tag:blogger.com,1999:blog-4748314449835758607.post6383460758713605043..comments2023-10-30T08:55:00.064-04:00Comments on Kodiak Pyramid: Loot, Baby, LootDK Smithhttp://www.blogger.com/profile/15803726073588442881noreply@blogger.comBlogger3125tag:blogger.com,1999:blog-4748314449835758607.post-78445251379504433742008-11-14T17:02:00.000-05:002008-11-14T17:02:00.000-05:00I've heard the Goldman conspiracy raised by severa...I've heard the Goldman conspiracy raised by several people who "are in the know." To paraphrase JFK the movie..."Sure a lotta smoke there, boss." "Yeah, but where there is that much smoke, there usually is a fire." say it with a Costner-esque southern drawl, and you'll come off much better. When someone challenges you with an alternate story, say, "Sheeit, that dog don't hunt." Seriously, I gotta think the ties to Goldman are what doomed Lehman.Yo Gabba Gabbahttps://www.blogger.com/profile/00058351202348039913noreply@blogger.comtag:blogger.com,1999:blog-4748314449835758607.post-49087742389359271042008-11-13T10:35:00.000-05:002008-11-13T10:35:00.000-05:00The difference between AIG and Lehman Bros is that...The difference between AIG and Lehman Bros is that Goldman was $2O billion dollars exposed to AIG and Lehman was a competitor. I don't normally buy into conspiracy theories - I think we actually did land a man on the moon, I think Oswald shot JFK, etc - but when the conspiracy is as brash as this one is, and it slaps you in the face after taking your pearl of great price, I think it passes from the realm of theory into the realm of fact.<BR/><BR/>Paulson bailed out his buddies, full stop. GammaBoy is 100% on target with his loathing of this bailout, I am just glad it was the Bush Administration that engineered it and not a Dem. If there was any doubt before, I think the long term ramifications of TARP, et al will cement Bush's place in the pantheon of bad leaders. Probably north of Hitler but south of Nero.<BR/><BR/>Perverse.Restless Nativehttps://www.blogger.com/profile/02706411308856326216noreply@blogger.comtag:blogger.com,1999:blog-4748314449835758607.post-84736437516107681992008-11-13T07:20:00.000-05:002008-11-13T07:20:00.000-05:00Nice that we have another Karl Rove political hack...Nice that we have another Karl Rove political hack in this position.<BR/><BR/>It's my understanding that, in Treasury's mind, the difference between AIG and Lehman was that they considered AIG to be sufficiently "systemic" in nature to bail-out (mainly due to massive CDS exposure), while Lehman did not pass that test. While they weren't transparent about it at all, they have stated that as a guiding philosophy. That's why I ask, are car companies "systemic" in nature? <BR/><BR/>I am going to convert myself into a bank holding company and get in line. I only need $30-40 mil. I'll make do with only a fractional jet ownership.DK Smithhttps://www.blogger.com/profile/15803726073588442881noreply@blogger.com