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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum

GLD 393.24

+1.1%

Dec 11 4:00 PM EST

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To: Cogito Ergo Sum who wrote (59911)	1/13/2010 4:18:11 PM
From: carranza2	Read Replies (2) of 218461

I heard a part of it, but it is my opinion as a cross-examiner of more than 30 years experience, that he was given softballs he could swat out of the park, e.g., on the stock compensation issue, not a word about the tax status of these deferred payments; not a bit of follow-up on the question of who [unidentified] at GS received word [when is unknown] that someone [unidentified] on the government side of the AIG deal wanted GS to take less than full value or the reasons why he believes this approach - which is only commonsensical - was not pursued. He even denied knowing about it at the time, which is utterly incredible since even a 10% reduction would mean billions less to GS. He lied like a rug on the AIG business. Blankfein was a fat hen waiting to be slaughtered but instead was treated with kid gloves, IMO. Even Warren demurred. Bah. The banks rule Congress; today's game is proof of it. Most diappointing was Warren, who seemed in awe of Blankfein.

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