Wednesday, April 15, 2009

Goldman Suchs

Goldman Sachs
'Most Evil Entity in the Universe'

So now this piece-of-sh*t "bank" is trying to shut down a blog because they don't like it. But I guess that 'sticks and stones' don't apply when you have billions of taxpayer dollars and total control of the US Federal government (my opinion).
Here is the blog they're attempting to shut down:
Goldman Sachs - Evil Empire ('Evil Empire' is my edit & opinion)

Not to sound harsh, but I hope all employees of this company rot in hell. Is that too much?

Why do I feel that these "profits" (see below) belong to you and me?

2009-04-14: Goldman Sachs posts forecast-busting earnings
WASHINGTON (AFP) – US banking giant Goldman Sachs took markets by surprise, announcing forecast-busting quarterly earnings and a massive five-billion-dollar share issue to help repay government aid.

Goldman Sachs reported first-quarter net profit of 1.81 billion dollars with earnings per share of 3.39 dollars, sharply higher than 1.33 dollars per share forecast by most analysts.

The profit came on the back of revenues of 9.43 billion dollars in the first quarter, which ended on March 27.

2009-04-14: Jesse's Cafe Commentary:
Goldman Sachs Buries Losses to Beat the Estimates
The only thing getting blown away around here are the shareholders, taxpayers, and anyone else who buys what Wall Street in general is selling these days.
Goldman Sachs Releases Earnings After Hours

And Hanky-boy has been around here since Dec '07.

Tuesday, April 14, 2009

The Spin (Smith) Doctors, Part 2

Dr. Margaret Smith and Dr. Gary Smith
The Spin (Smith) Doctors, Part 1 had a little blog about this crazy couple, so I thought I'd link to it here. And recall that I gave them 'props' in October '07 (link above). Enjoy!
2009-04-14: Housing and Bad Assumptions

Sunday, April 5, 2009

Fannie/Freddie Bonuses

They have got to be kidding!!

"give workers the incentive to stay in their jobs"

Here is some incentive. Lose your job and you won't be able to find another one. And you save $210M in a bankrupt company.

WASHINGTON – Mortgage finance giants Fannie Mae and Freddie Mac plan to pay more than $210 million in bonuses through next year to give workers the incentive to stay in their jobs at the government-controlled companies.

The retention awards for more than 7,600 employees were disclosed in a letter from the
companies' regulator released Friday by Sen. Charles Grassley of Iowa, the senior Republican on the Senate Finance Committee. The companies paid out nearly $51 million last year, are scheduled to make $146 million in payments this year and $13 million in 2010.