Goldman Sachs May Report Stong Profit

Goldman Sachs May Report Stong Profit

www.nytimes.com

Analysts predict the bank earned a profit of more than $2 billion in the March-June period, because of its trading prowess across world markets. If they are right, the bank’s rivals will once again be left to wonder exactly how Goldman, long the envy of Wall Street, could have rebounded so drastically only months after the nation’s financial industry was shaken to its foundations.

(visit the link for the full news article)



Related AboveTopSecret.com Discussion Threads:
Taibbi: NYSE ends transparency to protect Goldman Sachs
Goldman Sachs Loses Grip on Its Doomsday Machine
How Goldman Sachs Runs The World

Interesting. As I recall, it was George W. Bush who put former CEOs of Goldman in charge of the Treasury Department - and, Hank Paulson orchestrated the holdup last Fall - pre the General Election.

It was Mr. Paulson who vanquished former foe Dick Fuld and his bank, Goldman's main competitor - with the swipe of a pen - and, ensured AIG's debts to Goldman were paid 100% on the dollar COMBINED with direct loan payments to Goldman Sachs, who morphed into an actual bank (for a period of time) to benefit.

Yes...how soon we forget, which is WHY America is in this muddle.

Some of us REMEMBER who set this up...and that our new President needs to keep some of the architects of this madness very close to disentangle it. But, that thinking is for mature adults...not the kiddies, who prefer to spin tales.

www.nytimes.com
(visit the link for the full news article)