Why do I only see these article in the Financial Times ( of London), as headline articles, and not in US newspapers:
Today it was reported that the Obama administration made $4 Billions dollars on the sale of warrants in banks with groups led by Goldman Sachs paying over the market rate.
Yesterday it was reported that "The Federal Reserve is sitting on billions of dollars of paper profits from its controversial effort to unwind credit default swaps AIG provide to banks like Goldman Sachs".
If it was reported, I guess I ( and most of the rest of the country ) missed it. It certainly didn't make the headlines.
Don't get me wrong, I think the unregulated CDS market really was the "weapon of mass destruction " that help bring us down; but good news is good news and shouldn't be hidden from the American public.
Eric
news reported or not reported doesn't always equate with fact. also facts are too often in the eye of the reporter. dinner was great and we enjoyed being with you guys. jay
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