Comments on: What Do You Think About Goldman’s Bonuses? http://acrimoney.com/2009/12/goldmans-bonuses/ The Wild Wild World of Wealth Tue, 26 Apr 2011 12:12:53 +0000 hourly 1 http://wordpress.org/?v=3.2.1 By: Norb Vonneguthttp://acrimoney.com/2009/12/goldmans-bonuses/comment-page-1/#comment-25431 Norb Vonnegut Fri, 04 Dec 2009 03:07:53 +0000 http://acrimoney.com/?p=2589#comment-25431 Dave,Thanks for your comment. There was nothing scarier last year than the "3:30 Derby" which ran every day during Sept and Oct. The market had huge swings + or - 400 points in the last half hour. In all honesty I don't blame Goldman or any of the other usual suspects for those swings. In many cases the Exchange Traded Funds, which have huge assets under management, were forced to rebalance. It created a snowball effect up or down...and boom....I am extremely curious about the credit default swaps between Goldman and AIG, and my sense is that the cancellations by the government resulted in Goldman's windfall. I hope we gain more visibility into this story in the weeks to come.NorbNorb Dave,

Thanks for your comment. There was nothing scarier last year than the “3:30 Derby” which ran every day during Sept and Oct. The market had huge swings + or – 400 points in the last half hour. In all honesty I don’t blame Goldman or any of the other usual suspects for those swings. In many cases the Exchange Traded Funds, which have huge assets under management, were forced to rebalance. It created a snowball effect up or down…and boom….

I am extremely curious about the credit default swaps between Goldman and AIG, and my sense is that the cancellations by the government resulted in Goldman’s windfall. I hope we gain more visibility into this story in the weeks to come.

Norb

Norb

]]> By: davehttp://acrimoney.com/2009/12/goldmans-bonuses/comment-page-1/#comment-25430 dave Thu, 03 Dec 2009 23:38:38 +0000 http://acrimoney.com/?p=2589#comment-25430 The bonuses will not matter. The market is manipulated by GS and others. It is obvious that our stock market is controlled by GS and others at 9:31a.m. when the DOW has dropped 100 points. Then at 3:15 it goes up or down "taking profits" with some BS line that the markets were in "fear" bla, bla, bla. We are learning slowly. It is sickening to place one's hard earned money in the market, diversified, with help from investment companies (so we are lead to believe) and then one's life is ruined by people like GS and their greed. What's worse is that now the US government is advised and controlled by GS and only a few newscasters dare to tell the public. Greed by the billions only breeds greed at all levels of life. The bonuses will not matter. The market is manipulated by GS and others. It is obvious that our stock market is controlled by GS and others at 9:31a.m. when the DOW has dropped 100 points. Then at 3:15 it goes up or down “taking profits” with some BS line that the markets were in “fear” bla, bla, bla. We are learning slowly. It is sickening to place one’s hard earned money in the market, diversified, with help from investment companies (so we are lead to believe) and then one’s life is ruined by people like GS and their greed. What’s worse is that now the US government is advised and controlled by GS and only a few newscasters dare to tell the public. Greed by the billions only breeds greed at all levels of life.

]]> By: Norb Vonneguthttp://acrimoney.com/2009/12/goldmans-bonuses/comment-page-1/#comment-25429 Norb Vonnegut Thu, 03 Dec 2009 20:39:29 +0000 http://acrimoney.com/?p=2589#comment-25429 Here's a link to Goldman's position on the debate: http://www2.goldmansachs.com/our-firm/press/viewpoint/viewpoint-articles/comp-practices-doc.pdf. Here’s a link to Goldman’s position on the debate: http://www2.goldmansachs.com/our-firm/press/viewpoint/viewpoint-articles/comp-practices-doc.pdf.

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