Wednesday, September 24, 2008

Conjecture

  • Wonder why Warren Buffet suddenly started to decide on investing $10.0 billion in Goldman Sachs today?
  • Did Secretary Hank Paulson decide on unrolling the $700 billion bailout the moment his alma mater Goldman Sachs started to get into trouble? The bailout was announced the day Goldman shares sank almost $30 last Wednesday...
  • Why did Goldman Sachs suddenly change its position from a investment bank to a 'commercial bank' last Sunday? Looks like it was in real trouble...

Of course, now Bloomberg news is now reporting this:
Goldman Sachs Group Inc. and Morgan Stanley may be among the biggest beneficiaries of the $700 billion U.S. plan to buy assets from financial companies while many banks see limited aid, according to Bank of America Corp.

Maybe just an inconsequential conspiracy theory, but the bailout really starts to stink - in investment banks they have a word for this situation: 'conflict of interest'...


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