Posted:
#26
Goldman Probe a smokescreen to divert attention away from Financial Crisis
Goldman Sachs Fraud Charges
Posted:
#29
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: https://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: https://www.marketwatch.com/story/us-considers-goldman-sachs-criminal-charges-wsj-2010-04-30
GS under $150 which had been recent support. 
Posted:
#31
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. 
Posted:
#33
Quote Originally Posted by LeRinkRat:
btw, walls, the so called "rating agencies" should be NEXT
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.
Posted:
#34
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.
Posted:
#36
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.
Posted:
#37
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.
Posted:
#38
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!!! 
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