Goldman Sachs: Where The Hell Is The Outrage? | Hacker News Reader

Goldman Sachs: Where The Hell Is The Outrage?

globaleconomicanalysis.blogspot.com

17 pointsjonmc126 comments

  One is left to wonder whether Goldman was really worth saving last year.

Very misleading article. A lot of half truths. Not HN material in my opinion.

Agree very much so

"For Goldman employees, it is almost as if the financial crisis never happened. Only months after paying back billions of taxpayer dollars..."

I don't really see the point here, I've tried reading up on wikipedia and such to see if I'm missing something but they have paid back the money (it would seem according to that quote and wikipedia). Therefore, why should people care what they do with their money now? Its their money!

People are annoyed because Goldman (and others) were lent a lot of money (at a time when credit was in short supply) at ridiculously favorable terms that you or I couldn't hope to get.

If I could borrow effectively unlimited money from the government at very low interest, I could make a killing too.

AIG also funneled a huge portion of its bailout to Goldman, and that money hasn't been paid back yet (and it doesn't look like it ever will).

They paid back $12 billion in direct loans with the $13 billion in federal money that was funneled to them via the AIG bailout. Nice shell game.

Can you provide further information? Why do you think this?

Great add jonmc12. This article might not appear relevant to HN, but the financial situation we are currently in will be looked back at like the robber barons of the 19th century.

It is startling that Paulson touts that $800 billion of tax payer dollars were needed to "free up the credit markets" and we find out they went right back to the casino.

Check this video out: http://bit.ly/4laL3d

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