Goldman Sachs

What if 2 men phone to each other?
They talk. About business, their families or other stuff.
What if men phone 24 times to each other between September 16 and 21st.
Ther’s an urgency somewhere.
That’s exactly what former Treasury Secretary Paulson did with Blankfein.
Paulson spent 32 years at Goldman and preceded Blankfein as CEO befor becoming Treasury Secretary in 2006.
Whatever they had to discuss, it was better something important.
Lehman of course. And AIG. LEHM was allowed to fail. AIG was following it. Then GS told them that they would fail too. So they bailed AIG to ‘save the system’.

Ok, enough said.
We agree with Paul Kedrosky of Infectious Greed:

Fair enough, I suppose. But I’m soon going to need a program to keep track of who is scoring points off whom in all of this. Can’t we all just agree that Goldman has way too much influence for a firm happy to trade around that influence and leave it at that? No?

Yes.

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Teh Emerald Isle

We do not understand.
While legislation is putting forward in Ireland to mop up the mess in the commercial property loan department, we learn that bas assets will be bought up to 90 bln euro worth of property loans. In Ireland? That is huge. Well, an estimated 25 bln EUR is lent by Irish bank on commercial property projects in south-east England.
Wrong sector. Wrong island.

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