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Merry Christmas you sub-prime suckers.

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Home » Discuss » Archives » General Discussion (1/22-2007 thru 12/14/2010) Donate to DU
 
Neshanic Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Dec-24-07 01:44 AM
Original message
Merry Christmas you sub-prime suckers.
Dec. 24 (Bloomberg) -- Goldman Sachs Group Inc. Chief Executive Officer Lloyd Blankfein claimed a $67.9 million bonus, the biggest ever awarded to the CEO of a Wall Street firm, after delivering a record profit amid the subprime market collapse.

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crim son Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Dec-24-07 01:53 AM
Response to Original message
1. Jeebus, I'd be pissed.
We bought our house at a good price, with a great, fixed interest rate and 40% down. We can no longer afford to pay the heat and taxes and it WAS NOT foreseeable. I have the utmost compassion & empathy for those "suckers." I know you do too.
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mdmc Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Dec-24-07 02:05 AM
Response to Original message
2. I must admit that I am impressed with Goldman Sachs
In order to profit during this collapse, they must have stayed completely out of the real estate bubble. That must have taken some real fucking discipline. Free money everywhere and they kept their noses clean.

Impressive for often shortsighted investors.
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RB TexLa Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Dec-24-07 10:25 AM
Response to Reply #2
8. Jamie Dimon got JPM out of it in time as well.
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book_worm Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Dec-24-07 02:11 AM
Response to Original message
3. that is just plain immoral, imo.
Edited on Mon Dec-24-07 02:16 AM by book_worm
No one person is worth a nearly $68 million bonus. If he had any class (as I'm sure he must get a very good yearly salary anyway) he would donate that money to some worthy cause to help many people rather than profiting only himself and his family. (and I don't care if his company is a top contributor to democrats).
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Joe Fields Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Dec-24-07 02:14 AM
Response to Original message
4. Interesting that you should say that, because....
Edited on Mon Dec-24-07 02:15 AM by Joe Fields
According to the Center for Responsive Politics, Goldman Sachs is among the top seven contributors to Nancy Pelosi, Steny Hoyer, Harry Reid, Dick Durbin, Pat Leahy, Hillary Clinton, Barack Obama and John Edwards.

And for many of those named, Goldman Sachs is either number one, or in the top five largest contributors.

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Xenotime Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Dec-24-07 07:15 AM
Response to Original message
5. Isn't there any way to stop these people from hording all this money?
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Javaman Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Dec-24-07 10:22 AM
Response to Original message
6. And just why is this surprising?
come on, we live in the era of the reverse peter principle.
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lonestarnot Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Dec-24-07 10:24 AM
Response to Reply #6
7. Who said anything about surprising?
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zippy890 Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Dec-24-07 10:29 AM
Response to Original message
9. O bountiful excessive profits

thy name is Capitalism

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