Goldman sold BP Right Before Spill

[bigb]

wow this is a completely pointless thread. To intelligent people, I'm sure I don't need to explain why. I believe risky's assessment would be the most accurate representation of the OP.

 

[psytrade]

You would have to look at the value of CDS exposure on BP and determine the counterparty. That might open up a can of worms. The equity side is kind of less important imo.

http://www.reuters.com/article/idUSN0216875320100602?type=marketsNews

The BP CDS is worth about 6x more than it was in April.

 

[NoDoji]

Quote from risky63:

and he also believes that we didn't go to the moon, it was done on a set in hollywood.

Q. How is the earth like a day trader?

A. Flat at the end of the day.

 

[SomeYoungGuy]

AP, New York - In the third quarter of 2008, moments before Goldman Sachs CEO Lloyd C. Blankfein had an unusually large bowel movement, the trading desk went long toilet paper futures. By the end of the day, prices had rallied and Goldman found themselves $100 million richer. The subsequent investigation by the SEC found nothing improper and the inquiry was dropped.

 

[nutmeg]

Quote from NoDoji:

Q. How is the earth like a day trader?

A. Flat at the end of the day.

 

[misterno]

So the fact that GS sold just before the oil spill was a coincidence????

This is insider trading to me

Why don't they just fine the company so big that it bankrupts and humanity will be saved

 

[omegapoint]

Sounds like something out of a James Bond super villain.

 

[traderlux]

Quote from ipatent:

http://rawstory.com/rs/2010/0602/month-oil-spill-goldman-sachs-sold-250-million-bp-stock/

Goldman is also a frequent target of liberals and journalists, including Rolling Stone's Matt Taibbi, who famously dubbed the firm a "vampire squid."

....wasn't a huge squid swimming with a strange package seen near the rig just before the explosion?