You are correct. Buffett put money in in Sept and TARP was passed in Oct.
So GS might have gotten by.
SEC charges GS with fraud
- Thread starter nitro
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You are correct. Buffett put money in in Sept and TARP was passed in Oct.
So GS might have gotten by.
Off topic I know but I'm sure we all read the report today of how hard the SEC was working while all this was going on. Not to deflect outrage from the topic at hand but we know hedge funds, Ibanks, all of us, are working 14 hour days trying to make money and in some cases seeing how far we can warp the system to that end. The fvking SEC is supposed to be policing this crap as it happens, not years later so they can show they're doing something. I've only bought and sold GS shares, but I actually PAY the SEC. The least they could have done is forward me some good videos when they were on downloading sprees. Instead we all have this stupid case.
In the end no matter what happens with this case it won't have any impact on what happened over the last decade, nor will it have any impact on the next bubble and subsequent fiasco because the SEC doesn't want to get dirty when the crimes/unethical behavior is occurring.
In the end no matter what happens with this case it won't have any impact on what happened over the last decade, nor will it have any impact on the next bubble and subsequent fiasco because the SEC doesn't want to get dirty when the crimes/unethical behavior is occurring.
Wow, what turnip truck did you fall off of? Gretchen Morgenson's article from last December doesn't prove squat. Maybe you should try reading the documents yourself instead of relying on others for what to think.
You're a rube to think that Goldman would spin losing $75 million on this particular deal for "PR" purposes. Why go out on that limb, especially when the case against them is so weak? Or don't you think Goldman understands the concept of risk/reward?
Why don't you call the SEC (if you can pry them away from their porn) and blow the whistle on Goldman's "cover-up"? I know, I know... Goldman's involvement was so massive that their offsets can't be conclusively linked.
You're a rube to think that Goldman would spin losing $75 million on this particular deal for "PR" purposes. Why go out on that limb, especially when the case against them is so weak? Or don't you think Goldman understands the concept of risk/reward?
Why don't you call the SEC (if you can pry them away from their porn) and blow the whistle on Goldman's "cover-up"? I know, I know... Goldman's involvement was so massive that their offsets can't be conclusively linked.
I've read the SEC complaint but IMO there was no material misrepresentation because all participants were experienced institutional investors who knew exactly what was in the portfolio. Not to mention that Paulson's not God and there were ample disclaimers, one of Paulson's people says he explained Paulson's role to ACA anyway, etc., etc.
The whole lot of them would have ceased to operate had it not been for the back room arm twisting up the ass they gave the tax payers. Do you really expect anyone to believe they had superior risk management? there would not have been record bonuses had they managed their risk properly....
was it the end of the world or was it not? or was it a calculated move to dump all that toxic paper on us?
one more week of not doing anything may have seen all of them go to zero bid. If you watched the tape during that week you would know what I am talking about.....
WHO gave them money? Can you give us a link to a credible source?
You make up stories all day long without the slightest backup. I am asking you again: Back up your claims or stfu because your word on an anonymous board means next to nothing other than you are parroting popular media...
Any money from government/taxpayers they received, they have paid back in full. Its all well documented. You are denying hard facts and evidence thats all I can say to you.
You make up stories all day long without the slightest backup. I am asking you again: Back up your claims or stfu because your word on an anonymous board means next to nothing other than you are parroting popular media...
Any money from government/taxpayers they received, they have paid back in full. Its all well documented. You are denying hard facts and evidence thats all I can say to you.