Goldman Sachs Fraud Charges

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Author: [Investments] Topic: Goldman Sachs Fraud Charges
HonLi PM HonLi
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Posted: 4/25/2010 1:26:34 PM
Goldman Probe a smokescreen to divert attention away from Financial Crisis
wallstreetcappers PM wallstreetcappers
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Posted: 4/26/2010 9:37:29 AM
Speaking of derivative regulation, it is good to know that guys like Warren Buffett will continue to find loopholes. Nothing better than the free markets good guys getting an exclusion from important legislation.

link
Vermeer PM Vermeer
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Posted: 4/26/2010 10:23:17 AM
There is no free market, in any arena, period.It is a nice ideal, but never has been a reality.

 This show trial is going to get very amusing this week....one critic's reviews are already in

http://www.investmentpostcards.com/2010/04/26/gerald-celente-finance-reform-–-just-a-show/?utm_source=feedburner&utm_medium=email&utm_campaign=Feed:+wordpress/VYxj+(Investment+Postcards+from+Cape+Town)

LeRinkRat PM LeRinkRat
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Posted: 4/30/2010 1:32:14 PM

now the Wall Street Weasels are eating their own....

Marketwatch.com Friday April 30th

" Fears about a criminal investigation prompted two downgrades for Goldman Sachs Group Inc. Friday that sent the bank's share price down more than 9%."

ref: http://www.marketwatch.com/story/downgrades-add-to-goldmans-woes-2010-04-30

also "Federal prosecutors are conducting a criminal securities fraud investigation of Goldman Sachs Group Inc. and its employees, according to a Wall Street Journal report."

ref: http://www.marketwatch.com/story/us-considers-goldman-sachs-criminal-charges-wsj-2010-04-30

GS under $150 which had been recent support.

wallstreetcappers PM wallstreetcappers
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Posted: 4/30/2010 2:02:19 PM
Break them up..

Goldman should not be allowed to conduct this kind of business again. This makes like 5 events which have come out where they defrauded the public or helped a second party hide from the law, I think the punishment should be a breakup of their businesses.
LeRinkRat PM LeRinkRat
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Posted: 4/30/2010 2:31:10 PM

criminal securities fraud investigation of Goldman Sachs Group Inc. and its employees,

THAT's the TICKET for squaring away the market. Blankfein, "Fab Fab" Tourre, Daniel Sparks and the rest of that whole criminal gang need to go to PRISON for a LONG TIME.

Glodman needs to be dsssolved. they can reconstitute as a new company named "Churnem, Burnem & Howell". these guys were nothing but a low class bucket shop.

LeRinkRat PM LeRinkRat
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Posted: 4/30/2010 2:34:58 PM
btw, walls, the so called "rating agencies" should be NEXT
wallstreetcappers PM wallstreetcappers
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Posted: 4/30/2010 2:40:01 PM
QUOTE Originally Posted by LeRinkRat:

btw, walls, the so called "rating agencies" should be NEXT


Agree..

They are all in bed together, you cannot tell me that they missed the Abascus boat that badly..the sucker leaked money from the day that it was set afloat..down, down, down...yet the agencies rated it AAA.

We might get around to doing something in a few years..after the potential damage to the markets has been removed and it will be absorbed with a penalty and slap on the wrist.
Vermeer PM Vermeer
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Posted: 5/1/2010 10:57:11 PM
Their business is shot through with conflicts of interest.They make markets then make bets within the markets they make.

 I saw a guy on CNBC who literally said the ratings agencies were "the best of all worlds." I kid you not. I doubt he has ever read Candide, but he was a latter day embodiment of Dr. Pangloss. Incredible.

 They serve no useful purpose, except to aid in the fraud perpetrated on the public.

 It is interesting that GS thinks by saying they are dealing with "sophisticated investors" it somehow relieves them of all ethics.It doesn't.

 Lastly, if they were truly smart, Goldman would tell Lloyd to stay in the office, and they should trot out the prettiest woman on their payroll as spokesperson, preferably a blonde and blue eyed woman.
There is a lot of latent anti-Semitism in the air, and Blankfein is not the face you want attached to your cause at this point.

 

Vermeer PM Vermeer
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Posted: 5/1/2010 10:58:04 PM
The first line above is about GS not ratings agencies...
LeRinkRat PM LeRinkRat
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Posted: 5/1/2010 11:12:24 PM

 I saw a guy on CNBC who literally said the ratings agencies were "the best of all worlds."

being an "anal"yst in general is the best of all worlds. jerkoffs can completely BONE a prediction and there are little or NO consequences.

I remember when when I was an RR with Rotan-Mosley, who was THE oil patch underwritter back in the late 80's "oil boom" and Jeffery Hertell was still screaming "buy" while prices were dropping and every E&P and oil service company were had sold to people was going in the sewer.

still an oil "expert" and still making big bucks

same with that weasel Henry Blodget, the "dot bomb" king. most of his trash NEVER recovered.

that fairy is bigger than ever.

Vermeer PM Vermeer
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Posted: 5/2/2010 12:36:31 AM
Rat,

 The guy was some sort of weasel for the ratings industry, and yet his statement did not draw a single laugh, or question.It was incredible. 

 I agree about analysts. They have no accountability. They thrive due to their self promotion...ie Cramer being on the Most Wanted list. 

 It is not the illegalities of Wall Street that are amazing, it is what is pefrectly legal that is truly incredible.Passing laws won't make people honest....that much we know for certain.


LeRinkRat PM LeRinkRat
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Posted: 5/2/2010 4:06:31 AM

Passing laws won't make people honest....that much we know for certain.

YES BUT it makes for accountability IF they think they could go to JAIL

btw, I think WE are both BRILLIANT!!! made the "ratings agencies are NEXT" statement two days ago and on Cnn's Your Money, they said the SAME damn THING!!!

Vermeer PM Vermeer
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Posted: 5/2/2010 7:41:53 AM
I think we may need to follow the China model and start executing white collar criminals...
LeRinkRat PM LeRinkRat
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Posted: 5/2/2010 5:36:58 PM

I think we may need to follow the China model and start executing white collar criminals...

WORKS for ME, Vermeer.

OR just have a 21st Century American re-run of the French Revolution complete with a Guillotine on Wall Street and another one on K Street

LeRinkRat PM LeRinkRat
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Posted: 5/2/2010 5:41:02 PM

btw, I will BOOK you that for all Obama and the government's tough talk about "paying for the oil spill cleanup" that BP, Trans Ocean and Halliburton don't even come CLOSE to paying the bill.

they will weasel out of it somehow for 10 cents on the dollar

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