FICO FICO who gots da FICO?
ROFL, these people should have known better, their GREED, was their downfall, not Wall St. They are no better than WELFARE RECIPIENTS.
For the more “Sesame Street” explanation of the Goldman/Paulson deal, Dylan Ratigan had a segment on PMSNBC that runs it down pretty well. I must say, I am shocked to see this on semi-mainstream TV.
http://www.youtube.com/watch?v=MMSa1WYUFJc&feature=player_embedded
{part 1 of 2]
The SEC knows this too. GS will not be hurt. This is strong evidence that what is happening now is a political PR stunt.
Since most of Obama’s stock portfolio is Goldman Sachs, they will not go down. Bet on that.
There’s a local investment “guru” on Saturday morning radio here in Syracuse NY who gave a pretty precise explanation of what happened.
He predicts that the government won’t do anything to Goldman. He says that they will set up for a trial, there’ll be a big to-do about how GS is going to get creamed by a jury, and then, at the last minute, they’ll settle with the SEC for between $1B and $2B, it’ll be “hailed as the biggest fine against a financial giant since last Tuesday,” and life will go on.
He also said that, for GS, paying a $1.5B fine is like for an ordinary person to go without an extra cup of coffee at lunch.
Did Soros get dinged on the deal?.
Some background articles.
It was unclear whether the govt let Lehman fall“to teach Wall Street a lesson” It was to save Paulsons Goldman Sachs http://tinyurl.com/n2ebof
Hank Paulson’s Former Co Goldman Sachs Admits Its Software Can “Manipulate Markets in Unfair Ways” http://tinyurl.com/kjea5l
In order to shift funds to his former company Goldman Sachs, Hank Paulson got a “Waiver of ethics disclosure” for conflict of interest.