Manages Parisian Family Office. Began Wall Street, 82. Founded investment firm, Native American Advisors. Member, White Earth Chippewa Tribe. Was NYSE/FINRA arb. Conservative. Raised on Native reservations. Pureblood, clot-shot free. In a world elevated on a tech-driven dopamine binge, he trades from Ghost Ranch on the Yellowstone River in MT, his TN farm, Pamelot or CASA TULE', his winter camp in Los Cabos, Mexico. Always been, and will always be, an optimist.

Monday, August 07, 2017

Goldman Sachs in the "old" days..........

A fine of $550,000,000 is a total joke.  That is 3% of the GS bonus pool!!
 
How much "free" money does GS make daily by borrowing at the discount window and reinvesting in 10-year treasuries?
 
This is how it worked then.......... and now..........
 
1) GS fraudulently screws up our financial system and economy.
2) Deemed TBTF, The Fed tells GS to convert into a savings bank.
3) GS now borrows freely at the discount window and uses taxpayer $$$ to buy treasurys.
4) Obama DoJ sues GS for fraud.
5) GS settles with the government and pays the fine with $$$$$ it earned  at 0% interest from taxpayers.  All at zero
 risk.
 
What a racket.  

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