And Mr. One Percent (without a doubt he is) would consider other government constitutions as a potential answer for the USA? Since when?
Mr. One Percent is insensitive to the real issues and all his answers to date are to recover his lost Wall Street earnings that make up the most of his income. It is noted that while Goldman Sachs had a better than expected outcome for the quarter they are still disappointing investors. I heard complaints about how the earnings across the board aren't the way they used to be. Well. No. I guess not.
Let's get this right, Wall Street is not happy. Regardless of their earings, they aren't happy. They are still seeking to 'best' the $14,000 Dow under Former Secretary Paulson. Spending a few million on candidates is nothing compared to what the 'good ole days' were like.
...With the cost-cutting, (click here) Goldman managed to partially offset a 26 per cent slump in fourth-quarter net revenue and surprise analysts with net income of $1.1bn. That equates to earnings of $1.84 a share, outstripping consensus expectations of $1.23 a share.
The bank’s ratio of total pay to revenue for 2011 was 42.4 per cent – up from 39.3 per cent in 2010, and likely to fuel some arguments that Wall Street still needs to drastically slim down. Shareholders have to contend with a 3.7 per cent return on equity for the full year, though Goldman shares jumped more than 6 per cent to $103.93 in afternoon trading in New York on Wednesday....
A paltry 42.4 percent. My, my.
January 31, 2007 Goldman's stocks sold for $212.16 per share.
In 2007, the New York Stock Exchange hit $14,000. July of 2007 when the banks in the USA were beginning to fail.
Ruthie Ackerman
07.19.07, 6:15 PM ET
...The Dow Jones (click here) industrial average closed above 14,000 for the first time on Thursday on the heels of a strong technology sector. The comeback was a sign that Wall Street has bounced back after Wednesday’s disappointing earnings reports and testimony by Federal Reserve Chairman Ben Bernanke that the fallout from the subprime debacle would cause substantial financial losses....
Paulson had taken office as Treasury Secretary May of 2006. This is an article from "Rolling Stone" about Mr. Paulson.
POSTED: December 1, 9:15 AM ET
By Tim Dickinson
Crony capitalism isn't usually this bald. But then again, this is Hank Paulson we're talking about.
This week, Bloomberg reported that in the summer of 2008, while serving as Treasury secretary under president George W. Bush, Paulson gave a gathering of Wall Street titans detailed, inside information about the government's plans for the troubled mortgage giants Fannie Mae and Freddie Mac.
It was July 2008, and Paulson had been insisting in public that Fannie and Freddie would remain privately owned. In private, Paulson gave his former colleagues in the investment banking world a preview of his true intentions: The government would be taking both Freddie and Fannie into conservatorship, largely wiping out stockholders....
What is a little insider trading among friends after all?
On November 28, 2008 Goldman Sachs hit a low at $78.99. In the long view of Goldman that wasn't bad because before the "Goldman Boom" the stock sold about $86.00 or so. It was not a high earner and when it started to move it received a great deal of clout in the market. So, across the spectrum of Wall Street these days there is DISAPPOINTMENT because they don't have the BUBBLE back YET.
Boom or Bust. It is the way Wall Street likes it and adrenalin is Romney's best friend. Promise the 1% the return of the $14,000 as a bench mark and all is well for the GOP.
Yep.
Nothing like the good ole days of George Walker Bush and Dick Cheney. You could count on them.
So, 'adrenalin hooked' Mr. One Percent Willard Romney just can't wait to prove that Bain Capital can out perform them all. Isn't that right Mitt?
Bain is the next Halliburton or is it Goldman? Be prepared for greater impoverishment and a hotter planet.
Goldman's Five Year Performance graph is at the title to the entry. Hm? I wonder. What was Bain Capital's during this time?
