Goldman Sachs charged with FRAUD!!!!

I was about to post this.
i wonder if the hedge fund betting against their crap security had a connection with GS?
 
I thought it was a joke at first. SEC taking on the big one. Fraud, which for the peons would mean jail time?

Pile on time for all those that have dirt on GS. Send it to the SEC as the AG'S wouldn't take them on.

A little wrist slap and fine next week. Then back to the same old.

How about checking into the Greece connection while at it SEC?
 
WHAT A JOKE!!!!

Non of these fraudsters/thieves/liars/racketeers will ever go to jail.

The SEC "Sleeping Exchange Cronies" need some good propaganda and watch for Obama and the party that needs talking points for the elections in November use this piece to Parrot on the campaign trails. Like a BILLION dollar fine... and then, the DUMBOCRATS will tout... playing hardball with evil bankers/wall street. Whata Witchunt

I can see the whole setup and the parasite politicians playing this all the way to November 9th.


Goldman Sachs and Paulson Co... will Bribe (Payoff the US government) and then it's business (Gambling/Stealing) as usual. Ahhhh, Chump Change!

Don't forget... the FEDERAL RESERVE has already delivered $25 Billion in profits to Goldman Sachs over the past 6 quarters. FDIC still has them as a Bank...

Yeah Right... where's Shakespeare?

PS: Want a little history on Wall Street Junk/Hedge Funds/ etc?

Remember the JUNK BOND KING



Michael Milken


April 21, 1990
GUILTY PLEA. Former junk bond chief Michael Milken has agreed to plead guilty to six felonies and pay $600 million to settle the massive racketeering and securities fraud case against him, sources close to Milken said Friday. As part of the agreement, all charges against Milken's brother Lowell will be dropped, the sources said. In addition, Michael Milken will avoid the most onerous charge of racketeering, the sources said. Federal prosecutors would not comment late Friday, but a formal announcement is expected next week.

BILLIONAIRE Michael Milken barely served 10 months in "Club Feed" low security jail after being charged with 98 FELONIES... Wire Fraud, Felony Fraud, Conspiracy, RICO-Racketeering, Mail Fraud, blah blah blah...

Wall Street Crime pays... as long as you can payoff the government!
 
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Ha ha haaaa.

Excuse my outburst of laughter. As if this was the first example of GS criminal activity in the markets. If is was up to me, i would take Blankfein and water torture him until he confesses to every single detestable crime he and GS is guilty of. He is no more than financial terrorist.
 
the count said:
Ha ha haaaa.

Excuse my outburst of laughter. As if this was the first example of GS criminal activity in the markets. If is was up to me, i would take Blankfein and water torture him until he confesses to every single detestable crime he and GS is guilty of. He is no more than financial terrorist.
Click to expand...


Goldman Sachs is NOT even charged by the SEC with Criminal Lawsuits... the SEC filed a CIVIL LawSuit.... What a Joke!

Very Well Planned... fuckin fascist propaganda.

We should be looking elsewhere... or why...

Hey! Look over here! :rolleyes:
 
yep, when I see the shackles and orange suits, then I'll be impressed. headlines are just part of the deception.

Ellsworth Toohey, well played.
 
So, does this mean that we should have more government regulation, or less?
 
the count said:
it just means that laws on the books have to be enforced, thats all.
Click to expand...


Hmm, interesting... timing is everything and you know that Dodd Banking/Wall St bill is right around the corner.How can Wall St now, say NO to Banking Reform after today's well publicized FRAUD?

Let's take a look who gains here... Low and Behold, The FEDERAL RESERVE to the RESCUE!


http://www.pbs.org/newshour/bb/politics/jan-june10/dodd_03-15.htm that


Dodd's bill would have the Fed oversee any firm, not just banks, with more than $50 billion in assets.

Ladies and Gentlemen, this Fraud scheme Empowers the FEDERAL RESERVE (Banking Cabal) with even more control over themselves!

Goldman is a Bank = Banking Cabal = Federal Reserve

One Big Secret Star Chamber Family... whata coincidence! :rolleyes:

The FDIC grows in controlling all assets under $50 Billion... oh how government and their Crony Corporatists!

Look for Chris Dodd, His Wife, and even shirttail relatives to be rewarded well after the Scumbag is outta office next January. Oh, don't leave out SEC "insider plant" Chairman: Mary Shapiro & Friends.
 
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Unfortunately, I don't see how Goldman broke any laws or really committed fraud here. Caveat Emptor.

For every buyer, there is a selling. For every party that is betting the market will go up, there must be someone on the other side betting that it will go down. I think this is just a pathetic attempt to blame GS for the corrupt system we have.
 
Thrashertm said:
Unfortunately, I don't see how Goldman broke any laws or really committed fraud here. Caveat Emptor.

For every buyer, there is a selling. For every party that is betting the market will go up, there must be someone on the other side betting that it will go down. I think this is just a pathetic attempt to blame GS for the corrupt system we have.
Click to expand...

They sold a product (CDOs) that they knew would default. They took out insurance policies (CDSs) to make money when it did default. They had a man in government (Paulson) who abused his position and used taxpayer money to pay that insurance money to GS (via AIG) when AIG failed.

Main Entry: fraud
Pronunciation: \ˈfrȯd\
Function: noun
Etymology: Middle English fraude, from Anglo-French, from Latin fraud-, fraus
Date: 14th century

1 a : deceit, trickery; specifically : intentional perversion of truth in order to induce another to part with something of value or to surrender a legal right b : an act of deceiving or misrepresenting : trick


Fraud
From Wikipedia, the free encyclopedia

In the broadest sense, a fraud is an intentional deception made for personal gain or to damage another individual;
Click to expand...
 
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“We certainly did not know the future of the residential housing market in the first half of 2007 anymore than we can predict the future of markets today,” Goldman wrote. “We also did not know whether the value of the instruments we sold would increase or decrease.”
Click to expand...

Lol! Where have we heard that before? "Gee, we had no idea." Peter Schiff (and many of us) would differ on that!
 
Sarge said:
A little wrist slap and fine next week. Then back to the same old.
Click to expand...

Of course.

HOLLYWOOD said:
WHAT A JOKE!!!!

Non of these fraudsters/thieves/liars/racketeers will ever go to jail.

The SEC "Sleeping Exchange Cronies" need some good propaganda and watch for Obama and the party that needs talking points for the elections in November use this piece to Parrot on the campaign trails. Like a BILLION dollar fine... and then, the DUMBOCRATS will tout... playing hardball with evil bankers/wall street. Whata Witchunt

I can see the whole setup and the parasite politicians playing this all the way to November 9th.

Goldman Sachs and Paulson Co... will Bribe (Payoff the US government) and then it's business (Gambling/Stealing) as usual. Ahhhh, Chump Change!
...
Wall Street Crime pays... as long as you can payoff the government!
Click to expand...

Yep. From Goldman Sachs perspective, why wouldn't you engage in fraud. There is no risk.

If the only risk to robbing a bank was that you would have to give a little bit back if caught and convicted (and on Wall St that is highly unlikely), we would be over-run with bank-robbers in a second. (Well, we already are in a certain sense: Banker Robbers).

HOLLYWOOD said:
Hmm, interesting... timing is everything and you know that Dodd Banking/Wall St bill is right around the corner.How can Wall St now, say NO to Banking Reform after today's well publicized FRAUD?

Let's take a look who gains here... Low and Behold, The FEDERAL RESERVE to the RESCUE!


http://www.pbs.org/newshour/bb/politics/jan-june10/dodd_03-15.htm that


Dodd's bill would have the Fed oversee any firm, not just banks, with more than $50 billion in assets.

Ladies and Gentlemen, this Fraud scheme Empowers the FEDERAL RESERVE (Banking Cabal) with even more control over themselves!

Goldman is a Bank = Banking Cabal = Federal Reserve

One Big Secret Star Chamber Family... whata coincidence! :rolleyes:
Click to expand...

You are always on top of these crooks, HOLLYWOOD. We need to make you Attorney General!
 
This raises a very good argument. If there is no government regulations, the free market would correct the problem, while millions of people lose their ass. That means no regulations; no more "too big to fail". I agree with this. We would be very selective as to where we put our savings. But this will never happen in the real world. The truth is, until the government collapses we have to deal with this kind of bullshit. My question: Do we need more regulation or less? I think we need more. I think we will get more, and I think we will one day lose our freedoms to either Democrat Socialism, or Republican Fascism. Take your pick.
 
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