SEC CHARGES GOLDMAN!.......(Pitch me)

[charliebrown]

Re: SEC CHARGES GOLDMAN!.......(Pitch me)

is this just theatre? Will the SEC give GS a hand slap, making team O look tough, then its back to business as usual. The whole thing may have been agreeded upon already. There are rumors of GS dumping SPY today.

[Camtender]

Re: SEC CHARGES GOLDMAN!.......(Pitch me)

CNBC Guest Tells, Sylvain Raynes, says "It's quite possible that Goldman had an equity position, they probably wrote it off on the closing date. So they stood to lose a few million and make a few hundred million... Goldman was clearly in the know, they knew what they were doing. In fact, if they are defending themselves against a fraud charge they will have to make a case that they didn't know. I think too highly of Goldman Sachs to think that they didn't know what they were doing... These deals were made to be shorted."

"We don't have time to go into details, I want to remain shallow in deference to Mr. Cramer."

Erin Burnett "You will not be back, you have to be more polite than that"

http://www.youtube.com/watch?v=_AWkt...layer_embedded

Talking heads are taking heat with GS now.

[chr5648]

Re: SEC CHARGES GOLDMAN!.......(Pitch me)

A nice big check to the SEC and all will be fine.

[marvenger]

Re: SEC CHARGES GOLDMAN!.......(Pitch me)

http://www.bloomberg.com/apps/news?p...T2a5L_zs&pos=1
Mind you............i guess it will be a very big "Fine" which will be FINE with everyone!
Mike

Bill Black interview on charges

http://www.bloomberg.com/avp/avp.htm...nYphebw2Mc.asf

[Mega]

Re: SEC CHARGES GOLDMAN!.......(Pitch me)

Bank baleout 2 is coming!
Mike

[nitroglycol]

Re: SEC CHARGES GOLDMAN!.......(Pitch me)

How about this scenario: The SEC levies a fine so big that GS faces bankruptcy. The government gives GS a bailout package so they can pay the government the money they owe. Everyone's happy.;)

[rabot10]

Re: SEC CHARGES GOLDMAN!.......(Pitch me)

is this just theatre? Will the SEC give GS a hand slap, making team O look tough, then its back to business as usual. The whole thing may have been agreeded upon already. There are rumors of GS dumping SPY today.

lol must say that is the point isn't it

[jtabeb]

Re: SEC CHARGES GOLDMAN!.......(Pitch me)

Mega could be right here, and that's what I'm rooting for.

Any number of jerks, as individuals and organizations, have risen to dizzying heights but finally gotten their just deserts.

Don't kid yourself.

They made a killing selling puts on themselves and the SP500.

And the only guy who is facing "charges" (civil, mind you, not criminal) is a 31 year old VP.

"Change you can make believe in".

Don't smoke the crack pipe.

[pwcmba]

Re: SEC CHARGES GOLDMAN!.......(Pitch me)

Bank Closing Information - April 16, 2010
These links contain useful information for the customers and vendors of these closed banks.

City Bank, Lynnwood, WA
Tamalpais Bank, San Rafael, CA
Innovative Bank, Oakland, CA
Butler Bank, Lowell, MA
Riverside National Bank of Florida, Fort Pierce, FL
AmericanFirst Bank, Clermont, FL
First Federal Bank of North Florida, Palatka, FL
Lakeside Community Bank, Sterling MI

[jtabeb]

Re: SEC CHARGES GOLDMAN!.......(Pitch me)

http://www.bloomberg.com/apps/news?p...T2a5L_zs&pos=1
Mind you............i guess it will be a very big "Fine" which will be FINE with everyone!
Mike

You enjoy bread and circus too much.

[ThePythonicCow]

Re: SEC CHARGES GOLDMAN!.......(Pitch me)

Chase/JPM website unavailable 1:17PM, Pacific time. I hope this isn't it, because I'm not completely ready for the second financial meltdown...

OMG :eek::eek:. And elsewhere we're told that iTulip will go down later this evening! Sure, EJ claims it is for just a few hours for pre-announced upgrade of the web forum software.. Sure ;). We're Doomed!!

[GRG55]

Re: SEC CHARGES GOLDMAN!.......(Pitch me)

Did I miss something? Have the financial oligarch's minions at the SEC been replaced while I was sleeping?

No?

Hmmmm.

The SEC's previous history of inaction has caught up with it...pressure's high, time to do Something. Anything...

The heat is on, on the street
Inside your head, on every beat
And the beat's so loud, deep inside
The pressure's high, just to stay alive
'Cause the heat is on...

Harold Faltermeyer and Keith Forsey; "The Heat Is On", from the soundtrack of "Beverly Hills Cop", 1984

High political theatre...:rolleyes:

[thriftyandboringinohio]

Re: SEC CHARGES GOLDMAN!.......(Pitch me)

Chase/JPM website unavailable 1:17PM, Pacific time. I hope this isn't it, because I'm not completely ready for the second financial meltdown...

Had dinner with a friend that works JPM IT. The whole organization is abuzz about that event. No big deal, common (but spectacular) software change failure. Only down an hour or so as I'm told.

[marvenger]

Re: SEC CHARGES GOLDMAN!.......(Pitch me)

http://www.businessinsider.com/henry...ry-weak-2010-4

[bpr]

Re: SEC CHARGES GOLDMAN!.......(Pitch me)

However, it failed to disclose the role that a major hedge fund, Paulson & Co., played in the portfolio selection process as well as the fact that the hedge fund had taken a short position against the CDO.

For those keeping score, this predates the fund's hiring of Alan Greenspan in 2008.:cool: