Today, after the huge draw down on sub-prime lenders, I saw this WSJ article titled:
Goldman Goes Hunting In Battered Loan Sector After a Record Quarter
Lets see Hank Paulson, ex CEO of Goldman is in the Treasury.
I smell a bail-out
I’m betting, that just like in the past, the Fed is going to bail-out the big boys (aka friends of the Treasury). Otherwise, why would Goldman eat the risk? How could they feel so sure that there is money there.
Yeah, there isn’t a precedent for this is there? I mean Dick Cheney didn’t give Halliburton any favors, RIGHT???