I forgot to post this along with the financials of GS bank. I couldn't find quarterly information on net income for the last quarter of each year so...but it's not a big deal since this is just a quick profile.
Total Assets NI(3 mo. ending) Total Equity
12/31/08 $884,547 $64,369
3/31/09 $925,290 $1,814 $63,553
6/30/09 $889,544 $3,435 $62,813
9/30/09 $882,185 $3,188 $65,354
12/31/09 $848,942 $70,714
3/30/10 $880,528 $3,456 $72,944
6/30/10 $883,188 $613 $73,819
9/30/10 $908,679 $1,898 $75,657
12/31/10 $911,332 $77,356
3/31/11 $933,289 $2,735 $72,469
I got some more financials about GS bank coming today.
Let me end this post with a message about how disturbed I am by the debt deal. To me and the vast majority of economists, deficit reduction and spending cuts is not what is needed for the economic health of the USA and the world to a degree. I wonder how the Wall Street types are reacting to this. They should know very well that deficit reduction will not be good. I understand that they have some beef with Obama for having cast them as the bad guys after having wooed them. But, smart money has to be moving against deficit reduction. For all the power that Wall Street has, I don't wonder why aren't they pressuring congressional leaders to change course, I wonder what plans have they already made for us to change course. Sure, corporate profits are nice right now, but they would be even nicer if the American consumer regains their consumption patterns.
Seems like the Wall Street types are letting their voices be heard by the market selloff.
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