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Originally Posted by dellinger63
I wish the author would have done some further legwork and cited actual trades Goldman was involved in shorting Fannie and or Freddie after June of 2008 when they were fed this info. It's a short window to cover as they left the 'investment' banking business in late Sept of that same year. That or document meetings between Paulson and Goldman traders Swenson and Birnbaum prior to the spring of 2007 when they crushed the market short-selling crap mortgages to the tune of $4 billion.
Found these Paulson statements odd to say the least....
The OWS crowd needs to wake up and instead of focusing on further taxing the 1%, focus on reducing the government's involvement in anything but governing. The idea of something being too big to fail is ludicrous and a set up for a ripoff.
Goldman got $10 billion in TARP money, paid it all back plus 20% interest in under a year. The CBO estimates total liabilities for Fannie/Freddie at $238 billion with the Federal Reserve in for $47 billion and the Treasury Department in for $85 billion. To keep it liquid. 
While what Paulson did regarding releasing info to Goldman is criminal, what he did with Fannie/Freddie is $238 billion dollars. |
Give me a ****ing break where is the author going to get this information? Also if I had the Info that Goldman gets and 10 Billion I'd Pay them 50% interest.