Skip to comments.
Goldman Sachs fined $450,000 (Gets wrist slap for hundreds of short sale violations)
UPI ^
| 05/2010
Posted on 05/08/2010 8:12:52 PM PDT by SeekAndFind
click here to read article
Navigation: use the links below to view more comments.
first previous 1-20, 21-26 last
To: DEADROCK
>>Can anyone explain what short sale means to a doorknob like me?
To little people like us?
It means BOHICA.
21
posted on
05/09/2010 5:13:45 AM PDT
by
LomanBill
(Animals! The DemocRats blew up the windmill with an Acorn!)
To: SeekAndFind
OF COURSE!
This was just a big show from the start, to keep those donations pouring into the MaObama team! Now, they will use this to make their takeover of the financial sector complete and pass another “reform” bill.
Any “Reform” legislation they sell is code for Socialist totalitarian rule.
22
posted on
05/09/2010 5:24:58 AM PDT
by
PSYCHO-FREEP
( Give me Liberty, or give me an M-24A2!)
To: CaptainK
Maybe someone pushed the wrong button when it was suppose to be a $4,500,00 fine.
Mistakes are always possible ( note how you inadvertedly missed a zero above).
But this so called fine is so laughable that I don't even know if it will change any habit of Goldman Sachs. Fining an $800 Billion company $450,000 ? Most of these executives would throw that kind of money away in one night of partying and not even miss the cash the next day.
The amount would be like fining me 1 cent for violating traffic laws.
To: SeekAndFind
24
posted on
05/09/2010 6:33:39 PM PDT
by
dalebert
To: dalebert
RE: not millions?
Nope. And if even if it were ten times this fine, that’s chicken feed to Goldman. They claimed to have lost $90 Million in the ABACUS CDO trade by betting on the long side and it didn’t hurt their bottom line ( nor the bonuses they gave ) one bit.
To: SeekAndFind
Wow...less than 5% of Blankfein's annual bonus...color me impressed. Off, OFF Damned Sarcasm!
A simple reform is to require that short selling be done with borrowed shares, plus enforcing the uptick rule.
26
posted on
05/09/2010 7:15:45 PM PDT
by
Night Hides Not
(If Dick Cheney = Darth Vader, then Joe Biden = Dark Helmet)
Navigation: use the links below to view more comments.
first previous 1-20, 21-26 last
Disclaimer:
Opinions posted on Free Republic are those of the individual
posters and do not necessarily represent the opinion of Free Republic or its
management. All materials posted herein are protected by copyright law and the
exemption for fair use of copyrighted works.
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson