Thursday, January 21, 2010
Obama hammers Goldman
Everyone knows it but Goldman, who Cramer says, "Got it right."
Well, they're getting it right back today. Let's see if they can take a punch. And let's see how much they can take.
The public knows this, but like OJ, who went golfing while collecting pension, Goldman acted like they were innocent of any crime.
What bailout? We didn't need it? We weren't scared when our stock was $47. We knew the value of our franchise. We don't front run our clients. We don't short what we sell. We're just a principal on the trade. It's our prowess. It's our risk management models.
All kinds of horsesh*t and all kind of lies.
And then, today Goldman reached their hand into the bonus jar. It was like OJ going to Vegas to pick up his memorabilia!
So today, Obama put the hammer on Goldman.
And Wall Street is scared out of its wits.
You don't think so? Did you see his speech? Obama was against every way that Goldman milked the system!
"Direct conflicts" "sponsor hedge funds" "prop desks" "private equity" "while being banked by the American people" "army of industry lobbyists" "You want a fight, it's a fight I'm ready to have!" "soaring profits" "obscene bonuses."
Obama just gave back hope to the people!
And did any of you see Timothy Geithner's pasty white, scared face at Obama's press conference? Today, he should of put on some of his orange tan cream. He was freaking out.
Obama knows the political winds that are blowing, and he put Goldman in his sights. And it will hurt the market, but the power needs to be shifted from Wall Street to Main Street. Because Obama isn't going to be the bank's patsy. That job was Geithner's, and now he's next to go.
Anybody that owns Goldman Sachs should be gone. They shouldn't own a share.
Take your Goldman money off the table and take it instead to Vegas, where at least you'll have a play.
The public wants Goldman's hide, and they'll get it from Bo.
With a hammer!
Posted by Palmoni at 12:47 PM