SEC charges GS with fraud

[S2007S]

Anyone see CRAMER arguing with that other guy, DAMN was cramer pissed off!!!!!

cnbc took him off quickly!!!

 

[Rabbitone]

This is old news:

http://www.huffingtonpost.com/mike-lux/fraud-at-goldman-sachs_b_342710.html

It is a ploy by BO.

Quote from S2007S:

Wow the DOW only off 90 points, you would think news like this was good for 900 points off the dow, im sure they buy the market right into the close making this GS news look like absolutely nothing.

 

[pupu]

No sweat

A small fine and some new jobs for the soon to be former government
employees at GS and back to business

 

[Daal]

Rumor: GS might have hedged itself
http://www.forexlive.com/100299/all/goldman-told-in-advance-it-faced-sec-action-reuters

I thought I was kidding, GS risk management has hedges against alien invasions and the extinction of the human race

 

[canuckrookie]

Quote from endsongs:

The federal Gov't typically won't bring charges unless they have enough evidence for close to a 100% chance of winning. GS is in serious trouble. Just my two cents.

GS is gonna get steam rolled on this one. I completely agree with you, the FEDS wouldn't show their hand unless they were 99% certain they could bring a case and win. And whoever said this smells political, any case of this magnitude can't be anything but political. That doesn't mean the SEC is in the wrong here, quite the contrary, they are sending a clear message that there is a new sheriff in town and no firm is too big to be sued.

 

[Daal]

The GS prop desk must have loaded up today on XLF/MS puts and shorts in order to hedge their financial future. Guess how that will show up in their financials? 'undisclosed equity options'

 

[Debaser82]

Everything Paulson and GS touch turns to gold apparently except Paulsons actual gold play which is the one I chose to follow...

Urgh. I'm sick of it!

 

[Daal]

Quote from Debaser82:

Everything Paulson and GS touch turns to gold apparently except Paulsons actual gold play which is the one I chose to follow...

Urgh. I'm sick of it!

dude, Paulson is actually short gold right now, you didnt buy that PR did you

 

[Debaser82]

Quote from Daal:

dude, Paulson is actually short gold right now, you didnt buy that PR did you

That's alright.

If it crashes much further I am selling my house and doubling down.

 

[omegapoint]

Blankfein won't go to jail. Hell, Blankenship isn't even going to jail and he killed 29 people. If GS is fined
more than a slap on the wrist they'll appeal, work the PR end of things with the words "witchhunt" and "taxpayers are paying for
a witchhunt" which right now is ...Golden. . Now Martha Stewart, there was an outlaw.

Another thought. Regulation around the corner and if this is a show trial that gets expensive it'd play in favor of less regulation
that adds to the deficit; the governement isn't going to court with
their own legal bench and thats gets expensive. Lets show taxpayers just how expensive it is to take all the big boys to
jail.