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Strategies & Market Trends : Rande Is . . . HOME -- Ignore unavailable to you. Want to Upgrade?

To: Rande Is who wrote (57538)	3/21/2009 5:40:52 PM
From: joseffy	Respond to of 57584

Anger and Panic At Goldman Sachs Over 90% Tax John Carney\|Mar. 21, 2009 businessinsider.com Goldman Sachs was solidly behind Barack Obama. Indeed, Goldman Sachs has long had the reputation as the investment banks with the most Democratic supporters on Wall Street. But the vote earlier this week to impose a 90 percent tax on bonuses at TARP supported banks has many at Goldman feeling betrayed, fearful and angry. On Thursday and Friday, the trading floor at Goldman echoed with brokers and traders cursing the lawmakers who passed the bill and seeking reassurance from their fellow employees that their bonuses wouldn’t be clawed-back. At least one Goldman trader called his lawyer to see what legal protections might be available snip Word spread quickly that because the bonus tax only applies to TARP recipients, foreign banks wouldn’t be covered. At least a few people at Goldman Sachs have already called recruiters. And recruiters have stepped up efforts to poach Goldman employees offering jobs safe from the TARP bonus tax. ______________________________________________________________ opensecrets.org Goldman Sachs: Recipients Select Cycle: 2008 Money to Congress: 2008 Cycle Dems: Dems: $2,497,544 Repubs: Repubs: $769,971 Others: Independents: $0 $0 Incumbents: Total to Members: $2,929,221 Non-Incumbents: Total to All Candidates: $338,294 House # of Members Average Contribution Total Contributions Democrats 102 $4,590 $468,200 Republicans 66 $3,800 $250,851 Independents 0 $0 $0 TOTAL 168 $4,280 $719,051 The US House of Representatives has 435 members. Senate # of Members Average Contribution Total Contributions Democrats 23 $75,311 $1,732,175 Republicans 25 $19,119 $477,995 Independents 0 $0 $0 TOTAL 48 $46,045 $2,210,170 The US Senate has 100 members. Top Recipients Senate Obama, Barack $983,245 Senate Clinton, Hillary $410,350 Presidential Romney, Mitt $234,275 Senate McCain, John $230,095 House Himes, Jim $150,498 Senate Dodd, Chris $110,000 Presidential Giuliani, Rudolph W $109,450 Presidential Edwards, John $68,750 Senate Specter, Arlen $47,600 House Emanuel, Rahm $37,750 Senate Sununu, John E $31,400 Senate Reed, Jack $30,100 House Skelly, Michael Peter $26,171 Senate Baucus, Max $26,000 Senate Harkin, Tom $24,580 Senate Lautenberg, Frank R $24,100 Senate Collins, Susan M $21,900 Senate Warner, Mark $21,800 Senate Landrieu, Mary L $20,700 House Gillibrand, Kirsten E $20,500 See all recipients opensecrets.org Chambliss, Saxby (R-GA) Senate $20,100 Durbin, Dick (D-IL) Senate $19,500 Coleman, Norm (R-MN) Senate $19,200 Rangel, Charles B (D-NY) House $18,100 McConnell, Mitch (R-KY) Senate $17,500 Hoyer, Steny H (D-MD) House $17,300 Kanjorski, Paul E (D-PA) House $16,100 Kirk, Mark (R-IL) House $15,700 Maloney, Carolyn B (D-NY) House $14,600 Cote, Adam (D-ME) House $14,000 Biden, Joseph R Jr (D-DE) Senate $13,800 Shays, Christopher (R-CT) House $13,800 Rockefeller, Jay (D-WV) Senate $13,400 Cornyn, John (R-TX) Senate $13,100 Pryor, Mark (D-AR) Senate $12,600 Boehner, John (R-OH) House $12,000 Roberts, Pat (R-KS) Senate $11,500 Pelosi, Nancy (D-CA) House $11,000 Udall, Tom (D-NM) House $10,850 Blunt, Roy (R-MO) House $10,500 Dole, Elizabeth (R-NC) Senate $10,500 Udall, Mark (D-CO) House $10,200 Walberg, Tim (R-MI) House $10,100 Bachus, Spencer (R-AL) House $10,000 Clyburn, James E (D-SC) House $10,000 Dingell, John D (D-MI) House $10,000 Frank, Barney (D-MA) House $10,000 Johnson, Tim (D-SD) Senate $10,000 Menendez, Robert (D-NJ) Senate $10,000 Castle, Michael N (R-DE) House $9,600 Capito, Shelley Moore (R-WV) House $9,500 Allen, Tom (D-ME) House $9,400 Smith, Gordon H (R-OR) Senate $9,400 Crapo, Mike (R-ID) Senate $9,200 Kuhl, John R Jr (R-NY) House $9,000 Enzi, Mike (R-WY) Senate $8,600 Richardson, Bill (D) Pres $8,600 Crowley, Joseph (D-NY) House $8,500 Cantor, Eric (R-VA) House $8,000 Murphy, Chris (D-CT) House $7,700 Schwartz, Allyson (D-PA) House $7,600 Maffei, Dan (D-NY) House $7,500 McCrery, Jim (R-LA) House $7,500 Fitz-Gerald, Joan (D-CO) House $7,400 Murphy, Patrick J (D-PA) House $7,100 McCaul, Michael (R-TX) House $6,900 Becerra, Xavier (D-CA) House $6,600 Biggert, Judy (R-IL) House $6,600 Roskam, Peter (R-IL) House $6,600 Sullivan, Sean Patrick (R-CT) House $6,600 Miller, George (D-CA) House $6,500 Neal, Jim (D-NC) Senate $6,100 Cazayoux, Donald J (D-LA) House $6,000 Foster, Bill (D-IL) House $6,000 Johanns, Michael O (R-NE) Senate $6,000 Lowey, Nita M (D-NY) House $6,000 Reid, Harry (D-NV) Senate $6,000 Lalor, Kieran Michael (R-NY) House $5,650 Salazar, Alfredo (3-PR) $5,600 Treadwell, Sandy (R-NY) House $5,600 Etheridge, Bob (D-NC) House $5,500 Levin, Carl (D-MI) Senate $5,500 Nadler, Jerrold (D-NY) House $5,500 Neugebauer, Randy (R-TX) House $5,500 Wexler, Robert (D-FL) House $5,500 Shafroth, William G (D-CO) House $5,300 Martin, James Francis (D-GA) Senate $5,100 Minnick, Walter Clifford (D-ID) House $5,100 Andrews, Robert E (D-NJ) House $5,000 Arcuri, Michael (D-NY) House $5,000 Camp, Dave (R-MI) House $5,000 DeLauro, Rosa L (D-CT) House $5,000 Hall, John (D-NY) House $5,000 Kerry, John (D-MA) Senate $5,000 McMahon, Michael E (D-NY) House $5,000 Moore, Dennis (D-KS) House $5,000 Peterson, Collin C (D-MN) House $5,000 Putnam, Adam H (R-FL) House $5,000 Reynolds, Tom (R-NY) House $5,000 Scott, David (D-GA) House $5,000

To: Rande Is who wrote (57538)	4/2/2009 10:45:05 AM
From: Rande Is	Read Replies (1) \| Respond to of 57584

. . . Are we beginning to find our footing? . . . The past few rallies have been broadening out much better. Buying the gloom is usually paying off with an immediate bounce. Been bouncing with the banks. Some preferred issues have been smoking as share price rises sharply, PLUS dividend payouts are still in the 20% annual range. Hard to miss with that sort of double whammy. I have probably made more trades in the past two weeks than I have in the past half dozen years. Even GM bounced pretty good there for while (and a bit today as well), until I saw all that volume come in on Friday and had to bail completely. . . just ahead of implosion, too. President Obama and the gang asking CEO to step down was an amazing event. They apparently want to allow GM to fail, so they can step in (legally) and reorganize into a few lighter companies. Prophetic that the GM headquaters has the separate towers. I think further assistance will be made available with the contingency of proof of progress toward truly alternative vehicles. The days of massive gas hogs could finally be behind us. That said, I am very much liking what I am seeing in Washington these days. . . especially with the efforts toward regulating banks. . .or at least the credit default swaps / derivatives back room craps game where $30 trillion is gambled among leading banks. . . as reported by DTCC (Depository Trust and Clearing Casino). Politically, I am even in agreement with efforts to increase resources and box in the remote mountains of Afghanistan and Pakistan. . . I believe the 360 degree squeeze can work. . . if Pakistan will allow it. Gee, I guess we all need to have a few more kids, so the next generation doesn't have to work as hard to pay these trillion$ back. SIDEBAR: We were all astounded when the Bush administration began talking about hundreds of billions of dollars. But the Obama administration is talking tens of trillions of dollars. And that is mind blowing. Trying to imagine a million of anything is hard enough. But a trillion is a million millions. . . and that is an obscene number of anything. One would think that it would be difficult, if not impossible to spend a trillion dollars. . . but somehow Washington sees it as ordinary. Then. . . when you consider the amount of money it would take to feed starving Americans for the rest of their lives AND provide them with basic health care. . . the amount is but a fraction of a trillion dollars. . . which begs the question, what are we really trying to accomplish in America? America started out by doing good. . . but quickly figured out it could do very well instead. . . (to borrow a phrase from my brother). Now we only drive in the fast lane. . . and never look back. So how does a presidential administration begin to change the core values of a country so run amok with greed? I'm all ears. (uh, figuratively speaking) Rande Is