GS Misses Expectations Once You Take Out Forgone Compensation

Goldman came out with earnings today. Of course thanks to our tax dollars, they made a killing - for themselves. Not even the shareholders got too much out of it. When you look at the "earnings" a lot of it comes from write-downs that have not been taken, but instead written up on worthless assets and proprietary trading with the remainder coming from forgone compensation. The last one serves a double purpose of trying to mask the fact that they missed expectations and a publicity stunt, but the major reason is for them and the market not getting crushed due to their miss especially considering God on Earth Goldfein and his top cronies are getting what they call long term stock. There is really nothing long term about it considering the already have a whole bunch of stock that they can sell and they were not going to sell all of that anyways. Since stocks are homogeneous you can not distinguish between the stock they get today vs. what they get a few years ago, so you think about that scam.

For Goldman their clients come last since they are a huge hedge fund and private equity house themselves. Neither of those wrote down their losses fully during the crisis and still do not as they still are bankrupt and that will eventually be more clear for the brain-challenged people. They recently -by mistake- confessed that they front run and they can if they want to mislead their clients. What a great place!!!!! This giant prop trading boiler room could be in a lot of trouble if the Obama bluff really goes into action and they do not let banks like JPM and Goldman not prop trade any longer. Their revenues everywhere else sucked and missed expectations, so Goldman becomes a very mute firm at that point. You might wanna start getting out of your long if you were unethical enough to own some of that evil company's stock.