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Goldman Gets Roped Into Diamondback Insider Trading Probe, Gasparino Reports
It was just yesterday that Goldman thought all of its dealings with the SEC would be over and done with: after all it is not that often that the firm gets slapped with a fine to the tune of 3 trading days' profit to neither admit nor deny it was raping its dumb as bricks European and Asian clients (the same ones who are responsible for the end of the shadow banking system) who could not realize just how massive a scam synthetic CDOs were. We hope the firm enjoyed its time away from the public's attention, because as Gasparino reports, it is about to reenter it with a thud. Quote Chaz: "Goldman Sachs, we can definitively say, is involved in this investigation through its healthcare group and through some sort of associate and potential leak to Diamondback, the hedge fund of five billion dollars that was raided yesterday. Sources are telling the FOX Business Network as the Feds are looking at Diamondback’s healthcare group, that’s were at least one Goldman Sachs banker has been roped in." When all is said and done, our money is on Goldman Sachs being "Investment Bank 2" (see here).
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Unless they charge and convict the officers and directors, they simply can't do enough harm to the squid to put an end to the insanity.
Trials followed by convictions and jail time will slow the Ponzi. Nothing else will stop the juggernaut when the consequences of the rape and thieving can be passed off to the checkbook of a corporation that lives longer than a vampire.......squid.
Agreed CD.
Something tells me this will end as a Circus commercial.
Ringling Brothers Barnum & Bailey Circus
http://www.youtube.com/watch?v=Qz5gNmPf89w
"roped in" LOL
with GS down $3 more today i think we can say; houston we've got a problem.
What happened with Abacus?
A fine that really was nothing more than a rounding error.
GS a buy?
http://stockcharts.com/charts/gallery.html?s=gs
idk. looks like it might want to test the 200 day ma at around $152. and don't you want to wait and see if an insider trading conviction is added to their resume of offenses?
When all is said and done, their campaign contributions, secret meetings, common cause oaths, ownership of the global economy thru a few Ollygarks, and zionist connections, yes, you chuckie schumer, and you George Soros and you Lord Blankfein, will result in change that amounts to replacing the carpet and the drapes; the structure however, will emerge very much intact if not even stronger.
The only way to make permanent change is a methodical series of assassinations, along the righteous line of a Vince Flynn storyline.
He who controls the squid controls the universe.
Another slap on the wrist. And some new drapes.
I can't believe the SEC has the time and resources to take on Goldman again, what with all the tranny porn they need to review....
Is it payback time for all those campaign contributions to the wrong party? Maybe change is a'finally startin to blow...right in the face of the 'crats
I personally believe Goldman Sachs is as corrupt of a bank as the world has ever seen. I give you former head Hank Paulson or John Corzine as examples of their leadership. You don't even have to include Blankfein in this image of corruption. Imagine just for a second how bad the underlings must be with these crooks in charge. The Fed needs to bring RICO charges against the firm. Anything short of this is unacceptable.
Hey Gasparino: Is that a hypothetical question....the line of the century!!!
TFRTC = To fucking rich to care!!!
To much healthcare tags appearing in these stories. O gotta find a scapegoat for low approval ratings on Obamacare.
I'm not holding my breath on convictions of anyone.
I rather think that we have reached the point that NO CONVICTIONS is simply not possible. The evidence of systemic bank fraud is literally everywhere.
No, I think you are quite wrong...and in fact, this is probably going to be very big.
If I'm wrong, I'll be one happy dude.
Until the fascist bankers and government regulators are arrested on grounds of financial fraud nothing will recover despite the proclamations of HarryWanger.
This is correct. There is no other way. Just last week, I think even Bair was floating the idea of dodging this issue...and I think the market weighed in.
As hard as they are trying to bury cases on the Rocket Docket down in Florida, there are just too many of them to hide this mess.
Is it really possible that Lloyd Blankfein has no clue what any of his associates are doing? So it would seem, which begs the next question; what does he get paid $60 million a year to do?
sacrifice the virgins?
Most CEOs are blissfully clueless as to what actually happens in their firms on the ground level; they only know the good news that their direct reports tell them that their direct reports let them know. Lloyd, however, is likely an exception to the rule.
As for what he gets paid to do? Be a figurehead, a lightning rod, face of the franchise and occasionally shout orders to get cascaded down.
Fugitive former Comverse Tech CEO to pay $54 million to settle civil action by US prosecutors. Regulators said the scheme resulted in Comverse overstating its earnings for more than a decade.
A fucking decade of cooking the books. This company is involved far more crimes than this.
"Goldman Sachs being "Investment Bank 2"
Lloyd Blank-dick won't like being #2...