Comments for Goldman Sachs Did Not Just Survive, It Was Rescued at http://www.cepr.net , comment 1 to 10 out of 10 comments http://www.cepr.net Thu, 23 May 2013 11:46:29 +0100 FeedCreator 1.7.3 http://www.cepr.net/index.php/blogs/beat-the-press/goldman-sachs-did-not-just-survive-it-was-rescued#comment-2778 Tucked away in our [url=http://www.timberland4you.co.uk/]timberland for you[/url] subconscious is an idyllic vision. We see ourselves on a long trip that [url=http://www.timberland4you.co.uk/Men's-6-Inch-Timberland-Boots/Men's_Blue_Timberland_6-inch_Boot.html]timberland 6 inch[/url] spans the continent. YQ - timberland for you Fri, 10 Sep 2010 22:37:53 +0100 http://www.cepr.net/index.php/blogs/beat-the-press/goldman-sachs-did-not-just-survive-it-was-rescued#comment-2385 [url=http://www.financemetrics.com/]Money Saving Tips[/url] =-By definition, this means that the bailout funds will be used to help AIG meet its obligations, including obligations to Goldman. But AIG had no direct exposure to the loss of Goldman was very close to zero - Jehnavi Wed, 25 Aug 2010 01:57:13 +0100 http://www.cepr.net/index.php/blogs/beat-the-press/goldman-sachs-did-not-just-survive-it-was-rescued#comment-1766 U.S. government decided that AIG's failure represents a risk to the stability of the financial system as a whole, which intervened to save the company. By definition, this means that the bailout funds are used to allow AIG to meet its obligations, including the obligation to Goldman. But AIG had failed, direct exposure to loss of Goldman was actually close to zero - because of the cash collateral of the company has declared itself against credit default swaps and additional coverage I had done. [url=http://www.tipsforinvesting.net/structured-settlement-loans.html]Structured Settlement Loans[/url] - Jehnavi Tue, 27 Jul 2010 22:38:49 +0100 http://www.cepr.net/index.php/blogs/beat-the-press/goldman-sachs-did-not-just-survive-it-was-rescued#comment-1549 I'd like to know not just how much they made on this particular deal but all similar types of deals. The SEC sued them on this single ABACUS deal, but we know there were hundreds perhaps thousands of similar deals/arrangements that Goldman set up. Did they also mislead on those? If so then the fine should be many times the total profit from all those transactions combined. I'm guessing it is not. - Brett Fri, 16 Jul 2010 08:41:22 +0100 http://www.cepr.net/index.php/blogs/beat-the-press/goldman-sachs-did-not-just-survive-it-was-rescued#comment-1545 High tax rates on capital gains, especially over a reasonable time (longer than 1 year) would replace a low probability of getting caught with a certainty. It would require entrepreneurs to work consistently over a period of years to amass a fortune rather than through a big coup which may or may not be fraudulent. The probability of detection increases greatly with time. This version of the role of tax incentives is consistent with tax-rate history in the U.S. The moronically simple version which claims that lower tax rates always provide constructive incentives is not. - skeptonomist Fri, 16 Jul 2010 04:49:03 +0100 http://www.cepr.net/index.php/blogs/beat-the-press/goldman-sachs-did-not-just-survive-it-was-rescued#comment-1541 The issue of inadequate fines comes up in another poorly regulated part of the American economy, casinos. Similar to the big banks, casinos are also subject to fines for behaving badly (serving minors, etc) but in order to be effective the fines must be set at a significant percentage of revenue, rather than an arbitrary fee, because the casinos regard such fines as the cost of doing business. The casinos will respond, as in improve bad behaviors, when penalties show up as significant hits on revenue. But the typical penalties are so low that it's more like theater rather than effective regulation. I learned about this in an article about casinos which I read just prior to the global econ crisis, and which has influenced my perspective throughout the crisis: Kindt JW. The failure to regulate the gambling industry effectively: incentives for perpetual non-compliance. Southern Illinois University Law Journal, Winter 2003, p 243. There are many parallels between the predatory behaviors of casinos and the banks. The similarities, including the close relationships between the industry and government, are very striking. - MB Fri, 16 Jul 2010 03:51:13 +0100 http://www.cepr.net/index.php/blogs/beat-the-press/goldman-sachs-did-not-just-survive-it-was-rescued#comment-1540 While I have grown to despise Goldman Sachs, I do admire their ability to always win. Even after being levied a $550 million dollar record fine, their stock is up today. I assume that is because the market realizes what a great deal this was for them. Nothing has changed. The too big to fail firms have only gotten bigger. The casino is rigged and Goldman Sachs is reaping the rewards. Hats off to Goldman. - Hospital Administrator Fri, 16 Jul 2010 03:28:46 +0100 http://www.cepr.net/index.php/blogs/beat-the-press/goldman-sachs-did-not-just-survive-it-was-rescued#comment-1538 whoa Dean, ur way off on this one- of course the SEC can't levee an exorbitant fine, or else Goldman might go belly up which would cause a chain reaction of bank failures, a nuclear meltdown of the financial industry, an armageddon on the economic front, a ... (your Paulsonesque scare propaganda here) - frankenduf Fri, 16 Jul 2010 02:54:43 +0100 http://www.cepr.net/index.php/blogs/beat-the-press/goldman-sachs-did-not-just-survive-it-was-rescued#comment-1536 "The comfort of the rich depends upon an abundant supply of the poor" - Voltaire - Scott ffolliott Fri, 16 Jul 2010 02:23:52 +0100 http://www.cepr.net/index.php/blogs/beat-the-press/goldman-sachs-did-not-just-survive-it-was-rescued#comment-1533 The difficulty with Dean's analogy comparing Goldman Sachs's survival to that of an earthquake vicitim is it's a good bet that the earthquake victim didn't cause the earthquake. - Queen of Sheba Fri, 16 Jul 2010 01:50:10 +0100