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FCIC To Examine Goldman AIG Derivative Activity, Says Has Not Received Some Requested Information From GS

Tyler Durden's picture





 

Better late than never. FCIC also adds it has not received some information requested from Goldman.

Although what are the going to find - that Hank Paulson used taxpayer money to bail out the firm, even as Goldman was betting against AIG and made billions, was made whole on all its impaired AIG collateral, had insider information on the firm's holdings courtesy of its own CDO efforts, covered its AIG CDS while allegedly in possession of material nonpublic information, and made billions in 2007 by shorting housing? Yeah, we know all that. And the best line of the year - Did Goldman make markets or make "Pyramids" FCIC's Thomas says.

 


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Tue, 06/29/2010 - 15:27 | Link to Comment Mr Lennon Hendrix
Mr Lennon Hendrix's picture

Ruh Ro!!!

Look out below!!!!!  Platinum is staying in a downtrend, silver is going down now, if gold goes we will have a run.

Tue, 06/29/2010 - 15:27 | Link to Comment Mr Lennon Hendrix
Mr Lennon Hendrix's picture

Gold going.......

Tue, 06/29/2010 - 15:28 | Link to Comment Mr Lennon Hendrix
Mr Lennon Hendrix's picture

Yep flash crash comin'.

Tue, 06/29/2010 - 16:11 | Link to Comment sheeple
sheeple's picture

damn it I thought I will get an entry point for gold today =( [wishful thinking I suppose]

Tue, 06/29/2010 - 15:27 | Link to Comment Mongo
Mongo's picture

Yeah sure!

 

"examine"... there is a fart, there is a smell but nobody knows who farted.

 

My point is, Goldman Sachs and just about anybody with ties to the Fed will just smile and walk away as usual.

Tue, 06/29/2010 - 15:39 | Link to Comment Commander Cody
Commander Cody's picture

Wait a minute.  GS shit, stepped in it and came out smelling rosy.  And, pigs fly!

Tue, 06/29/2010 - 15:27 | Link to Comment Ragnarok
Ragnarok's picture

OT: 1041.46

 

Gold Leader panics.

GOLD LEADER: (into mike) I can't maneuver!

INTERIOR: GOLD FIVE'S Y-WING -- COCKPIT.

Gold Five, the old veteran, trys to calm Gold Leader.

GOLD FIVE: Stay on target.

INTERIOR: GOLD LEADER'S Y-WING -- COCKPIT.

The Death Star races by outside the cockpit window as he
adjusts his targeting device.

GOLD LEADER: We're too close.

INTERIOR: GOLD FIVE'S Y-WING -- COCKPIT.

The older pilot remains calm.

GOLD FIVE: Stay on target!

INTERIOR: GOLD LEADER'S Y-WING -- COCKPIT.

Now he's really panicked.

GOLD LEADER: Loosen up!

INTERIOR: DARTH VADER'S COCKPIT.

Vader calmly adjusts his targeting computer and pushes the
fire button.

INTERIOR: GOLD LEADER'S Y-WING -- COCKPIT.

Gold Leader's ship is hit by Vader's laser.

EXTERIOR: SURFACE OF THE DEATH STAR.

Gold Leader explodes in a ball of flames, throwing debris in
all directions.

INTERIOR: GOLD FIVE'S Y-WING -- COCKPIT.

Gold Five moves in on the exhaust port.

GOLD FIVE: Gold Five to Red Leader...

INTERIOR: LUKE'S X-WING FIGHTER -- COCKPIT.

Luke looks over his shoulder at the action outside of his
cockpit.

GOLD FIVE: (over headset) Lost Tiree, lost Dutch.

INTERIOR: RED LEADER'S COCKPIT.

RED LEADER: I copy, Gold Five.

INTERIOR: GOLD FIVE'S Y-WING -- COCKPIT.

GOLD FIVE: They came from behind....

EXTERIOR: SURFACE OF THE DEATH STAR.

One of the engines explodes on Gold Five's Y-wing fighter,
blazing out of control. He dives past the horizon toward the
Death Star's surface, passing a TIE fighter during his
descent. Gold Five, a veteran of countless campaigns, spins
toward his death.

Tue, 06/29/2010 - 15:35 | Link to Comment Temporalist
Temporalist's picture

Very helpful.  I will plan my financial strategy around that.

[Mental note: Only trust a Jedi to save the universe.]

Tue, 06/29/2010 - 15:41 | Link to Comment Commander Cody
Commander Cody's picture

Vader too?  Depends on your point of view.

Tue, 06/29/2010 - 15:42 | Link to Comment Temporalist
Temporalist's picture

He was Sith after he went to the Dark Side.

Tue, 06/29/2010 - 16:28 | Link to Comment TooBearish
TooBearish's picture

Beyond any rational explaination that the intensely and obviously conflicted Paulson was allowed to do this unchallenged by even the most basic checks and balances laid out in our shredded, dead and maligned Constitution. 

Shame on GW Bush and his progressive cronies and Shame on Bam Bam, the newly blessed member of the elites.

Tue, 06/29/2010 - 16:58 | Link to Comment Ned Zeppelin
Ned Zeppelin's picture

Paulson is a traitor who should be tried and put away for his crimes.

Tue, 06/29/2010 - 17:05 | Link to Comment downwiththebanks
downwiththebanks's picture

Paulson did exactly what he was supposed to do, given his role and his function within the capitalist-owned government.

Tue, 06/29/2010 - 16:32 | Link to Comment TooBearish
TooBearish's picture

And BTW look for whoever is runnig FCIC to soon recieve an offer to run GS international banking business or have at least a board position.

Tue, 06/29/2010 - 17:12 | Link to Comment imapopulistnow
imapopulistnow's picture

The unemployed shoplifter goes to jail for stealing a couple packs of twinkies.

Paulson goes on to write a book about how difficult it was to get Congress to let him steal $16 billion for his pals at Goldman Sachs.

So, what's the problem?

Tue, 06/29/2010 - 19:14 | Link to Comment Rainman
Rainman's picture

If this commission is serious ( which I doubt ), their findings will be locked up like the JFK or Nixon files until all the perps are dead. No way The Squid pulled off these massive heists without lots of paid off gubmint inside guys. The info on those players = the Squid's ace in the hole.   

Tue, 06/29/2010 - 21:36 | Link to Comment Schwantz
Schwantz's picture

The more the regulators fake their way along, the more the general public turns its crosshairs towards them.  If there's been a stealth coup, and you only realize it after it's too late, what do you do?  Just sit there and be obedient?!?

Sat, 08/21/2010 - 11:28 | Link to Comment herry
herry's picture

Certainly a lot of details like that to take into consideration. Thanks windows vps | cheap vps | cheap hosting | forex vps

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