News for hackers. Stuff that matters.

A comment on How One Goldman Sachs Trader Made More Than $100M. Parent comment

Re:How One Goldman Sachs Trader Made More Than $100M by kafkaesq on Wednesday October 19, 2016 @09:24PM (#12749240)
A $13b bailout on suspiciously favorable terms had something to do with it, also.
[ Parent | on HN ]
Re:How One Goldman Sachs Trader Made More Than $100M by qaq on Wednesday October 19, 2016 @10:29PM (#12749415)
What is suspiciously favorable about it? the terms were uniform. The real kick back to all banks was the unwind of AIG.
[ Parent | on HN ]
Re:How One Goldman Sachs Trader Made More Than $100M by kafkaesq on Thursday October 20, 2016 @01:08PM (#12754108)
What is suspiciously favorable about it?

I trust that you're aware of the basic chronology. If not, it should be fairly easy for you to look into.

[ Parent | on HN ]
Re:How One Goldman Sachs Trader Made More Than $100M by qaq on Thursday October 20, 2016 @08:23PM (#12757322)
Yep and? Every IB had to secure a deal GS got money from Berkshire Hathaway, everyone else got acquired Lehman could not secure a deal. Unlike in every other deal government was not providing downside guarantees for Berkshire Hathaway investment in GS. Government did provide huge guarantees to JPM and every other bank that acquired an IB.
[ Parent | on HN ]