SEC charges GS with fraud

[Anaconda]

Quote from asiaprop:

lol, a "contracted consultant". This guy so clearly displays he has never worked for any serious financial firm nor does he understand the issue under discussion other than what he picked up on some freebie websites. What a monkey. I am out of here, getting too hilarious.

Are you really going to claim that GS, MS, JPM and other bulge brackets do not contract out consultants. Wow.

Wait, are you even in NYC? Have you ever worked here? I know you are not and have not, as you confirmed in much older posts. But you claim so much knowledge, so what bulge bracket have you worked for or do you?

P.S. Congrats on making Troll666 your homeboy!

 

[Anaconda]

Quote from Trader666:

LOL Gotcha!!! I was responding to your prior post where you admitted your mistake but you deleted it. And now you pretend I need reading comprehension? You're so full of crap



Your deleted post:

Once again, re-read the post. Or is it that hard?

I was giving you the benefit of the doubt and thought I mis-stated, but I did not.

P.S. So you do sit there and Refresh second by second. Nice trolling, LOL!

 

[Trader666]

Says the troll

Quote from Anaconda:

Nice trolling, LOL!

 

[Trader666]

Oh please... you're back because you're desperate to save face.

YOU'RE the one representing himself as the know-it-all and YOU'RE the one saying Goldman didn't lose what they said. I'm saying you're a rube to claim that Goldman is lying without proof because it would be INCREDIBLY LAME for them to tell the world they lost $100 million if they were hedged and did not, especially given the words their attorney used during the conference call.

So, know-it-all making the claim, let's see YOUR proof. Specifically:

1) Show PROOF of which specific ABACUS 2007-AC1 securities Goldman went long and when.

2) Show PROOF of a 1-1 correspondence of hedges for the specific securities from step 1, when they were put on and with whom.

3) Include ALL $ for the above and use them to PROVE Goldman's overall losses were NOT what they claimed.

Anything less won't do. Come on clown, let's see your proof.

P.S. Where is ABSHE 2006-HE9 M9 listed as part of AC1?

Quote from Syprik:

"Our overall losses in connection with the transaction [ABACUS 2007-AC1] exceeded $100 million including $83 million with respect to the retained long position. We certainly had no incentive to structure a transaction designed to lose money"

Thanks again for clarifying the ****overall CDO loss **** = transaction #1.

Do you have counter-evidence that GS did not lock in CDS on the following Baa2's on or after April 27, 2007 in separate balance sheet transactions (I'll give you a hint, it was contained to only 2 separate CDS):

CMLTI 2007-WFH1 M9
CARR 2006-FRE2 M8
MSAC 2007- NC1 B2
MSAC 2007- HE1 B2
ABSHE 2006- HE9 M9

To name just 5 of 14 (these 14 = 15.5% of AC-1) RMBS relevant to this discussion.

Before you strike out once again, keep in mind AIG or Deutsche Bank or ??? has released it's CDS counter-party position data after being subpoenaed. These documents are in pdf format. I'll give you the opportunity to prove you have a shred of competence that you allude to have in this space and can break down these transactions. I gave you the primer key to work with.

I'm back in a "toy with the troll" mood. You are just too easy a target. For those that already know, please do not help him. This clown will be put in his place.

 

[Informed]

In short sale, GS is betting against mankind not just US. It's more like beating a sick patient to death to get his wallet ...claiming he is going to die anyway eventually, there is no point for the sick to see for another day.

In case of CDO, GS simply helps to distribute poison to make their healthy clients to be sick ... then kill them.

I don't see how GS can get out of this easily, split into small companies without letter 'G' and 'S' is good for their employee because they are still the best and brightest, can still make good money.

 

[wmb]

Quote from Informed:

[
I don't see how GS can get out of this easily, split into small companies without letter 'G' and 'S' is good for their employee because they are still the ....."

lets start this all over again!

 

[bwolinsky]

Maybe if we could figure out which CDS Goldman bought to bankrupt AIG, we could retroactively bust the trade rather than waste billions of lawyer and legislative, judicial time in fighting what I'd characterize as a non-material part of Goldman Sach's business.

Yeah, if only AIG could take that one back...

 

[nutmeg]

Quote from bwolinsky:

Maybe if we could figure out which CDS Goldman bought to bankrupt AIG, we could retroactively bust the trade rather than waste billions of lawyer and legislative, judicial time in fighting what I'd characterize as a non-material part of Goldman Sach's business.

Yeah, if only AIG could take that one back...

Some say the bad trade was Elliot vs Greenberg.

 

[Trader666]

To further prove how clueless you are, Goldman didn't own the equity tranche. That was disclosed during the conference call. So don't accuse them of misrepresenting their loss when you don't even know what they owned.

So sad how Syprik the poser has been exposed for the rube he truly is

Quote from Syprik:

Did you consider the strong possibility it made sense for them to buy the equity tranche in order to earn the fee?

Quote from Syprik:

Do you actually think they held onto this particular 0-9% equity tranche (=$90MM, strung with Baa2) without offseting?

Quote from Syprik:

Once again, there is very little to zero probability that GS middle-office would have allowed that particular AC-1 0-9% equity (1st pool to get zero'd on a default) to go naked knowing full-well how GS was positioning themselves with similar/same Baa2 tranches.

 

[asiaprop]

anyone watching the senate subcommittee, Ms. Collins speaking?...this is hard to beat, I am having an incredible laugh. I cannot wait to hear the questions all those mortgage traders and Sparks is being asked...enjoy everybody...this is better than circus.