Tuesday
Jul212009
Gasparino: Goldman Has No Plans To Give Up Commercial Bank Status (CNBC Video)
Charlie's a pretty vocal Goldman critic, so there was some surprise that they chose him to be their mouthpiece to the detractors. Some decent information in this clip.
Reader Comments (3)
Anyway, in either case, as a non-voting, unwilling, possible shareholder, I recommend they start acting like the commerical bank they are and extend some of their largess to cash-strapped corporate and even retail consumer (i.e. mortgage) borrowers on the principle adjustment and refi upswing. Yeah, right!
With all this newfound capital is JPM and GS on a lending spree to earn normal interest income, or do they not think that capital collateral has bottomed yet? Maybe they prefer high risk speculative return rates vs. commercial lending rates?
If there was ever an argument to bring back Glass Steagall, Goldman is the poster child for it.
"Very handsome picture by the way." LOL. Is Michelle flirting with Charlie? Love how he tried to play it off by talking about the monitor being moved, but the grin on his face gave him away. :p
In the last three years they have grown in power beyond any bankers dream of 2005. Tomorrow the World!