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jtuck004

(15,882 posts)
26. Goldman Sachs Reports Highest Profits in Five Years
Thu May 7, 2015, 10:19 AM
May 2015
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Goldman Sachs Group (GS) reported net revenues of $10.62 billion, the highest quarterly earnings in four years. Its net profits surged by 40% to $2.84 billion when compared with the first quarter of the previous year. Along with strong mergers and acquisitions activity in the first quarter, higher equity and related offerings across the globe backed this performanc...

http://marketrealist.com/2015/04/goldman-sachs-reports-highest-profits-five-years/

Bank$ter profits made on the lives of 7 million families thrown in the street in foreclosure, ten million families moved into poverty with children, most of whom will be there for the rest of their lives, joined by perhaps a hundred million more who work for half or less than they did before this financial crisis, many who will never work another job in their lives, all in a plan by this administration who thought it was more important to save the bank$ters that donated to their campaign than working voters and their families.

You can read about the plan in his book by Timothy "Killer" Geither (who may well have been responsible for more long-term suffering than the terrorists who took down the world trade center), or hear voters laugh at his face when he tries to spin it otherwise here: http://thedailyshow.cc.com/extended-interviews/z9b8f1/timothy-geithner-extended-interview

You can just look around and see the continuing devastation as we continue to try to pump up the assets of those with more wealth on the backs of many who have nothing. And we will see what this brings us.

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After bribing rating agencies to rate them AAA, House of Roberts May 2015 #1
Sad isn't it? The question is who in our govt is working to prevent this from happening again? think May 2015 #2
O'Malley enacted some of the nation’s most comprehensive reforms to protect homeowners from FSogol May 2015 #3
TY for the input. Was not aware of O'Malley's positions on this. think May 2015 #5
Nice article. Enthusiast May 2015 #25
+5. This is good to know about O'Malley. Thanks- appalachiablue May 2015 #35
Every American needs to read... Whiskeytide May 2015 #4
Thanks. Sounds like one I need to read. America really got sucker punched by these guys... /nt think May 2015 #7
I highly recommend it, but... Whiskeytide May 2015 #8
I had a feeling it may raise my blood pressure think May 2015 #10
The Big Short is a great read el_bryanto May 2015 #11
You're right - Lewis focused... Whiskeytide May 2015 #12
I have read none of these; but, will pick up ... 1StrongBlackMan May 2015 #30
I think you are right el_bryanto May 2015 #32
So that is the starting point ... 1StrongBlackMan May 2015 #34
IMO Prison is one of the few things a CEO might fear. One_Life_To_Give May 2015 #38
No, they fear being POOR far more ... 1StrongBlackMan May 2015 #39
Any of Matt Taibbi's books are excellent dixiegrrrrl May 2015 #51
I've read a lot of Matt's works ... 1StrongBlackMan May 2015 #54
I just reread "The Big Short" again last week. longship May 2015 #13
I second that. Very readable, not at all difficult to get thru. dixiegrrrrl May 2015 #29
I haven't read The Flash Boys... Whiskeytide May 2015 #31
I read the Flash Boys and then re-read it. dixiegrrrrl May 2015 #41
And I seem to remember one of our potental Democratic POTUS nominees... 99Forever May 2015 #6
Unfortunately you are correct /nt think May 2015 #9
HRC's undersecretary for economic growth was a former Goldman Sachs vice chair antigop May 2015 #18
Good thing you can't remember, otherwise you'd be gang-tackled erronis May 2015 #28
Here is some fun...look up how many Goldman Sachs folks are/have been in current admin. dixiegrrrrl May 2015 #43
True, but in the days of FDR and Truman, hifiguy May 2015 #46
Interesting! ibewlu606 May 2015 #14
Don't worry our Crack Justice Department will see the Evil-doers are dealt with One_Life_To_Give May 2015 #15
They should have been punished Omaha Steve May 2015 #16
About thirty years of making big rocks hifiguy May 2015 #45
Fill the prisons with the 99% so there's no room for these crooks. mountain grammy May 2015 #17
But... but...but...! gregcrawford May 2015 #19
Recommended and bookmarked for the whole thread. Duppers May 2015 #20
That our government officials have allowed fraud to go unchecked Madmiddle May 2015 #21
Politicians should be embarrassed to be associated with these banks. Enthusiast May 2015 #22
Yeah, that's it, the banks were just trying to recify redlining because they care and appalachiablue May 2015 #36
I just encountered a guy on Facebook that made that exact claim. Enthusiast May 2015 #49
My blood pressure went up, even more! Yes this really stuck, the financial Media, esp. appalachiablue May 2015 #50
Excellent OP & thread contributions. All of you who have recommendations of reading ought to post mother earth May 2015 #23
Through credit default swaps they made money selling failure. Spitfire of ATJ May 2015 #24
Goldman Sachs Reports Highest Profits in Five Years jtuck004 May 2015 #26
K&R! This post should have hundreds of recommendations! Enthusiast May 2015 #27
They also hedged their bets by throwing their own customers under the bus AgingAmerican May 2015 #33
Excellent post and replies, thank you. Keep this KICKED! appalachiablue May 2015 #37
Which is why thls little buddy-buddy pic hifiguy May 2015 #40
Nice ...and note the Clinton Foundation plak in the background. L0oniX May 2015 #52
A picture is worth about 10,000 words in this case. nt hifiguy May 2015 #53
Well they were nice enough to give Hillary $250,000 just to talk to them. L0oniX May 2015 #42
Financial ignorance at its finest econoclast May 2015 #44
Perhaps you'd like to explain it to the people in the thread who have read it. think May 2015 #47
It took Lewis an entire book econoclast May 2015 #48
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