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Showing posts with the label Goldman Sachs IS the US Treasury Dept

Don't worry if you can't find H1N1 vaccine for your kids: Goldman Sachs has its supply

... courtesy the rest of the government : To the list of hundreds of schools, hospitals, and community health centers that have received limited allocations of the H1N1 swine flu vaccine, you can now add some of New York's largest employers. In the past week or so 13 companies, including Citigroup (C) and Goldman Sachs (GS), have begun receiving small quantities of the vaccine, according to city health authorities.... According to the city, Goldman has requested 5,300 doses. Obviously a much higher priority than schools, daycare facilities, nursing homes.... [h/t Waldo ]

Here's a question for you

First, the set-up about Goldman Sachs' potential violations of securities laws via McClatchy : WASHINGTON — In 2006 and 2007, Goldman Sachs Group peddled more than $40 billion in securities backed by at least 200,000 risky home mortgages, but never told the buyers it was secretly betting that a sharp drop in U.S. housing prices would send the value of those securities plummeting. Goldman's sales and its clandestine wagers, completed at the brink of the housing market meltdown, enabled the nation's premier investment bank to pass most of its potential losses to others before a flood of mortgage defaults staggered the U.S. and global economies. Only later did investors discover that what Goldman had promoted as triple-A rated investments were closer to junk. Now, pension funds, insurance companies, labor unions and foreign financial institutions that bought those dicey mortgage securities are facing large losses, and a five-month McClatchy investigation has found that Goldman...