment banks, was also among the many banks in 2008 and 2009 to receive billions of dollars in taxpayer money to help it stay afloat. Like others in the securities industry, Goldman Sachs advises and invests in nearly every industry affected by federal legislation. The firm closely monitors issues including economic policy, trade and nearly all legislation that governs the financial sector. It has been a major proponent of privatizing Social Security as well as legislation that would essentially deregulate the investment banking/securities industry. The firm tends to give most of its money to Democrats. they used to. not anymore. the NY times reported yesterday that, since the begiining of the year, 2/3 of all bribes from the financial sector now go to the GOP. and last week, the chamber of commerce engineered a fund raiser/closed door meeting between 25 hedge fund managers and 2 GOP senators. It is probably why Obama is in a snit with Goldman, not enough bribes. which is great. that's the way the balance of power works in our corrupt political system. the outcome is the same. the enemies get screwed; in this case it's the investment bankers which is just as it should be. but you defend them 'cuz they're rich and they steal from the middle class that you hate No. I play the game as presented to me and don't let, or shall I say try not to let my predispositions in how I think it should work cloud me to how it real does work. I try to divorce my feelings and spend most of the energy at observing and learning. Because at the end of the stock ticking day, it maters not a damn what I or you think, it maters how the market moved and why. People do have the real power, just that they don't turn their brains onto reality always looking for the lazy way out of their self made problems. So like a herd of sheep they follow the Mesiah Obama hoping for the quick fix, in the microwave and all is well. Hey, I don't deny the system is corrupt. That is why it is failing. Doesn't mean I can't make some money trying to pick and back producers. -- Socialism and statism are great as long as someone else pays for it. |
Where does the Goldman Sachs money go??
On 25/04/2010 12:09 PM, bpuharic wrote:
On Sun, 25 Apr 2010 14:06:05 -0400, wrote: I think BP is ****ed that the political donations have a tendency to move the winners early. Especially when coming from large institutions. gee. imagine my disappointment that corruption and bribes can win an election. you a fan of the mexican electoral system, as well as its economic system? So? What are you doing to change it? Vote for the same old corruption parties like Rep and Dem? How about the Tea Party? New faces at least. Or start your socialist party. -- Socialism and statism are great as long as someone else pays for it. |
Where does the Goldman Sachs money go??
On 25/04/2010 12:51 PM, Jack wrote:
On Apr 25, 2:09 pm, wrote: On Sun, 25 Apr 2010 14:06:05 -0400, wrote: I think BP is ****ed that the political donations have a tendency to move the winners early. Especially when coming from large institutions. gee. imagine my disappointment that corruption and bribes can win an election. It's really good to hear one of you liberal admit that's how BO got in, though. Refreshing. BO does know how to lie well doesn't he. I will give him that. -- Socialism and statism are great as long as someone else pays for it. |
Where does the Goldman Sachs money go??
On 25/04/2010 12:57 PM, hk wrote:
On 4/25/10 2:51 PM, Jack wrote: On Apr 25, 2:09 pm, wrote: On Sun, 25 Apr 2010 14:06:05 -0400, wrote: I think BP is ****ed that the political donations have a tendency to move the winners early. Especially when coming from large institutions. gee. imagine my disappointment that corruption and bribes can win an election. It's really good to hear one of you liberal admit that's how BO got in, though. Refreshing. I thought it was because the majority of voters were afraid that if McCain were elected, he'd die in office and Ms. Moron would be president. I will say I was surprised on how many women haters are out there like yourself. Personally most ordinary house wives without Harvard could do a better job of budgeting than Obama from Harvard. -- Socialism and statism are great as long as someone else pays for it. |
Where does the Goldman Sachs money go??
On 25/04/2010 1:00 PM, bpuharic wrote:
On Sun, 25 Apr 2010 14:57:11 -0400, wrote: On 4/25/10 2:51 PM, Jack wrote: On Apr 25, 2:09 pm, wrote: On Sun, 25 Apr 2010 14:06:05 -0400, wrote: I think BP is ****ed that the political donations have a tendency to move the winners early. Especially when coming from large institutions. gee. imagine my disappointment that corruption and bribes can win an election. It's really good to hear one of you liberal admit that's how BO got in, though. Refreshing. I thought it was because the majority of voters were afraid that if McCain were elected, he'd die in office and Ms. Moron would be president. i recently watched the movie '13 days'...about the cuban missile crisis. can you imagine what would have happened if mccain was president...he got senile (as he already is) and palin was pres? we'd all be radioactive ash. Depends, do you follow the rant on Nostradamus. Don't believe in the **** myself but 2012 is supposed to be the big end of it all. Given it is also the year in which Obama faces certain decimation at the polls, why not start a war? Say 666 days after his initial inauguration. He could be an anti-christ. But I think Obama is just a hype turkey jack ass whey in over his head. -- Socialism and statism are great as long as someone else pays for it. |
Where does the Goldman Sachs money go??
wrote in message
... On Sun, 25 Apr 2010 11:53:55 -0600, Canuck57 wrote: It is probably why Obama is in a snit with Goldman, not enough bribes. -- 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.. I think what they did is illegal, but time will tell. Seemsl like splitting it up wouldn't be such a terrible thing. -- Nom=de=Plume |
Where does the Goldman Sachs money go??
On Sun, 25 Apr 2010 14:10:38 -0600, Canuck57
wrote: On 25/04/2010 1:00 PM, bpuharic wrote: On Sun, 25 Apr 2010 14:57:11 -0400, wrote: can you imagine what would have happened if mccain was president...he got senile (as he already is) and palin was pres? we'd all be radioactive ash. Depends, do you follow the rant on Nostradamus. Don't believe in the **** myself but 2012 is supposed to be the big end of it all. uh, WTF?? what does this have to do with anything? Given it is also the year in which Obama faces certain decimation at the polls, why not start a war? Say 666 days after his initial inauguration. He could be an anti-christ. ROFLMAO!! start a war??HAHAHAHA!!! BUSH ALREADY DID!!! christ you guys are stupid. compared to you, depleted uranium is aerogel. |
Where does the Goldman Sachs money go??
On Sun, 25 Apr 2010 14:04:04 -0600, Canuck57
wrote: On 25/04/2010 12:51 PM, Jack wrote: On Apr 25, 2:09 pm, wrote: On Sun, 25 Apr 2010 14:06:05 -0400, wrote: I think BP is ****ed that the political donations have a tendency to move the winners early. Especially when coming from large institutions. gee. imagine my disappointment that corruption and bribes can win an election. It's really good to hear one of you liberal admit that's how BO got in, though. Refreshing. BO does know how to lie well doesn't he. I will give him that. golly. think how much you'd love him if only he were white. |
Where does the Goldman Sachs money go??
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Where does the Goldman Sachs money go??
On 25/04/2010 1:20 PM, John H wrote:
On Sun, 25 Apr 2010 15:13:34 -0400, 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. -- 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.. I suspect that whatever happens to Goldman will be in accordance with the desires of the powers that be at Goldman. Obama isn't going to shoot a gift horse. Obama isn't showing many signs of being economically astute. While I am sure he would loose, does not mean he couldn't make a mess trying. -- Socialism and statism are great as long as someone else pays for it. |
Where does the Goldman Sachs money go??
On 25/04/2010 1:29 PM, bpuharic wrote:
On Sun, 25 Apr 2010 15:20:37 -0400, John wrote: On Sun, 25 Apr 2010 15:13:34 -0400, 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. -- 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.. I suspect that whatever happens to Goldman will be in accordance with the desires of the powers that be at Goldman. Obama isn't going to shoot a gift horse. guess he doesn't read much right now wall street's money is flowing to the GOP Yep, they have tasted Obamanation and decided it was not a good idea. Some do learn. -- Socialism and statism are great as long as someone else pays for it. |
Where does the Goldman Sachs money go??
On 25/04/2010 1:41 PM, bpuharic wrote:
On Sun, 25 Apr 2010 12:16:29 -0700 (PDT), John H wrote: On Apr 25, 10:56 am, wrote: On Sun, 25 Apr 2010 10:24:19 -0400, John wrote: they used to. not anymore. the NY times reported yesterday that, since the begiining of the year, 2/3 of all bribes from the financial sector now go to the GOP. and last week, the chamber of commerce engineered a fund raiser/closed door meeting between 25 hedge fund managers and 2 GOP senators. 'Used to' my ass. This year Goldman Sachs has given two times as much to bribe Democrats as Republicans. Learn to read. Maybe that's why you lost all your money really? is that what rush is telling you to say? i realize that, as a conservative, you never think for yourself, because you're not too bright, but i guess he hasn't forced you to read this: http://www.cbsnews.com/8301-503544_1...83-503544.html Sixty-two percent of the money from that industry has gone to Democrats, and 37 percent to Republicans. (That has changed somewhat recently, the Journal notes: In the first two months of the year, Citigroup, Goldman , J.P. Morgan and Morgan Stanley gave twice as much to Republicans than Democrats.) and this this: http://wallstreetpit.com/23015-repub...al-reform-bill where 25 top wall street execs met with the GOP to bribe them behind closed doors and then there's: http://online.wsj.com/article/SB2000...216461790.html Republicans are stepping up their campaign to win donations from Wall Street, trying to capitalize on an increasing sense of regret among executives at big financial institutions for backing Democrats in 2008. In discussions with Wall Street executives, Republicans are striving to make the case that they are banks' best hope of preventing President Barack Obama and congressional Democrats from cracking down on Wall Street. A complete picture of Wall Street's 2009 campaign donations won't be available for a few weeks. Through the third quarter, campaign-finance reports show that some major Wall Street players began sending an increasing share of their donations to Republicans. Many of those donations came toward the end of this period, because many banks had essentially shut down their political giving at the height of the financial crisis. Through the first nine months of 2009, about 54% of donations from Bank of America Corp.'s political action committee and employees went to Republicans, according to campaign-finance data compiled by the nonpartisan Center for Responsive Politics. That was a switch from the 2008 campaign, when 56% of the company's donations went to Democrats. Shirley Norton, a BofA spokeswoman, said it doesn't base PAC donations on party affiliation So is what you are saying is Obama is misusing the powers of his office to pick on companies that contribute to GOP? -- Socialism and statism are great as long as someone else pays for it. |
Where does the Goldman Sachs money go??
On Sun, 25 Apr 2010 17:04:05 -0600, Canuck57
wrote: On 25/04/2010 1:29 PM, bpuharic wrote: On Sun, 25 Apr 2010 15:20:37 -0400, John wrote: right now wall street's money is flowing to the GOP Yep, they have tasted Obamanation and decided it was not a good idea. Some do learn. yeah imagine. the rich heading for the GOP because the dems have had enough of wall street thievery i know that's not what you meant. to you, wall street is god |
Where does the Goldman Sachs money go??
On Sun, 25 Apr 2010 17:02:56 -0600, Canuck57
wrote: On 25/04/2010 1:20 PM, John H wrote: On Sun, 25 Apr 2010 15:13:34 -0400, 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. -- 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.. I suspect that whatever happens to Goldman will be in accordance with the desires of the powers that be at Goldman. Obama isn't going to shoot a gift horse. Obama isn't showing many signs of being economically astute. While I am sure he would loose, does not mean he couldn't make a mess trying. you mean other than the fact the economy is growing and unemployment is dropping? gee. what you mean is he isnt helping the rich to rape the middle class |
Where does the Goldman Sachs money go??
On Sun, 25 Apr 2010 17:01:19 -0600, Canuck57
wrote: 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. -- 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. somebody needs to. bush didn't have the balls. |
Where does the Goldman Sachs money go??
On Sun, 25 Apr 2010 21:16:15 -0400, wrote:
My real problem is, this will put us past the evil $250k mark if I try to roll it all at once and the IRS will come after me. I'm probably missing something here but I believe you should be able to roll over any amount of 401 money into an IRA without any tax liability. |
Where does the Goldman Sachs money go??
On Apr 25, 9:56*am, bpuharic wrote:
On Sun, 25 Apr 2010 10:24:19 -0400, John H wrote: http://www.opensecrets.org/orgs/summ...?id=d000000085 Goldman Sachs Goldman Sachs, one of Wall Street’s most prestigious investment banks, was also among the many banks in 2008 and 2009 to receive billions of dollars in taxpayer money to help it stay afloat. Like others in the securities industry, Goldman Sachs advises and invests in nearly every industry affected by federal legislation. The firm closely monitors issues including economic policy, trade and nearly all legislation that governs the financial sector. It has been a major proponent of privatizing Social Security as well as legislation that would essentially deregulate the investment banking/securities industry. The firm tends to give most of its money to Democrats. they used to. not anymore. the NY times reported yesterday that, since the begiining of the year, 2/3 of all bribes from the financial sector now go to the GOP. Good! Where's my dividend check! ?;^ ) |
Where does the Goldman Sachs money go??
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Where does the Goldman Sachs money go??
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Where does the Goldman Sachs money go??
On 25/04/2010 11:18 PM, wrote:
On Sun, 25 Apr 2010 21:34:40 -0600, wrote: On 25/04/2010 7:18 PM, wrote: On Sun, 25 Apr 2010 17:01:19 -0600, wrote: 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. I only hope the PR drives their stock down so I can get some cheap. $10 would do it, $5 would be great. Come on baby, papa needs a new boat! Hahaha, you have the right idea. To steal the phrase, "That baby has to pay daddy!" Think, if you bought GS when Obama got elected, you would be up 300%. Heck, if it drops to $100 just might. But somehow don't think we will see $5/share. GS-A was $20.90 Friday, down about $2 in 2 days. It had been a $25 stock before the crash and dropped like a stone a couple years ago with everything else. It recovered to $20-22 range. There is no reason to believe it won't be back again as long as nothing serious happens to Goldman and I don't expect it to. Those are depositary shares. The common is GS. Don't know enough to comment on depositary shares. But a quick look shows they might be interesting if your after foreign content. But much would depend what companies it represents and the details as I like a certain amount of foreign content these days. If the Chinese ever let the Yuan float, the USD would fall. -- Socialism and statism are great as long as someone else pays for it. |
Where does the Goldman Sachs money go??
On 25/04/2010 11:10 PM, wrote:
On Sun, 25 Apr 2010 21:18:39 -0600, wrote: On 25/04/2010 7:16 PM, wrote: My real problem is, this will put us past the evil $250k mark if I try to roll it all at once and the IRS will come after me. Pray tell what is the $250K mark? Some penalties? And roll it into what? IRA? Capital gains amount?? If you make over $250k the Obama tax increases really smack you. Rolling it to a IRA shouldn't be a big deal but my roll over wasn't over $250K so I didn't go there. But I don't remember any such limit. The key is making sure the money shows up in the IRA promptly. If you have a tax pre person, this is a 1 minute question, I would ask. I suspect you can roll it over without issue. Also need to consider vesting if some of it isn't yet vested. In which case just roll over the vested part. -- Socialism and statism are great as long as someone else pays for it. |
Where does the Goldman Sachs money go??
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... On Sun, 25 Apr 2010 13:26:08 -0700, "nom=de=plume" wrote: 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.. I think what they did is illegal, but time will tell. Seemsl like splitting it up wouldn't be such a terrible thing. -- I think that is a good idea too. I would feel better knowing my broker was not selling me advice and then profiting by betting against what he sold me. It burns me up that any supposed reputable company would do this and have it be condoned at the highest levels. I don't really trust any of them so I don't pay for their advice. I am somewhat depending on them because my pension is an annuity but they are planning it such that I get paid a specific amount and they still make a profit. I am not doing something like a 401k where they can lose my money and still make a profit. I do plan on rolling my 401k over when I think the market is in a bit better shape. I the magic 59 1/2 but I stalled until the market was in decline, and it was really too late so I rode it down. I reallocated into the secure package and then rolled it back into the equities last year. That is probably why I am not crying like BP. I did lock in most of that 2007 money and then got to ride the market back up. My real problem is, this will put us past the evil $250k mark if I try to roll it all at once and the IRS will come after me. I mostly follow my own advice for investments. Fidelity and Vanguard don't get a commission on trades, but I still do my own research. -- Nom=de=Plume |
Where does the Goldman Sachs money go??
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... On Sun, 25 Apr 2010 21:25:42 -0400, Wayne.B wrote: On Sun, 25 Apr 2010 21:16:15 -0400, wrote: My real problem is, this will put us past the evil $250k mark if I try to roll it all at once and the IRS will come after me. I'm probably missing something here but I believe you should be able to roll over any amount of 401 money into an IRA without any tax liability. I would want it out and pay the taxes now before the rates really go up. Maybe a Roth but I am thinking I will just run t myself. One of these days somebody is going to decide the deficit is important and that tax deferred money is just way too attractive. There are no tax consequences... you have 60 days to roll it to an IRA. Withdrawing money from an IRA incurs a tax liability at whatever rate you're at. A ROTH is taxed initially, then tax free when you take out the money. -- Nom=de=Plume |
Where does the Goldman Sachs money go??
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... On Sun, 25 Apr 2010 21:18:39 -0600, Canuck57 wrote: On 25/04/2010 7:16 PM, wrote: My real problem is, this will put us past the evil $250k mark if I try to roll it all at once and the IRS will come after me. Pray tell what is the $250K mark? Some penalties? And roll it into what? IRA? Capital gains amount?? If you make over $250k the Obama tax increases really smack you. Untrue. It's a small increase. Those over $250K hardly care. At least that's my reaction anyway. -- Nom=de=Plume |
Where does the Goldman Sachs money go??
"Canuck57" wrote in message
... On 25/04/2010 11:10 PM, wrote: On Sun, 25 Apr 2010 21:18:39 -0600, wrote: On 25/04/2010 7:16 PM, wrote: My real problem is, this will put us past the evil $250k mark if I try to roll it all at once and the IRS will come after me. Pray tell what is the $250K mark? Some penalties? And roll it into what? IRA? Capital gains amount?? If you make over $250k the Obama tax increases really smack you. Rolling it to a IRA shouldn't be a big deal but my roll over wasn't over $250K so I didn't go there. But I don't remember any such limit. The key is making sure the money shows up in the IRA promptly. If you have a tax pre person, this is a 1 minute question, I would ask. I suspect you can roll it over without issue. Also need to consider vesting if some of it isn't yet vested. In which case just roll over the vested part. -- Socialism and statism are great as long as someone else pays for it. Vesting? That only happens if the company does a match of some of the money. Some companies have instant vesting of 401K money. Others require some sort of wait. -- Nom=de=Plume |
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