(Untitled)

[gunslnger]

Goldman reveals where bailout cash went

Goldman Sachs sent $4.3 billion in federal tax money to 32 entities, including many overseas banks, hedge funds and pensions, according to information made public Friday night.

Goldman Sachs disclosed the list of companies to the Senate Finance Committee after a threat of subpoena from Sen. Chuck Grassley, R-

Comments

[enders_shadow]

Well, this is infinitely better than your last post.

[chemchick]

I agree with you.

[existentme]

This makes me sick to my stomach, but yes, sure, leaving aside my feeling that the money should never have been paid, it is someone else's money, not Goldman Sachs's, ergo, that someone else gets to know.

Also, fuck you, GS.

Frankly, I'm amazed they didn't just elect to use some of the money on legal fees to fight Grassley's threatened subpoena. It would have been much more in keeping with their earned arrogance.

[chemchick]

Lol I think gunslnger is fairly on-point with his commentary. I doubt anyone would tell him to go fuck himself with regards to this issue. But I have seen stranger things so I guess I could see how you went there...

[the_rukh]

Aw, I wish I had my previous response back.

Is this banking 101 or what?

It looks like the only thing people are saying is that there should be more transparency. Sure, that's true. It also looks like the article is trying to make all sorts of implications like these transactions were actually wrong and not a single person has said that. The article is trying to mislead.

It was known for a long time that the large banks like G_S owed money overseas and money would be going to pay off those loans, that was a given.

And yes, I know omgz Bush, but there doesn't seem to be any wrongdoing here. That lack of transparency was the way it was, and it's being changed only now.

[reality_hammer]

IMO any organization that accepts taxpayer funds should provide detailed accounting for where it goes.