Manage your account
Make YouPolls.com your home page
Society & Religion
Food & Drink
Goldman Sachs' Black Magic, Here's How They Did It
Made popular 2234 days ago in
How did Goldman, Sachs & Co. - saved a year ago by the US taxpayer - magically make $3 billion in 3 months a year later?
This as the US dollar collapses, unemployment soars and foreclosures hit a record?
Here is the Goldman, Sachs & Co. revenue break down for the past 3 months:
Financial Advisory-M/A: 325 million.
Equity Underwriting: 363 million.
Debt Underwriting: 211 million.
Trading-Principal Investments: 10 billion.
Notice that 10 billion is much bigger than two or three hundred million made from the traditional Wall Street businesses.
That $10 billion is evidence of their magic trick. For we the taxpayer gave Goldman Sachs the following:
10 Billion in TARP
11 Billion from the Fed
30 Billion from the FDIC
13 Billion from AIG
For a grand total of $70 Billion (Goldman along with every other bank and AIG would have been defunct without this money).
Goldman at the apex of the crisis is delivered this money - which they then use to borrow against at $20 or $30 for every $1. Which at 30x equals $2.1 trillion in available capital.
Report This Post
Add To Favorites
Is Goldman Sachs' Amazing 3rd quarter profit of 3.4 Billion legalized theft?
This is not a scientific survey,
to learn more. Results may not total 100% due to rounding and voting descrepencies.
2232 days ago
Yes - Obama gave them the money hype the system, no better way to make himself look good.
You will have 2 minutes to edit your comment.
Add your comments
Vote for President: Trump vs Any Democrat
Made popular 2 days ago
Whom do you want as President? Trump or Any other Democrat
Who Won the Democratic Debate?
Made popular 45 days ago
Who Wonthe Democratic Debate?
A Democrat against labor? Yes, NLRB-Boeing fight hurts N.C.
Made popular 50 days ago
Is Obama hurting his party?
Made popular 58 days ago
what is responsible for thedecay in Nigeria health care system
Made popular 92 days ago
Code of Conduct
Copyright © 2007-2015 YouPolls, all rights reserved. Designed by
, Powered by