Sunday, September 6, 2009

Nancy Miller - The New Wall St. – Goldman Sachs exec offers ‘Bailouts for Dummies’ - True/Slant

Nancy Miller - The New Wall St. – Goldman Sachs exec offers ‘Bailouts for Dummies’ - True/Slant: "So that makes us all dummies: First the government forces Goldman to take $10 billion in loans to ensure its health. Then it gets another $8.1 billion through the AIG back door to cover fully hedged positions. Maybe Cohn should explain to stressed out small business owners and families at risk of losing their homes how they can come out as well as Goldman Sachs. He could call it “Bailout for Dummies”. I bet it would be an overnight sensation."

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