On reading the news of Goldman Sach's involvement in the Greek Government's heretofore successful plot to negatively obscure their fiscal position from the rest of the world (with the notable exception of Goldman Sachs, it seems worth noting) a vision sprang to mind. In it, a group of Greek Finance Officials are seated on...
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The Mask of Solvency
Freedom’s Idealogical Mansion
By Jorma
(Stool Pigeons Wire) December 21, 2009 – The relentless lowering of the top tax rates and capital gains rates and the effective corporate tax rate has been causal of everything the critics of the status quo rail at. Not tangential, causal. This is the ideological divide that cannot be crossed. The free...
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Goldman’s Earnings Down On Security Costs
by Jorma
Dec. 1- (The Stool Pigeons Wire) Shares of Goldman Sachs fell this morning on the announcement that its earnings will fall significantly due to expenses related to providing security for its partners and facilities. A $20 billion dollar contract with Homeland Security will be administered by Xe, formerly Blackwater, who will provide security...
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Will Goldman Sachs “Do It Again”?
The key to the game is your capital reserves, If you haven't got enough, you can't piss in the tall weeds with the big dogs. Gordon Gekko
Sidney Weinberg must be rolling in his grave at the news that Goldman Sachs, according to press reports, intends to pay its employees bonuses totaling some $23B. Mr....
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Actionable: Occam?s Razors
According to Goldman Sachs estimates, the US Treasury faces an unprecedented financing need in fiscal year 2009 to the tune of issuance at $2 trillion. Roughly $1.4 trillion will be new debt issuance. There is an estimated budget deficit of $850 billion, funding TARP purchases of up to $500 billion and the rollover of...
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