Goldman Sachs Misled Congress After Duping Clients

RedDuke · Apr 14, 2011

http://www.bloomberg.com/news/2011-...fter-duping-clients-over-cdos-levin-says.html

BwPirt · Apr 14, 2011

I wonder what kind of trouble they can get into, I bet not more than they can buy out of.

ogarbitrage · Apr 14, 2011

Congress and Mr. Levin should be educated on what exactly a market maker does.

krazykarl · Apr 14, 2011

Quote from ogarbitrage:

Congress and Mr. Levin should be educated on what exactly a market maker does.

LB tried what, 18 months ago when he testified? Congress is fairly useless...

MarketMasher · Apr 14, 2011

http://finance.yahoo.com/blogs/dail...7-320.html?sec=topStories&pos=9&asset=&ccode=

Gee...it's all in Eric Holder's hands now.....

SCI new york · Apr 14, 2011

Quote from ogarbitrage:

Congress and Mr. Levin should be educated on what exactly a market maker does.

That's just plain stupid. If you think they actual performed their duty as a market maker than you're just a moron. Goldman is a scam artist. They have the money and the political power to get away with it. Fair? no, but no one is really stopping them.

piezoe · Apr 14, 2011

Quote from ogarbitrage:

Congress and Mr. Levin should be educated on what exactly a market maker does.

Apparently Congress already knows exactly what that particular "market maker" does.

jlancaster · Apr 14, 2011

Quote from SCI new york:

Goldman is a scam artist. They have the money and the political power to get away with it. Fair? no, but no one is really stopping them.

Its the sad truth! Goldman is a money giant who can scare the crap out of anybody who has the balls to mess with them. With all their influence behind them, I don't know of anybody who is willing to stop them.

Rickshaw Man · Apr 14, 2011

Quote from jlancaster:

Its the sad truth! Goldman is a money giant who can scare the crap out of anybody who has the balls to mess with them. With all their influence behind them, I don't know of anybody who is willing to stop them.

From the inside out..thats how you purge this leach.

MarketMasher · Apr 14, 2011

Quote from Rickshaw Man:

From the inside out..thats how you purge this leach.

But maybe when CFO David Veniar called it "The Big Short" what he really meant was "The Big we are so NOT Short against our client's interests so there is no way we are going to make a windfall on this so don't expect a big bonus this year."

And why do they use "Misled" instead of "Lied To"?....