Competition? Yeah right.

[byu71]

BAH! There are many great entrepreneurs out of Europe.



A+! (this is only for IJR)

Fine, without referring to me as ignorant, do you think the percentage is as great in Europe as it is in the U.S.

[wuapinmon]

Fine, without referring to me as ignorant, do you think the percentage is as great in Europe as it is in the U.S.

I haven't properly researched it, but given population densities, I would guess that "yes."

[Colly Wolly]

Goldman Sachs would have gone the way of Bear Sterms had the government not bailed out AIG.

Please do me the honor of substantiating this claim.

[il Padrino Ute]

Please do me the honor of substantiating this claim.

Don't bother, Colly.

Like me, you are not worthy of a response from SU. But we stupid people can stick together.

[SeattleUte]

Please do me the honor of substantiating this claim.

Goldman Sachs did effectively go out of business. It's no longer an investment bank but a chartered commercial bank which it had to do to accept billions in bailout money.

You don't undersand any of this. Stay out if it.

[il Padrino Ute]

You don't undersand any of this. Stay out if it.

Sorry, SU. I beat you to it.

[Colly Wolly]

Don't bother, Colly.

Like me, you are not worthy of a response from SU. But we stupid people can stick together.

I'm going to give him a chance. This should be interesting.

[byu71]

Goldman Sachs did effectively go out of business. It's no longer an investment bank but a chartered commercial bank which it had to do to accept billions in bailout money.

You don't undersand any of this. Stay out if it.

LOL, it isn't an investment bank??? Stick to your area of expertise, Mark Peterson.

[Colly Wolly]

Goldman Sachs did effectively go out of business. It's no longer an investment bank but a chartered commercial bank which it had to do to accept billions in bailout money.

You don't undersand any of this. Stay out if it.

Not much substance here, but I'll forgive you as you are glib (as usual).

Do you understand what a hedge is?

[Color Me Badd Fan]

Goldman Sachs did effectively go out of business. It's no longer an investment bank but a chartered commercial bank which it had to do to accept billions in bailout money.

You don't undersand any of this. Stay out if it.

There is an article from Michael Lewis that is in either this month's Vanity Fair or last month's Vanity Fair that provides a very effective and concise analysis of what exactly happened at AIG and why AIG's failure threatened to also shut down the investment banks. The bailout of AIG effectively funneled money into the hands of Goldman Sachs. But Lewis also mentions in the article that Goldman also started betting against AIG (how, I don't know, maybe they shorted AIG's credit default swaps?).

[SeattleUte]

There is an article from Michael Lewis that is in either this month's Vanity Fair or last month's Vanity Fair that provides a very effective and concise analysis of what exactly happened at AIG and why AIG's failure threatened to also shut down the investment banks. The bailout of AIG effectively funneled money into the hands of Goldman Sachs. But Lewis also mentions in the article that Goldman also started betting against AIG (how, I don't know, maybe they shorted AIG's credit default swaps?).

Of course.

[Colly Wolly]

There is an article from Michael Lewis that is in either this month's Vanity Fair or last month's Vanity Fair that provides a very effective and concise analysis of what exactly happened at AIG and why AIG's failure threatened to also shut down the investment banks. The bailout of AIG effectively funneled money into the hands of Goldman Sachs. But Lewis also mentions in the article that Goldman also started betting against AIG (how, I don't know, maybe they shorted AIG's credit default swaps?).

Credit default swap.

[SeattleUte]

Not much substance here, but I'll forgive you as you are glib (as usual).

Do you understand what a hedge is?

Are you trying to impress me, Mr. Goldman Sachs hero worshipper? Don't mess with me, this is my field.

[Colly Wolly]

Are you trying to impress me, Mr. Goldman Sachs hero worshipper? Don't mess with me, this is my field.

LOL. Do your worst.

[SeattleUte]

LOL, it isn't an investment bank??? Stick to your area of expertise, Mark Peterson.

No, Goldman Sachs is not any investment bank any more. You're even an idiot about finance!!!