This page has been archived and commenting is disabled.
Did Goldman Short Itself, Reuters Reports Goldman Was Told In Advance It Faced SEC Action
Time for the SEC to take a look at what bets Goldman's prop desk, and material affiliates as well as hedge funds that are close to Goldman's flow traders, were taking on Goldman's stock over the past few days. If indeed Goldman shorted itself, bought SPY puts, bought octuple leveraged negative financial ETFs, or something else of the sort, on material non-public information, it would be time to shut the firm down.
h/t Forexlive
»
- 10469 reads
- Printer-friendly version
- Send to friend
- advertisements -
Would anyone expect less?
HELLO - of course Goldman knew something was coming. It's called a Wells Notice.
http://en.wikipedia.org/wiki/Wells_notice
Not only that, but it's quite normal for attorneys of a target to be working directly with SEC after receipt of a Wells Notice. The company is not just going to sit back and wait for a complaint. I'm sure they were trying to avoid the complaint right up until the last minute. I was quite pleased with Goldman getting sued, but let's be real about this here. The company obviously knew and there is nothing abnormal about that. No conspiracy at all.
This is of course a separate question from whether someone knew the complaint was coming this morning and made trades in advance. In which case all the lawyers of G&S would be in *deep* sh_t. I highly doubt it. You would have to be beyond stupid to commit insider trading on information of an SEC complaint!
I would not be shocked to hear that one of their Pirates of the Caribbean operations/laundromats executed some shorts. Not in the least.
Redacted.
Please let it be so, I would love to see the vampire squid get the wooden stake through the heart!
(BTW, barbecued squid is delicious, if you haven't tried it, do!)
Indeed. They are the Templars of the modern day...(nothing new, this analogy has been made before) We will never have any meaningful reform in this country until we harpoon The Squid. (Is it even possible?) Hopefully Volker is using this moment to pump up his case for dismemberment.
Please send the SEC this link in case they didn't think of this as possible.
That is f*ing funny. But true. And terrifying.
If there were any chance of justice, I'd short the shit out of this thing in a much bigger way. But NOT possible. There's too much political and financial support for this thing to hold.
SEC Complaints:
https://tts.sec.gov/oiea/Complaint.html
There is no one at the SEC smart enough to figure this out. It will go unnoticed.
This guy thinks that Goldman did not know in advance. http://www.businessinsider.com/henry-blodget-lack-of-fast-response-from-goldman-suggests-sec-sucker-punched-the-firm-2010-4
If they didn't know, the administration is about to see payback. I'm guessing they knew and were either told not to respond to give the appearance of a heavy handed SEC hit or they knew and don't really care since they do, after all, own the government that's charging them.
And why were the US futures down so much last night, which was highly unusual
Bingo
I believe the proper name for shorting your own bad self is "doing God's work."
Also from ForexLive...
http://www.marketintellisearch.com/articles/1009243.html
Google the "Magnetar Trade" to see which other banks might be involved in this type of thing. Citi, UBS and others are likely in a similar situation to GS.
dick bove was just on bnn telling canadians to buy GS - this is a buying opportunity. bove says, "even if they are fined 2 billion dollars, GS has 65 billion cash on hand, so this is a buy". This folks is the top of the market. the last time dick bove made a prognistication of this kind he was telling you to buy lehman just before it collapsed.
I agree. Bove is THE inverse barometer.
Lock and load, masks on, quiet in the trenches, this is not a drill!
Abigail J. Cohen ain't bad, either.
What else would one expect GS to do but make money from non disclosure, even when the information is against the firm itself. Of course, all of the recent chatter has been on how much stronger the financials are. ROFLMAO
The Yahoo Finance headline says "......Goldman charged with civil fraud."
I love that word. References indicate that it hasn't changed since the middle ages. Short, unambigious; a magnificant word.
Can't say that about all words. In my childhood, people could talk about hearts being "young and gay" without confusion.
And, oh yes, Hank was an Eagle scout.
"On my honor, I will do my best to do my duty to God and my country; to obey the scout law, to help other people at all times, to keep myself physically strong, mentally awake and morally straight.
What is that scout law that Hank swore to do his best to obey?
Of course, it is a little silly to think about holding anyone to such high, ambigious standards. It reminds me of an old college joke.
"To suceed, keep your eyes on the ball, your shoulder to the wheel and your nose to the grindstone"
"Now try to work in that position."
But he really shouldn'ta indluged in fraud.
Time for a survival hike.
Anyone from GS made any calls to Raj from Galleon lately?
It is within the realms of the thinkable...
It is within the realms of the thinkable...
If they did and are shorting themselves, they should continue to do so into extinction.
nice tits
I wonder how many in DC also acted upon the "news"????
It's funny, in the WSJ this morning on the front page of one of their section it talked about how a GS board member (can't remember his name) would not try to get re-elected as the Feds were investigating "conversations" he had with Raja. Neat.
hey hedgeless.
i am awaiting further instructions on operation Slay the Squid.
Goldman just wanted to say, "Fuck you very much 'Merca."
America, stand up. Do not let them get away with this, or anything for that matter. We need to kill this beast. No more riding the fence!
The Coup - Ride The Fence:http://www.youtube.com/watch?v=v10nfUUqD48&feature=related
I enjoyed the song, so thanks for that, even if I object to some of the lyrics (pro union? lol).
It's not Hank they're talking about, it's John Paulson.
DavidC
How about doing some digging into who was loading all the front month 155, 160, 165 and 170 GS PUTS yesterday and early this morning.
Tell me why someone would buy something 15, 20, 25 or even 30 points out of the money the day of, (or day before) option expiration unless they knew something already.
WHO TIPPED THE PUT BUYERS OFF? WHO ACTUALLY BOUGHT THEM??? These gains are stratospheric gains!
The 155 puts ran from 1 cent to $4.85
The 160 puts ran from 1 cent to $6
The 165 puts ran from 1 cent to $10
The 170 puts ran from 5 cents to $14
Those are truly exponential gains were as little as a $1,000 trade could have netted a cool million dollars. Think about that.
WHY WAS THIS ANNOUNCED TODAY & NOT MONDAY???????
THIS IS MASSIVE FRAUD!!!!!!
Massive Fraud? - Inside information never gets wasted, it is used. What did they know, when did they know and what did they do with the information?
These 3 Questions will never be asked by the relevant authorized Law enforcers. Way to much trouble. No best you will get is a guilty plea, a fine amount that is sufficient for Justice to 'appear' to be done along with the obligatory shuffling of the deck chairs that belong to the 'mentioned perpetrators' within this corrupt institution.
No ones going to be hurt, no institutions will be broken up, the game will continue unabated through the 'other' players. Nothing will be learnt and the money game will continue to produce nothing of any value while the taxpayer patsy's continue to have their wallets quietly emptied of whatever cash their still holding.
You want Justice for corruption - best you visit China where a wall and rifle are used within 1 hour of sentence. Not going to ever, ever, ever happen in the USA. Just the slap on the wrist then handshakes all around and back to business as usual.
BTW you answer your own question when you ask why on Friday and not Monday - Yes its that corrupt!
"why on Friday and not Monday"
It also helped distract attention from the 8 banks that went under today.
http://www.fdic.gov/bank/individual/failed/banklist.html
SEC would not file any charges against GS without Obama personal approval.
At the same time, GS apparently got advance warning to protect itself and make some.
After all, it is a civil complain instead of being a criminal one. So, GS is in a clear.
May be, after all, SEC move is not it appears to be. Looks like SEC is up to something. SEC is not in a business to get WallStreet criminals but instead to protect them.
And why did SES single out Paulson & Co. owned by John Paulson?
I would say that senior managment at GS had to know about this days in advance if not longer. GS books will be looked at. If there is a material change in exposures (selling stuff that has high beta to GS) then it would confirm that they traded on this info.
That would be a very big deal. I can't believe they would have done that. It is the dumbest move of all. There are 300 lawyers on this. My bet is GS did not front run this news.
Of course if i am wrong, then it would be lights out for GS.
Of course GS knew this was coming.
Of course they traded off the news. And while we're at it don't think Paulson didn't know, and that they didn't trade off it.
But, don't think for a second the SEC will ever find these trades.
The question should be ...." Which is a stronger force....Goldman's greed for profit on a no brainer trade vs Goldman stupidity to even try it. ?
I would bet that its greedy quench for money and massive arrogance owerwhelmed the latter. Of course as many said. The SEC is just too plain stupid to figure it out.
Let the SEC know: https://tts.sec.gov/oiea/Complaint.html
That will ease off your house in addition to your body,Links of London along with alpha wedding service afternoon with a rebound with your factor! Budget stuff to have an valuable escape including Holiday season were made to be exclusive. The actual Christmas day budget consideration need to improve the accurate feature of the following adaptable event.friendship bracelet A few of the Holiday season allowance stuff will be cyberbanking budget products, accessory enjoy Links of london rings, Links london diamond necklace, Links of London Bracelets , in addition to clothes, for example. Pancakes, roses as well as biscuit hampers or even wedding bouquets a few added very much of popular updated budget goods for the purpose of Christmas day.Wedding anniversaries usually are certainly your quoted break which has been created still incorporated extra-special along with the changed permitting assortment.Links of London charm bracelet You should try together with bless the software at a little bit of revised method because reinforce this rock band of togetherness. For the accomplice baddest all those budget things that are notable because able-bodied because fashionable. Proficiency love links of london, red wine spectacles or contact lenses or simply red or white wine, photo album, links london ukand watch might be unique simply because many of these lovable wedding service permitting recommendations. Baddest these considerably of tailored budget credit account plus gain your accomplice feel special.Any time writing about completely giftsLinks of London sale, it is usually aggressive that you search outside several baroque permitting selections. Everything that you'll cost to render disease is usually that simply accede all the likings of a once and for all boy/girl. Fine art marks and even specialized fine art, perfume, accessory prefer links rings,linksoflondon.com links of london necklaces, Links of London bracelet¡ê?frames, catalogs, exclusively pancakes, roses and also chocolate handful of of the a good deal of well-accepted once and for all money creative ideas. An easy by itself blow will add applied agreeableness for a most of the time permitting thought.
Wholesale LV Handbags
Wholesale Gucci Handbags
Wholesale Chanel Handbags
Wholesale D&G Handbags
Wholesale Coach Wallets
Wholesale LV Wallets
Wholesale Gucci Wallets
Wholesale Chanel Wallets
Wholesale LV Sunglasses
Wholesale Gucci Sunglasses
Wholesale Chanel Sunglasses
Wholesale D&G Sunglasses
Packers Jerseys
Green Bay Packers Jersey
Packers Jersey
Aaron Rodgers Jersey
Charles Woodson Jersey
Clay Matthews Jersey
Greg Jennings Jersey
Wholesale nfl jerseys
wholesale jerseys
wholesale football jerseys
authentic jerseys
Wholesale nfl jersey
wholesale nhl jerseys
wholesale hockey jerseys
discount nhl jerseys
Wholesale nba jerseys
wholesale basketball jerseys
discount nba jerseys
Wholesale mlb jerseys
wholesale baseball jerseys
discount mlb jerseys
Wholesale NCAA Jerseys
Wholesale Custom Jersey
My cooking has chi flat irons always been the target of family jokes. One evening, as I prepared dinner a cheap chi flat irons bit too quickly, the kitchen filled with smoke and the smoke detector went off. Although both of my children had received fire-safety training at school, they chi hair products did not respond to the alarm. Annoyed, I stormed through the house in zebra chi flat iron search of them.I found them in the bathroom, washing their hands. Over the loud buzzing pink chi flat iron of the smoke alarm, I asked them to chi turbo 2 inch identify the sound."It's the smoke detector," they replied in unison."Do you know what that chi digital flat iron sound means?" I demanded."Sure," my oldest chi 2 inch flat iron replied. "Dinner's ready."