Comments on: Goldman Sachs Turns Profit, Plans To Give Back TARP Funds. http://donklephant.com/2009/04/13/goldman-sachs-turns-profit-plans-to-give-back-tarp-funds/ Big Teeth. Huge Ass. Surprisingly Reasonable. Mon, 23 Nov 2009 03:05:09 -0800 http://wordpress.org/?v=2.8.4 hourly 1 By: gerryf http://donklephant.com/2009/04/13/goldman-sachs-turns-profit-plans-to-give-back-tarp-funds/comment-page-1/#comment-445496 gerryf Tue, 14 Apr 2009 12:24:22 +0000 http://donklephant.com/?p=14447#comment-445496 Profit has nothing to do with solvency--Wells Fargo and Goldman Sachs still have billions of dollars in assets on their books that they are valuing at X and the rest of the world wouldn't buy with your checkbook--well, actually, that's not true--the rest of the world will be buying them with your (read taxpayer) checkbook, propped up by the moronic Geitner plan. The "great news" of profits is merely masking the underlying weakness in the financial system that requires increased regulation and more conservative investing practices. Profit has nothing to do with solvency–Wells Fargo and Goldman Sachs still have billions of dollars in assets on their books that they are valuing at X and the rest of the world wouldn’t buy with your checkbook–well, actually, that’s not true–the rest of the world will be buying them with your (read taxpayer) checkbook, propped up by the moronic Geitner plan.

The “great news” of profits is merely masking the underlying weakness in the financial system that requires increased regulation and more conservative investing practices.

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