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Who isn't thrilled Blankfein's hooks are in Facebook? Maybe a few of your friends who fear banks? Like Goldman Sachs, this country's most hated? The King of Derivatives? You fill in the blanks. TARP has helped Goldman make out like a bandit. Ever wonder whose taxes kept Goldman afloat – And paid tycoons bonuses while Friends lost their houses – Where Treasury's Geithner quote advises unquote? Is Zuckerberg a match for Goldman Sachs moguls? How long before they change his privacy rules? How long before Wikileaks takes aim at Goldman And finds Facebook Friends have been taken for fools? Devious, dubious investment vehicles Have long been a Goldman Sachs specialty. But their "special purpose" creation for Facebook investors Shouldn't pass muster with the S.E.C. Its special purpose is simply bending the rules, A subversive maneuver for its high-net-worth guys. Examine it closely and you will discover It's a Goldman derivative in a clever disguise. But more special indeed than those they are trading Under the aegis of ICE Trust. This is a private endeavor (with TARP). Their co-conspirators won't get to share Goldman's lust.
Bob Carlson 1/4/11 To 'Why Facebook Is Such a Crucial Friend for Goldman' To 'Goldman's Blankfein' To 'Goldman Sachs' To 'Wall Street's Timid Tim Geithner' To 'A Secretive Banking Elite Rules Trading in Derivatives' To 'ICE Trust derivatives' |