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Pastimes : Clown-Free Zone... sorry, no clowns allowed -- Ignore unavailable to you. Want to Upgrade?

To: Terry Maloney who wrote (391934)	8/6/2009 10:37:50 AM
From: MythMan	Read Replies (1) \| Respond to of 436258

>>The idea that nothing has changed for Goldman Sachs strikes many outsiders as absurd. In this era of mega-bailouts, Goldman is widely perceived, on Wall Street and in Washington, as too big and important to fail. If its bets pay off, Goldman profits and its employees get rich. If its bets go bad, ultimately taxpayers will have to pick up the bill. “Many observers on the market believe that Goldman and others of its size now have a free insurance policy,” said Elizabeth Warren, the chairwoman of the Congressional oversight panel for the $700 billion bailout fund. “Whether they do or not is less important than the fact that many in the market believe they do. That means at some level Goldman is playing with the American taxpayers’ future.”<< nytimes.com