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Goldman Sachs sued - another hit to US economy? (pg. 3)
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| Skipper |
| I was surprised to see this. Pretty big deal. |
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| Nrg2Nfinit |
honestly, it shouldn't be that huge of a deal. Whats happening in toyota is way worse. People are actually dying. The issue here is disclosure and some insider shenannigans. Paulson is in the clear completely for taking a short position in their own fund.
This is by no means the fall of goldman sachs, if anything this may be another ploy by sachs to get better long positions, or clear their shorts in their own stock lol. |
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| exraver |
| quote: | | Goldman Sachs sued - another hit to US economy? |
What economy? |
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| hax-a-million |
| quote: | Originally posted by Nrg2Nfinit
honestly, it shouldn't be that huge of a deal. Whats happening in toyota is way worse. People are actually dying. The issue here is disclosure and some insider shenannigans. Paulson is in the clear completely for taking a short position in their own fund. |
i bet more ppl have committed suicide after losing their savings in the meltdown than the number of people who have died from Toyota's sticky gas pedals (as wack as they are, suposedly knew about it since 2004)
but yeah, paulson not being charged is total bs. he obviously has someone very powerful in his pocket |
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| slingshot |
| quote: | Originally posted by Skipper
I was surprised to see this. Pretty big deal. |
Especially given how much acclaim Paulson has received over the last few years for pocketing billions on nailing the downside bet. |
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| Nrg2Nfinit |
| god this thing is so overhyped. |
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| Nrg2Nfinit |
| i don't understand how people can throw so much money into an investment that they don't understand. Couldn't they ask the simple question "what kind of mortgages are part of the net asset value?" Do these people just blindly throw their money at a "reputable company". |
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| Nrg2Nfinit |
completely and utterly out of line. He should have starred in loose change. |
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