SEC charges GS with fraud

Quote from maxitronixy:

THIS IS HUGE. who's the brave guy from the sec?

Looks like the Dow's hovering at the 11000 level.
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This isn't brave. "Brave" is when they go after Chris Dodd or the brass at Fannie/Freddie. Don't hold your breath on that, though.
 
Quote from Syprik:

Do not underestimate the cost of "reputation" reduction. It would seem quite rational that any fine will pale in comparison to lost counter-party/transaction business from here on out. Why would a pension fund administrator continue to trust such an entity at this juncture?
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Counter part reps have been known to evaporate in minutes.
 
It looks like that cost investors $1b, so the the penalty would have to be at least that. Looks like GS will have the first earnings miss in a generation :p
 
Quote from Daal:

Breaking news, GS traders told by risk management to hedge its own demise. GS puts to take over the balance sheet as their largest exposure. Blankfein said 'we are too good of traders to have significant exposure to our fraudulent transactions'
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LOL ! Good one. :D
 
Call the SEC and talk to them.

Demanding on the internet will get you no where. There should be some sort of hotline dedicated to suspicious activity.

Quote from nitro:

I demand enforcers look into the GS 160 put buyers yesterday!!!
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I hope everyone realizes how fucked up wallstreet is and how these modern manipulation techniques work.

How anyone could think GS is fair is beyond me, how anyone could even want to put a dollar into that company is beyond me, greed greed and more fucking greed is all its about.
 
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