SEC charges GS with fraud

A better question may be are we all part of one massive dispersion trade, where your trade is arbed out; look at the most recent index drop, seemed like bs to me but when spx came near 1000, you had to have steel balls to buy in. I got a position around 1025 spx, trying to hold long term but will be ready to dump it a small profit, such is trading.
 
From the comments section {:>)

Does the Federal Reserve have a disclaimer? How about a tagline:

Frontrunning planet Earth since 1913

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Ben Bernanke's Federal Reserve announced Tuesday that it made a record profit of $46.1 billion last efforts to rescue the country from the worst economic and financial crisis since the 1930s
 
Quote from nutmeg:

From the comments section {:>)

Does the Federal Reserve have a disclaimer? How about a tagline:

Frontrunning planet Earth since 1913

-----------------------------------------------
Ben Bernanke's Federal Reserve announced Tuesday that it made a record profit of $46.1 billion last efforts to rescue the country from the worst economic and financial crisis since the 1930s
More...

And nearly all of that profit goes to the taxpayer.
 
Quote from krazykarl:

And nearly all of that profit goes to the taxpayer.
More...

I wonder what this means for us taxpayers?

Reminds me. Somewhere, a school system slashed their budget, the gov, said oh la la, return the savings to the property owners. The BOE said there isn't any money to return.
 
Quote from nutmeg:

I wonder what this means for us taxpayers?

Reminds me. Somewhere, a school system slashed their budget, the gov, said oh la la, return the savings to the property owners. The BOE said there isn't any money to return.
More...

It means more money for the govt. to spend on things.

This is not like your story at all. The fed's profits(90%+)go directly to the US treasury. After it gets there blame whatever current administration for what happens to it.
 
GS and the SEC settle:

http://www.sec.gov/news/press/2010/2010-123.htm

I am not happy with the endgame, although admittedly even though what GS did was unethical, it was probably not wholly illegal either. The morons on the other end needed to do their due diligence. But hey, now that being a GS customer doesn't mean a thing, they should know better next time. Fool me once...

$550M is chump change. I suspect that the government wants to look forward and not backwards, and it probably needs business to get the economy going again. It is willing to lose the battle to win the war.

Still, tears are flowing down the faces in fury of those that see this as more tyranny.
 
Say goodbye to at least Lloyd Blankfein:

Ex-Goldman Director Accused Of Leaking Inside Information

http://www.cnbc.com/id/41850211

What is halirous to me is, GS stock itself reacted before the news in anticipation of this news.

Wall Street is one big information leaking scheme. The SEC should reopen the case against GS. Information is often not impacted in the stock, but in the options. The SEC needs to triple it's staff to police these thieves.
 
The government can't target a particular ethnic group because it is unconstitutional (just like they can't target just Muslim looking young men at airports), but man with names like Gupta and Rajaratnam involved in the same case, I bet you that pattern recognition programs that look automatically for these things have taken notice...
 
One wonders how much PG earnings is leaked given that this guy was on the board. A company like PG! My God, the tentacles of crime have reached the core of America.

How deep is the rabbit hole?
 
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