Thursday, August 13, 2009

August 13,2009/3

Here's a typical NPR-style discussion (on 7/16 - just caught up with) with Bove clearly hoping someone at Goldman is listening, Taibbi staying away from the numbers. The real issue is whether Goldman's access to government/Fed/taxpayer funds and guarantees was to prop up business as usual. Goldman not having been a bank as any normal human being would define "bank" until practically the day before it reached into the TARP etc. honeypot did not have the "as usual" business real banks did. My own take is that Goldman saw an opportunity, figured out how to qualify, and took it.

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