Monday, February 7, 2011

From Your Pocket to Theirs

Goldman etc. are doing so well they don't know what to do with all their cash.  Maybe they'll give it back to their investors via share buy-backs.  Or maybe they'll buy more distressed assets -- if they can even find them.  Apparently toxic assets are (again) the new black. 

Wait.  Haven't we been here before?  So... we bailed them out so they could buy more crap?  Or so they could just pocket the money and walk away?