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Who's profiting from the credit crisis?

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Hannah Bell Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Oct-02-08 12:20 PM
Original message
Who's profiting from the credit crisis?
DAVID WEIDNER'S WRITING ON THE WALL
Goldman is getting the best of the credit crisis
Commentary: Opponents have been vanquished and bad bets wiped away
By David Weidner, MarketWatch

Not often do you regard a company whose stock is about 50% off its 52-week high as a success story.
But a success is exactly what Goldman Sachs Group Inc. is shaping up to be at this stage of the credit crisis. If we were to begin the long journey back to stability today, Goldman would undoubtedly emerge even more powerful than before.

Commercial banks such as Citigroup Inc. are obvious winners in the credit debacle. They've been able to buy battered banks at fire-sale prices. America is about to become a country with three national banks that have big broker/dealers as subsidiaries.

http://www.marketwatch.com/news/story/whos-profiting-crisis-goldman-sachs/story.aspx?guid={C177EA75-3EB8-4631-B1EC-6EBAE68CDCB7}
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ben_meyers Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Oct-02-08 12:30 PM
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1. Warren Buffett and George Soros for two. n/t
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stray cat Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Oct-02-08 12:38 PM
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2. Obama and Biden you could argue - but that doesn't make them bad guys
You could even argue the democrats in general.
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zbdent Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Oct-02-08 12:50 PM
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3. banks in the Caymans and Switzerland?
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chill_wind Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Oct-03-08 12:53 AM
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4. K & R n/t
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bbgrunt Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Oct-03-08 01:24 AM
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5. hank paulson
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chill_wind Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Oct-03-08 06:17 AM
Response to Reply #5
8. And all the other GS wheels.
some past, some present

http://www.nndb.com/company/076/000057902/

Useful and interesting:

http://www.nndb.com/
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mhatrw Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Oct-03-08 04:28 AM
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6. Bush cronies and Paulson cronies n/t
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johnaries Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Oct-03-08 04:52 AM
Response to Original message
7. More monopolies, more companies that are "too big to fail".
Yeah, we can do nothing and let the "free market" take care of itself. That means less competition and, as usual, the little guys (you and me) get screwed.
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girl gone mad Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Oct-03-08 07:12 AM
Response to Original message
9. kick
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chill_wind Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Oct-04-08 12:54 AM
Response to Original message
10. kicking...
eom
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