And I started off today in a good mood too.. :-(
WOWOWOWOWOWOW!
I guess we "underestimated" the power of our president to put us into debt!
This is the last two paragraphs from
http://www.guardian.co.uk/business/2 009/jun/21/goldman-sachs-bonus-payments
Goldman Sach's is making a KILLING trading the bonds that is putting our country deeper and deeper into debt. Read that number again, then read it again. $3.25 TRILLION!
< flame>
"These banks are intermediaries in the bond markets where governments and companies are raising billions of pounds of new money. There is also a lack of competition that means they can charge huge sums for doing business."
Last week, the firm predicted that President Barack Obama's government could issue $3.25tn of debt before September, almost four times last year's sum. Goldman, a prime broker of US government bonds, is expected to make hundreds of millions of dollars in profits from selling and dealing in the bonds.
< /flame>
I guess we "underestimated" the power of our president to put us into debt!
This is the last two paragraphs from
http://www.guardian.co.uk/business/2
Goldman Sach's is making a KILLING trading the bonds that is putting our country deeper and deeper into debt. Read that number again, then read it again. $3.25 TRILLION!
< flame>
"These banks are intermediaries in the bond markets where governments and companies are raising billions of pounds of new money. There is also a lack of competition that means they can charge huge sums for doing business."
Last week, the firm predicted that President Barack Obama's government could issue $3.25tn of debt before September, almost four times last year's sum. Goldman, a prime broker of US government bonds, is expected to make hundreds of millions of dollars in profits from selling and dealing in the bonds.
< /flame>
