Criminal Probe Into Goldman Starting? US Prosecutors Subpoena Vampire Squid

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Thu, 05/19/2011 - 23:12 | 1294424 Xibalba
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Thu, 05/19/2011 - 23:17 | 1294435 Pepe
Pepe's picture

Not guilty for reason of insanity

Thu, 05/19/2011 - 23:18 | 1294437 Cleanclog
Cleanclog's picture

Bring on the real story, in front of the American public.  Then JPM, then the government.  Do it!

Thu, 05/19/2011 - 23:21 | 1294446 Pepe
Pepe's picture

maybe in my next life

Thu, 05/19/2011 - 23:25 | 1294470 rocker
rocker's picture

Maybe this will clean the clog. LOL   Just Do It.  Prosecute and I will buy my first bank stock.

Fri, 05/20/2011 - 00:13 | 1294581 Mactheknife
Mactheknife's picture

Snnnniiiiiiiiffffffffffff....just love the smell of fried squid in the morning!!!

Fri, 05/20/2011 - 00:43 | 1294634 LowProfile
LowProfile's picture

...Pass the marinara.

Fri, 05/20/2011 - 09:15 | 1295087 Troy Ounce
Troy Ounce's picture


The American public thinks GS is a criminal organisation with big money and is therefore looked upon with awe. Remember this is America where the winner, criminal or not, takes it all and the rest/loser enters into a depression. That's why in America you will never see the same grass-root uprising as in the MENA/EU countries. That's also why a US fascist regime is inevitable as it will fit the American thinking like a glove.

Fri, 05/20/2011 - 10:28 | 1295291 Attitude_Check
Attitude_Check's picture

You clearly don't understand America or Americans that well.  We are lazy, and self-centered, but also very rebellious, when we realize someone is taking advantage of us.

Fri, 05/20/2011 - 11:47 | 1295619 Freddie
Freddie's picture

This is just O's 2012 campaign contribution season getting started early.  Donate as much as you can or get indicted.   We will still indicted and if you do not give tens of millions - we will convict.    It is just a shakedown.  Nothing will happen.

Thu, 05/19/2011 - 23:18 | 1294445 Manthong
Manthong's picture

So what't the big deal?

They can send a few scumbags to jail and fine GS a few hundred million, but they can't unwind and fix the system, can they?

Thu, 05/19/2011 - 23:32 | 1294477 Drag Racer
Drag Racer's picture

hey, its not personal, just bidness...

Thu, 05/19/2011 - 23:20 | 1294451 PaddyFields
PaddyFields's picture

This is unfair. Why should Goldman Sachs be harassed in this manner having paid $994,795 in campaign contributions to El Presidente? It's down right anti-america

Fri, 05/20/2011 - 11:42 | 1295595 Freddie
Freddie's picture

2012 elections are coming and Goldman needs to get their donations in early.  More than a few people on ZH voted for the POS in 2008 and they still support him.

Thu, 05/19/2011 - 23:26 | 1294465 quasimodo
quasimodo's picture

Well woopie fucking doo. Another non story where somebody gets a slap on.......correction, nothing will happen

Thu, 05/19/2011 - 23:27 | 1294468 buzzsaw99
buzzsaw99's picture


Thu, 05/19/2011 - 23:31 | 1294469 Quixotic_Not
Quixotic_Not's picture

Not gonna happen...

Biggest supporter of Wall St. Fraud in US Senate?

Chuckie "Cheese" Schumer!

Chuckie Cheese's right-hand man and legal confidant?

Preet Bharara!

Expect more dog & pony shows, with a few seemingly high-ranking scapegoats thrown in...

The heir apparent to the slimeball, glory hound politeering in the NYC-DC cesspool ain't gonna do nuthin' to mess-up his shot at Gracie Mansion!

The banksters downtown are in like skinflints...

Maybe a 1-2% kickback from the looters, no admission of guilt -or- wrongdoing ever!

Thu, 05/19/2011 - 23:30 | 1294474 JW n FL
JW n FL's picture

Thank God!

Thu, 05/19/2011 - 23:30 | 1294479 SilverIsKing
SilverIsKing's picture

This article must be TD's joke of the day. Holder bringing criminal charges against GS? Lloyd will have his job. Hilarious stuff TD. Really funny.

Thu, 05/19/2011 - 23:35 | 1294493 Hephasteus
Hephasteus's picture

If you say that kind of shit. You best not acquit.

Thu, 05/19/2011 - 23:43 | 1294520 gwar5
gwar5's picture

It'll be a whitewash. This is just to get the villagers to put the pitchforks away and to pretend there is still integrity and stability in our necronomy.

I'll believe it when Blankenfein's monster is arrested and frog marched into the cooler for sending the chambermaid screaming out of a hotel room with her knickers up around her ears. 


Fri, 05/20/2011 - 04:39 | 1294826 reload
reload's picture

whitewash yes.

But first, shareholders may dispose of stock alowing Goldman to buy at bargain prices and take itself private again. Job done.

The list of crimes against taxpayers these people have concieved and executed is just mindboggling. They should be stripped of their licenses to carry on looting but they will not be. They are known as the vampire sqid for good reason.

Fri, 05/20/2011 - 04:44 | 1294830 reload
reload's picture

whitewash yes.

But first, shareholders may dispose of stock alowing Goldman to buy at bargain prices and take itself private again. Job done.

The list of crimes against taxpayers these people have concieved and executed is just mindboggling. They should be stripped of their licenses to carry on looting, but they will not be. They are known as the vampire sqid for good reason.

Fri, 05/20/2011 - 07:37 | 1294922 Sean7k
Sean7k's picture

"We're doing God's work" is the 21st century equivalent of "let them eat cake". The only difference is that the people then had the guts to do something about it.

note: yes, I realize Marie Antoinette may not have actually said that. 

Thu, 05/19/2011 - 23:51 | 1294533 lizzy36
lizzy36's picture

It was Geithner's idea NOT to push for prosecution. Of course because as head of the FRBNY leading up to an during the financial crisis, he massively failed at his job.

From the FCIC report:

Then NY Fed President, now Treasury secretary Timothy F. Geithner failed to “clamp down on excesses by Citigroup in the lead-up to the crisis;” Further, a month before Lehman’s collapse, Geithner was still in the dark about Lehman’s derivative exposure;

But I believe that as Unemployment is still 9% (2.7 years after the crisis) and millions still losing their houses, Obama now realizes that perp walks are a necessary part of attempting to instill credibility back to the financial system. Moreover, from a perception standpoint, they are necessary as an offset to the notion that the "system has reverted back to what it was" as evidenced by the millions being paid out in bonuses by the bailed out TBTF banks, once again.


Fri, 05/20/2011 - 00:10 | 1294580 Cleanclog
Cleanclog's picture

Perp walks ARE necessary . . .  and Geithner and FRBNY f---ed up but aren't the actual prob.  The oligarchy or corporateocracy that today rule us are the ones that are doing this.   Not an accident, not sudden, this is a long time plan executed.  


Fri, 05/20/2011 - 01:00 | 1294656 M.B. Drapier
M.B. Drapier's picture

But what about the Obama/Geithner special relationship? It it over?

Fri, 05/20/2011 - 05:38 | 1294852 Problem Is
Problem Is's picture

Timmay's daddy Peter hired Obummer's mommy Stanley years ago at the CIA front Ford Foundation...

Jeethner has the chit and Wanker Timmay ain't going anywhere...

Fri, 05/20/2011 - 05:34 | 1294850 Problem Is
Problem Is's picture

" a month before Lehman’s collapse, Geithner was still in the dark about Lehman’s derivative exposure"

Hey, give Timmay Jeethner a break...

He was busy doing his taxes that month...

Fri, 05/20/2011 - 00:13 | 1294576 laughing_swordfish
laughing_swordfish's picture

You know, I think this could turn out well after all.

I predict the Feds will "settle" for another 500M in fines/judgments in exchange for the Lying To Congress charges (the only ones that could stick) being dropped.

But they may not be out of the woods yet. The Attorney General of the State of New York has also subpoenaed Goldman, because much of what they are accused of (especially with the MBS mess) violates state securities law as well.

And where did all this take place? Guess.

Lloyd may escape the Feds, but not New York state. And since the new NY AG has been publicly critical of both Cuomo and Schumer for protecting Fraud Street, the real show may be just about to begin.

I can see it now ...Lloyd remanded to either Sing Sing or Attica (REAL pound-me-in-the-ass institutions) and maybe if he's lucky, he'll get DSK, the "rutting chimpanzee" as a cellie.

Fri, 05/20/2011 - 08:24 | 1294982 harlanaladd
harlanaladd's picture

"Now, Lloyd, squeal like [a] PIIGs"

Fri, 05/20/2011 - 00:12 | 1294585 jomama
jomama's picture


Fri, 05/20/2011 - 00:57 | 1294650 Dr. Porkchop
Dr. Porkchop's picture

Ahh, but the squid has many appendages, many of which control all the right mouths. Failing that, the squid will unleash the kraken.

Fri, 05/20/2011 - 01:05 | 1294669 Careless Whisper
Careless Whisper's picture

Ever notice how you come across someone once in a while that you shouldn't have fucked with? That's me. (Senator Levin aka Clint Eastwood)


Fri, 05/20/2011 - 02:11 | 1294740 Josh Randall
Josh Randall's picture

Verrrry optomistic - hate to be jaded but it's been so many defeats for common man, and wins for The SQUID and their coederie of nayerdowells.

However - a Goldman Sux patty wagon loading, combined with a non-QE3 event and a Debt ceiling standing pat would be a great start

Fri, 05/20/2011 - 12:53 | 1295925 I am a Man I am...
I am a Man I am Forty's picture

i think they may have pissed off the wrong guy finally, i really do

Fri, 05/20/2011 - 02:00 | 1294736 tip e. canoe
tip e. canoe's picture

you mean like those fraudclosure investigations?

or that investigation of Joe Cassano?

fool me once, shame on you,

fool me thrice, wait, what was it that Dubya said?

Fri, 05/20/2011 - 02:37 | 1294771 topcallingtroll
topcallingtroll's picture

This sucker is going down?

Fri, 05/20/2011 - 02:49 | 1294785 Hephasteus
Hephasteus's picture

Fool me once shame on you.

Fool me twice......... can't get fooled again.

Fri, 05/20/2011 - 10:35 | 1295323 Attitude_Check
Attitude_Check's picture

True that.  But the power is slowly shifting.  The folks who think they have been on the inside, will find out they were always on the outside shortly.  They are no longer useful to the folks actually on the inside.

Fri, 05/20/2011 - 02:33 | 1294770 topcallingtroll
topcallingtroll's picture

Without Matt and the Tylers the enquiry wouldnt have gotten this far.

Thank you.

Please post more articles on the squid's dealings so you can simplify this enough for a prosecutor and judge to understand

Fri, 05/20/2011 - 02:41 | 1294775 ebworthen
ebworthen's picture


I wonder what the name of the "new" firm will be when all the rats and cockroaches leave this one so they can burn it in effigy?

"Paulson Mozillo"?

"Frank Dodd"?

"Dimon Bernanke?

"Dewey Cheat'em & How"?

Rome needs to burn, but if they can kill the squid it's at least a symbolic start.


Fri, 05/20/2011 - 03:42 | 1294806 MarketFox
MarketFox's picture

By the way TD.....


How much money exchanges hands every month from GS paying Bloomberg.....


It seems like this could be a cumulative very stealthy number.....


You know.....for I mean protective public press.....



Fri, 05/20/2011 - 04:41 | 1294831 silberblick
silberblick's picture

Click below to watch YouTube's Harisebon7777777 short videos. He should be commended for his work on measuring the radiation levels in Tokyo. The device he uses costs about $1000, which I am sure he has paid out of his own pocket to provide us with the truth of what is really going on in Japan.

It is eerie to watch his videos. Typically, his hand is shown holding a geiger counter in some public place with people walking all around him as if there was nothing of importance going on; while all along, the geiger counter in his hand reveals what is really happening. Harisebon is documenting the slow irradiation of the Japanese archipelago. A visual unfolding of a tragedy.

While watching these videos. it is hard not to wonder how many of the folks one sees walking down the street will come down with cancer in 10, 20 or 30 years. In fact, the videographer's life itself is in peril. Poignant.

Go to Harisebon's YouTube channel and give him a shout-out. He deserves it.

Next, click below to read about the Orwellian steps taken by the Japanese government to hide from the foreign press (and its citizens) what is really going on in Fukushima:

Fri, 05/20/2011 - 09:38 | 1295129 sleepingbeauty
sleepingbeauty's picture

What is he measuring that is .18?? What are the units??

Fri, 05/20/2011 - 05:25 | 1294847 Problem Is
Problem Is's picture

Has Eric "Empty Suit" Holder Shown Up To Work Yet???
Holder couldn't catch a Bernie Madoff if Bernie walked into Holder's office and turned himself in...

Let alone a snivelling, Morey Amsterdam sounding Lloyd  Blank-dick-fein...

They'll have to roll Holder's corpse out of the deep freeze for this one like they rolled out the corpse of Bin Laden to kill him again...

Fri, 05/20/2011 - 06:07 | 1294862 aeiou260199038
aeiou260199038's picture

It also includes additional modern day batterie solutions linked to health care...

Fri, 05/20/2011 - 07:05 | 1294891 El Hosel
El Hosel's picture

    "the truth of what is really going on in Japan"

     Yeah,   the radiation went away just like the Oil in the GMO.... The plankton ate it.

Fri, 05/20/2011 - 07:06 | 1294895 farmer1
farmer1's picture

This is just to get the villagers to put the pitchforks away.  We who know and understand how the common people are being fleeced have a great obligation to educate and make sure the message gets out.

Derivatives (& swaps) pull forward future earnings into current periods. Both companies have independent valuations so both sides to an agreement can claim profits in the early years. The whole things is Enron, LTCM, ad nausea. Wouldn't be surprised if that's what really brought down Madoff and wouldn't be surprised if Buffett gets caught with his pants down too when the tide goes out.

Fri, 05/20/2011 - 07:19 | 1294906 Freewheelin Franklin
Freewheelin Franklin's picture

The Austrians say, too much cheap, easy money leads to mal-investments, which cause the boom/bust cycle. However, I don't recall reading anywhere that massive amounts cheap, easy money over an extended period of time leads to widespread fraud, corruption and system failure. I guess the Austrians figured that was too fucking obvious to mention.

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