Way to go GS

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Jul 15, 2010 5:32 pm

SEC big waste of time case.  idiots

God Bless Goldman

Jul 15, 2010 5:54 pm

God bless Goldman?  Talk about worshipping false idols!

I say way to go SEC!  About time somebody called these guys out on double-dealing. Doesn't matter whether it was technically legal or not; clients now know you can't trust them.  Of course, they probably won't lose much business because all the big banks have the same ethics.  GS is just the gold standard in general screwjobs.

As such, this really helps the government in their case to go after other offenders.  The SEC is definitely going to pay for itself this year (admittedly they helped dig a $700B hole, but heck you gotta start somewhere).  If idealogy is getting in the way of your support of "big government" regulation then just focus on the deficit reduction this will bring.

Jul 15, 2010 7:00 pm

LOL.....you think the settlement money will go to "deficit reduction"???  I smell another stimulus....

Jul 16, 2010 8:21 am

[quote=loneMADman]

God bless Goldman?  Talk about worshipping false idols!

I say way to go SEC!  About time somebody called these guys out on double-dealing. Doesn't matter whether it was technically legal or not; clients now know you can't trust them.  Of course, they probably won't lose much business because all the big banks have the same ethics.  GS is just the gold standard in general screwjobs.

As such, this really helps the government in their case to go after other offenders.  The SEC is definitely going to pay for itself this year (admittedly they helped dig a $700B hole, but heck you gotta start somewhere).  If idealogy is getting in the way of your support of "big government" regulation then just focus on the deficit reduction this will bring.

[/quote]

you cant possible be this stupid.

wait, are you a college student?

Jul 16, 2010 11:54 am

Jen,

I listened to the interview with the head of SEC enforcement this morning. GS agreed tp the allegations that were made, including under the provisions that they were charged with that alleged fraud. The SEC also pointed out that the settlement only covers the Abacus transaction.  Also Tourre is still on the radar screen. They didn't make a deal with him. By the way, as part of the settlement, GS agreed to help the SEC in their case against Tourre---it sounds like they threw Tourre under the bus. It also sounds like Tourre should've made his own deal before GS turned on him.

Jul 16, 2010 4:40 pm

Nettles, based on the quality of your insult you're in what, third grade?

Jul 19, 2010 8:40 am

[quote=loneMADman]

Nettles, based on the quality of your insult you're in what, third grade?

[/quote]

youre right.  that was rude.

im sorry

GS should be getting an award.  

The idiots who BOUGHT these things for .000003938% over libor and 10000000% downside should be going to jail.  Wait   they are chap 11. 

THE SEC SAT IN MADOLF'S OFFICE FOR 9 MONTHS. 

5 PEOPLE.   MADOLF WAS NOT A BUSINESS.  

NO TRADES. 

NO COMPNAY. 

NOTHING.

9 MONTHS

NO TRADES

NOTHING

they missed it.