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Seattle Bubble Forum Archive • View topic - Goldman and Morgan Stanley want to give the money back?

Goldman and Morgan Stanley want to give the money back?

How will housing affect the US and world economy? How will the economy affect housing?

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Goldman and Morgan Stanley want to give the money back?

Postby Charles Dean » Wed Feb 11, 2009 8:44 am

Just read this:

http://www.nytimes.com/2009/02/11/busin ... xprod=digg

Guess now that they're going to have to follow some rules, lower their salaries and tell us what they're spending our money on, they're not so keen on taking our money. Guess they didn't really need the money that bad?
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Re: Goldman and Morgan Stanley want to give the money back?

Postby perfectfire » Wed Feb 11, 2009 11:05 am

Why is this news? Wasn't our investment in them supposed to be wildly profitable anyway? This seems to say, "While we were claiming the taxpayer would get their money back and them some, we actually were hoping to just keep it all, but now...".
Remember, if you rent it's not a home, it's a hovel.
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Re: Goldman and Morgan Stanley want to give the money back?

Postby The Tim » Wed Feb 11, 2009 11:11 am

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Re: Goldman and Morgan Stanley want to give the money back?

Postby Charles Dean » Wed Feb 11, 2009 11:54 am

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Re: Goldman and Morgan Stanley want to give the money back?

Postby SeattleMoose » Wed Feb 11, 2009 12:58 pm

When King Henry was trying to ram TARP down the throat of America it was a dire emergency, just sign it now, or we'll all be dead tomorrow.

If you remember:
1) He wanted no oversight on how the money got spent
2) He wanted to be free from all legal action down the road
3) In essence, he wanted complete control of the money with no absolutely zero accountability. And that is what he got for the first half of the $700B.

If it is not obvious that our financial system is rotten to the core then there is no hope for this country.

Unless something drastically changes, what we are going to get is more bailouts of the caviar and south of France crowd and "overhaul" of the banking/financial system by the very same crooks who are themselves are the root of the problem.

Let's all sing the national anthem.....Oh beautiful for spacious minds and ever-lasting greed......
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Re: Goldman and Morgan Stanley want to give the money back?

Postby perfectfire » Wed Feb 11, 2009 2:08 pm

Remember, if you rent it's not a home, it's a hovel.
perfectfire
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Re: Goldman and Morgan Stanley want to give the money back?

Postby Charles Dean » Wed Feb 11, 2009 2:33 pm

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