Posted on 02/15/2013 6:15:58 PM PST by jimbo123
Goldman Sachs Group Inc is cooperating with a U.S. Securities and Exchange Commission probe into insider options trading in H.J. Heinz Co before the food company announced it was being acquired, Goldman said on Friday.
(Excerpt) Read more at economictimes.indiatimes.com ...
John Kerry is confirmed Secretary of State. Two weeks later, Buffet buys Heinz. Who could have known? Somebody call the KGB (SEC).
They have single handedly killed any dignity or professionalism Wall St ever had.
I spent my career on Wall St and was, at the time, proud of my work.
No more! I am, thx to Goldman and a few others, ashamed!
I am so sick of the filth. Projection 101. Classic of the leftist moguls and politicians. “Hate the rich” and “fair share”....then lining their pockets.
If I’m not mistaken, from the East Anglia email doc dump...the ‘scientists’ were in contact withe the World Bank and Goldman Sachs.
I started on Wall Street working for EF Hutton. One day EFHutton talked... And the Fed listened.
“John Kerry is confirmed Secretary of State. Two weeks later, Buffet buys Heinz. Who could have known? Somebody call the KGB (SEC).”
I guess I should have put a /sarcasm after my earlier post.
When Kerry was confirmed, buying Heinz was a no brainer (full discloser, I didn’t buy cuz I had no funds). Common sense was all that was required. No insider info necessary.
What a joke. The SEC is a cesspool of cronyism , nepotism, and beaucracy. Goldman Sachs has NEVER been convicted of endless fraud, including involvment in the subprime loans. Actually NO Convictions have taken place in the subprime loan fiasco.
Are they serving ketchup with that probe???
Are they serving ketchup with that probe???
That is funny on 57 different levels.
Are they serving ketchup with that probe???
That is funny on 57 levels.
I was with E.F. Hutton...wonderful firm, until Robert Fomon was relieved from duty.
The crony capitalist cabal (FED-Treasury-Wall St.-Too Big To Fail Banks-Gutted and Neutered Regulators - Blind Justice Department-Bought and Owned Congress and President) is a rotating circle of insiders making sure that the other insiders will never be held accountable for fraud at the trillions of dollar level. If one of them was ever actually held accountable the whole corrupt and rotten mass would collapse.
That means they get rewarded for their bad behavior. They get even more bold in how much they can steal, pump, dump, con, scam, lie, cheat, and manipulate the global financial system in a desperate last act to make sure they preserve their ill gotten gains at all costs. Nothing will come of the blatant Goldman Sachs insider trading on Heinz. It will be delayed, subverted, and in the end they will slap a 5% fine with no admittance of guilt on Goldman Sachs, while allowing them to keep the other 95%. Maybe some token low level flunkie will be blamed for screwing up and receive a slap on the wrist, only to end up in the FED or Treasury department in a few years as a reward for being the fall guy.
Problem is that no one beats an exponential ponzi curve. Not even these idiots. When it blows it will be orders of magnitude worse because of their insatiable greed and stupidity. We are living the 21st century chapter of the “Rise and Fall of Great Powers”. Humans love to repeat the past, as they constantly chant to themselves that “this time” they will escape what happened to every other group of previous fools.
Political criminals
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.