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Goldman Sachs sued - another hit to US economy? (pg. 2)
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| barbina |
a good friend of mine works for GS .. I wonder whats going through his mind right now.
craziness. |
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| Nrg2Nfinit |
| im sure he probably had no idea. Usually only the top people have any realization of whats actually going on. |
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| tonybologna |
What Goldman Sachs did was criminal.
http://market-ticker.denninger.net/
And lets not call them a bank, even though they got magical bank holding company status by Hank Paulson. They are hedge fund that gets 0% money from the Fed and FDIC insurance. They are the ultimate welfare queens.
As for "another blow to the U.S. economy", main street would be glad to see the shenanigans on Wall St tamed by some real regulation and prosecutions.
http://jessescrossroadscafe.blogspo...f-there-is.html |
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| barbina |
| quote: | Originally posted by Nrg2Nfinit
im sure he probably had no idea. Usually only the top people have any realization of whats actually going on. |
I didnt insinuate that he knew anything ;)
Just that I was wondering what his thoughts were now .. aka his reactions to all of this
smartypants. |
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| Magnetonium |
What a surprise. Not. Considerable number of American corporations and business institutions commit billions of dollars worth of fraud and damage (to people, environment, etc) every year. Nothing new here, just another story.
The question is - how many of those bastards broke the law and have never been caught? Just imagine.
| quote: | Originally posted by SniFFleS
Great news if you are buying them! |
| quote: | Originally posted by Abercrombie
This thread lacks interest. |
:haha: |
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| Orko |
| Finally some sense to the financial meltdown. |
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| Nrg2Nfinit |
| quote: | Originally posted by barbina
I didnt insinuate that he knew anything ;)
Just that I was wondering what his thoughts were now .. aka his reactions to all of this
smartypants. |
yeah that would be intresting to know. |
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| daves |
| the Collateralized-Debt Obligation and the Credit-Default Swap were two of the most ed-up things to ever happen to the investment world... it was a fraud from the beginning and if not for Moody's being wise to the real actual worth of the bull being peddled this would have gone on much longer and had an even greater toll. |
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| SniFFleS |
| The top people at GS saw this coming and are probably cleaning up with puts right now. |
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| dEsidEL |
| quote: | Originally posted by SniFFleS
Great news if you are buying them! |
or you mean had shorted them..
and European airlines too :wtf:
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| dEsidEL |
| quote: | Originally posted by SniFFleS
The top people at GS saw this coming and are probably cleaning up with puts right now. |
lol and people close to the SEC with knowledge of it
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