Goldman Sachs hires law firm to shut blogger's site

Quote from Humpy:

Until whistle-blowing on corrupt practices has some protection then the Madoffs and other crooks will get away with it usually for a lot longer.

Could be a small indication of the growing power of the internet community - holding the rich and powerful to book - even Governments
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Imo, my view regarding the internet "holding the rich and powerful to the book" is not happening yet. The net is uncovering the graft and corruption but only to the extent of destroying people (good and bad) not changing the system.
 
Quote from vhehn:

http://www.ritholtz.com/blog/2009/04/taxpayer-funded-gs-profits/

If in fact Goldman (or anyone else) was “hedged” against a possible credit loss from their CDS with AIG and they were able to collect on that hedge (no matter what it was) those payments through AIG need to be clawed back immediately as nobody is entitled to be paid twice for the same risk and reap what amounts to a windfall profit by quite literally engineering a multi-billion dollar transfer of funds from the Taxpayer to the firm!”

Makes you wonder if having a Treasury Secretary who was a former CEO of Goldman Sachs had anything to do with this.
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Paulson is the new Waldo.

Where's Paulson? :D
 
Rubin and Summers are more evil.

Strike the heart or the brain. Kicking the monster in the shin will only piss it off. :D

Quote from stock777:

What exactly was his modus on that RE blog?

Was he a condo pimp, or was he warning the morons that they were stepping in the brown stuff?


www.goldmansachs666.com is all well and good but I'd be more impressed with

angelomozillomusthang.com


Shit, when Paulson got named, that was the most obvious conflict of interest in history. Never should have been allowed.
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Quote from Tide31:
03-23-09 04:13 PM
ET Thread: 'Men of the Mind' to go on Strike - Atlas Shrugged


Actually none of this will matter. One of the reasons for Friday's selloff in the banks was that it is widely expected that they will race to do secondaries to pay down the TARP funds and be done with the goverment. Today's rally is playing right into their hands. Not that the Senate will pass or Obama will sign Barney Frank's bill, but why take the chance.

GS only needs to raise $4bil to get under the $5bil limit. Expected headline: "GS 40mm Share Spot Secondary". One days volume, and they for one are done with it.
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-40.65mm shares
Funny, I was only off by 650,000 shares back then. Did anyone not expect this from GS?
 
Quote from Pa(b)st Prime:

The name of the blogger is Mike Morgan and he's a pretty well known guy. His Florida real estate blog was one of the most widely read blogs in history. I'd guess he'll be a formidable legal adversary of Goldman's....
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I've been following Mike for almost 2 yrs. He was early but got it completely right. And more so, he traded it exactly right. Returning well over 100% for his clients last year. Unlike Peter Schiff, et al.

However, as far as litigation, his previous litigation against Lennar cost him almost his entire life savings so it's said.

I love the guy, but I worry about him because he really puts himself out there.
 
ML-Implode will be present on Mike Morgan's Wednesday, April 15th conference call (details below), which is being arranged to kick off organization efforts in response to the Goldman Sachs attack on www.GoldmanSachs666.com . Goldman Sachs sent Morgan a cease and desist letter. Morgan responded by filing a Complaint in the United States District Court against Goldman Sachs. Aaron Krowne and other representatives and volunteers from ML-Implode will be in attendance on the conference call. We encourage everyone to attend the conference call or listen to the recording that will be posted online.


http://hf-implode.com/viewnews/2009...hMikeMorganGoldmanSachs666comOnBloggerFr.html
 
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