I smell a bail-out

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???

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