Posted on 04/17/2010 6:23:53 AM PDT by george76
No. This investigation was underway in 2009, and the knowledge that the charges would be brought was leaked to other big-money players at 3 AM EST Friday morning per an article (with graph of futures trading suddenly plummeting at 3 AM) here http://www.zerohedge.com/article/futures-testing-support-liberty-33-asleep-wheel
They also have a random quote that Goldman shorted a boatload of S&P futures early in the day, per http://www.zerohedge.com/article/talk-pits-goldman-sold-1000-large-sps-earlier, and, as many cynics supposed, was reportedly told in advance and shorted its own stock http://www.zerohedge.com/article/did-goldman-short-itself-reuters-reports-goldman-was-told-advnce-it-faced-sec-action upon being notified.
What Will Buffett’s Response Be Now That Goldman’s “Ethics” Are Exposed For All To See?
I’m obvisiously a simpleton but I agree, GOOD. these are the same folks who bet against us. They have made lotso cash on our downfall and I know you finincial types will say I’m buying into the class warfare. FINE, I’m buying into it!! when a few folks control most of the money supply there is a problem.
loved the first article about Burry.
Dennis, thanks for the article on Dr. Burry. It took me a bit of time to read it, but it was well worth it.
Great article isn't it? The guy is a genius who does his homework and then some!
I came across the Vanity Fair at the supermarket checkout line. I grabbed the magazine and read the Burry article in 10 minutes or more and put it back on the rack
Now if George Soros could just go belly-up in one of his scams.
Unless he sold he didn’t lose anything yet.
bookmarked
Thanks, very good read.
I don’t give a damn how much money Buffet loses when he champions politicians and policies that hurt so many of us.
Pretty cool, eh? You’re welcome.
RE: “The deal reflected Buffett’s belief in “not just the strength of Goldman but its integrity,”
Integrity?
Integrity?
Goldman?
The cheats and thieves of ...?
The most hated company in America ???
“The first thing you need to know about Goldman Sachs is that it’s everywhere.
The world’s most powerful investment bank is a great vampire squid wrapped around the face of humanity, relentlessly jamming its blood funnel into anything that smells like money.
In fact, the history of the recent financial crisis, which doubles as a history of the rapid decline and fall of the suddenly swindled-dry American empire, reads like a Who’s Who of Goldman Sachs graduates.”
********************
I’m no expert in this investment banking ‘game’ but way back in the mid nineties I worked in the executive office of a company in Los Angeles that was constantly swarming with attorneys and others from Goldman, NY. Those slick looking characters showed up weekly for secretive conferences with our CEO and his top five execs.
My employer was involved in lots of merger/takeover activity (of health insurers all over the country) but something just didn’t seem right to me — I just had this uneasy feeling that Goldman was ‘dirty.’ and I’ve thought so to this day. Could never prove it, just a ‘gut’ reaction to all that appeared to be going on back then.
Now I wonder.......... and suspect I was always correct about Goldman.
A few percentage points higher.
Is BRK-A the stock I should be checking? Didn’t BRK-B split 50-1?
BRK-B did split, but either stock should give about the same result.
And you still can't prove it?
Options have an expiration date.
Sheeeeet//// Goldman got insider information (advance notice) so they shorted their own stock. There is no end to their sleaziness
Goldman sucks...If they are heroes to you then you are no better. I’m sure GS stars in your fairytale book about fake capitalists.
Thanks for jumping in with your hysterical feelings. If you ever find a fact, please get back to me and we can start a discussion.
Your type of fake capitalist inspires liberals to hate all capitalism. You and your ilk are the best friends 0bama ever had
Thanks for weighing in with your feelings again, but I heard enough the first time.
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