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Has Goldman Settled With The SEC?
Update: Goldman settlement based on WSJ speculation. Nothing new or substantial to it, as Gasparino noted more than 2 weeks ago that Goldman would likely settle for $1-2 billion. This is just an OPEX shakeout attempt.
The latest rumor taking the street by storm is that Goldman has now settled with the SEC. We will bring you more as we get it.
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Without admitting or denying guilt..:-(
chump change for them. They can cover that in a few days of 'no losses guaranteed' trading
"has Goldman settled with the SEC?" It's pretty easy to come to an agreement with yourself.
No doubt, to make an example out of this case, the SEC has slapped GS with an unnecessarily hard punishment of $250,000.
I bet they can pay it at the same speed they earn it.
In a Flashsecond!
hey will appeal that..
Of course..
we knew they would-
an inside job
they've paid off the right people now, won't happen again. just an unfortunate lack of oversight on their part. move along ppl!
The SEC is Goldman...
Thats pretty incredible that an agreement can be made behind closed doors between SEC and Goldman Sachs involving an issue of great public importance.
But is anyone surprised? Goldman is "god's" banker remember, read the government's banker.
I really never believed this civil suit was anything more than a big circus act between the gov and Goldman to make it look like they were being tough.
While I'm sure 95% of our population either does not comprehend nor care to understand the fraud and criminality which has and is taking place on epic proportions and 60+% not even familiar with either "Goldman Sachs" or "SEC". This ended up just as both parties wanted it to. Back to porn and robbing the serfs...
...that is all.
I'm also sure that 95% of the people posting on here have very little knowledge of securities law or regulation. Would you want our government to litigate this against Goldman? Seriously? Imagine the cost to taxpayers combined with the very real chance that our gov't is outgunned by Goldman's very high-quality legal team.
Let them settle. The message has already been sent.
Yeah, it'll cost them 1 sucker on 1 tentacle. Gotta protect GDMFCSSOB Hankster.
Duuude,
OK, I consider myself pretty much up to date but this one slipped by me.
What is GDMFCSSOB Hankster? Though I'm almost afraid to ask.
Wait, I just worked it out. Forget I asked. :>)
Might be a variation of this
http://www.urbandictionary.com/define.php?term=G.D.M.F.S.O.B.
EDIT: Too fast with my post, did not notice that you had already figured it out. Sorry.
LOL
After I figured it out, I had to wash my mind out with soap. So I said it out loud to make it easier, grabbed a bar of Ivory soap and got to work. :>)
"What is GDMFCSSOB Hankster?"
My friend Tom the commercial fisherman has a better one. People fall into one of two categories:
"He's alright."
OR
"He's a worthless cock sucker..."
Tom has a black and white world... But halibut at $4 a pound or crabs at $2 a piece in cash right off of the pier... I am not arguing.
Settling with the SEC is a given. It's a civil case, and the SEC is known to be incompetent. No surprise.
Criminal charges are another matter, so the FBI should be getting to work; hopefully they'll deliver something the DOJ can't ignore.
But I expect Goldman will just throw some VP to the wolves. Maybe they can make a ceremony out of it, and nail Fab to a big, glitterball cross with a panel across the top that says, "He died for our sins."
Ooops better cover my short position and go long now.
Because the "financial reform" bill passed the Senate yesterday. Fuck corruption.
Why the quotes? It was related to financial stuff, and reformed something or other. So like, it's financial reform and all. Oh what, you wanted teeth? You're not going to get teeth from a bunch of old men who wear dentures. You'd need young men and women, who had something to lose. (Like their retirement, their home, and their kids' chance at college.)
Come to think of it, it's high time to abolish the age requirements for the Senate and House. I'd rather have young people in there that gave a shit but were incompetent than old people who don't give a shit and are also incompetent.
I concur!!
Nicely timed rumor on options expiration day.
If this is true, then it was done to calm the market fears. What bunk.
Gold-man must have just given the SEC a little "walking around money."
I don't buy it. It's OPEX and we know who can spin rumors with the best of them.
I suspect if we put the blood hounds (pun intended) on the scent of this rumor it will lead back to the blood sucker.
My bet would be the White House since they have the most to gain in stopping this slide. Our community organizer can't take questions from the English speaking press with the markets in this condition.
pls dont take the God's name in vain..
Has the SEC Settled With Goldman? - ftfy
the mainstream financial media is hyperventillating as the market "rebounds spectacularly"!
Nothing to see here folks, move right along...
Should I call Lucas and ask?
GS up 3%! No-one will stop "god's work"!
Sell the rally
Look out Canuckistanians, you could be next:
Mark Carney worked for GS for 13 years. http://www.worldlingo.com/ma/enwiki/en/Mark_Carney
eg. from http://www.worldlingo.com/ma/enwiki/en/Income_trust#The_Conservatives_propose_new_rules_for_income_trusts (emphasis mine)
While at the Department of Finance, Mark Carney engineered the Federal Conservative government's plan to tax Income Trusts at source. Carney was a Senior Associate Deputy Minister of Finance, and is expected to succeed David A. Dodge as the Governor of the Bank of Canada on February 1, 2008.[8] Carney was appointed by Finance Minister Jim Flaherty on October 4, 2007. According to Brent Fullard of the Canadian Association of Income Trust Investors, the Department of Finance also eliminated a 15% withholding tax on foreign leverage buyout loans, and created capital insertion rules that restrict growth on Canadian trusts. This creates conditions which favor foreign entities who purchase Canadian Income Trusts and are not required to comply with rules that restrict growth.[9][10][11]
On October 4, 2007 Brent Fullard criticized Mr. Carney for his handling of the Income Trust issue while working for Finance Minister Jim Flaherty. Fullard asserts "It was Mark Carney and Mark Carney alone who thought it was okay to leave out the 38% of taxes collected by the government from income trust distributions, in his fraudulent and highly intellectually corrupt scheme to rip off 2.5 million Canadians from $35 billion of their life savings, for a whole host of reasons, none of them good. No evidence took the form of 18 pages of blacked out documents[12] that constituted Mark’s idea of accountability and transparency
Guess who benefitted from that deal...
Regards
Surprisingly Carneys doing a decent job for us so far. Mind you our banks aren't your banks, despite the various subsidiaries and close ties.
The finreg seems like its really upset the financial sector. Is that champagne corks i hear popping?
NAH, when a squid gets frightened they always squirt out a little ink to try to escape.
whodathunkit?
why do i have no problems believing this particular rumor?
I bet GS offered free porn in large blocks, to sweeten the deal.
You read my mind.
Let's see, the S.E.C.
(aka 'Secure Entitlement for Crooks'
aka 'Screw Every Citizen'
aka 'Socialist Enablement Commission'
aka 'Seriously Enabling Crime'
aka 'Sex Education Council'
aka 'Sexual Entertainment Committee'
aka 'Sexual Exchange Commission'
aka 'Sexually Explicit Content'
aka 'Stop Enjoying Chatroulette'
aka 'Swallowing Executive Come'
aka 'Sex and Erotica Commission'
aka 'Security Exchange Corruption')
neogotiates a deal with GS?? In other words, the hustlers (GS) negotiated untouchable hustler status in exchange for a lifetime subscription to Hustler magazine for all the SEC execs making $200K or more? Right?
:-P
This isn't going to be settled until Goldman gets what it wants.
good one, mutant!
This isn't going to be settled until the entity known as Goldman Sachs is six feet under.
Even the sheep out there know that GS = wolf. They can smell it, and they hate it.
My prediction is that Goldman Sachs, as an ongoing concern, will not exist by 2020. It will either be burnt in the revolution, given up as a scapegoat when TSHTF by the DC/WS mafia, or it will be dismantled by law.
I already own you people. You are lucky if we pay you morts anything. It's so funny because it's money we stole from you any way. The details still have to get worked out. I am in the details.
Like my perdie smile?
didn't recognize you. How was the operation?
Shhh! I'm in character. Uh, you minion.
This picture fucking cracked me up.
Insanity
Tyler, you should've inserted "unexpectedly" in the title...
Probably pay it out of their Public Relations Budget...
The Squid has suction...Oh yeah..
$1 to $2 billion for what shouls hve been AT LEAST$50 billion.
November incumbent bloodbath. Make it happen!
Do they release all the hostages or do they hold on to a few, just in case?
before the Public gets to hear the scripted spin the crooks have to place their Bets
1-2 billion doelarrs from each of GS' brass, right? Lloyd I want your Chandelier. It will go nice in the town ballroom.
They had to settle. Otherwise, the SEC would have to take on the other major banks. Including those that it doesn't have jurisdiction to fight.
A desperate gasp before the end for the troglodytes of the SEC.
Goldman=Fed=Treasury=SEC
It hit me late last year: It was all a big sting.
It looks like a new (enh? Do I smell Cheney?) faction revealed itself and threw down a gauntlet during this eternal/interminable war between the Krauts and the Crown. The marks: The International BigFish shorting the U.S. and calling its loans during the collapse phase of the (supposedly) dying USD$$, which is (erhm, was?) way past its sell-by date.The loan-calling and shorting phase is part of "The Formula" used to wrap up a fractional-reserve Ponzi. See Argentina, hundreds of years of European history, etc.
Here's what happened instead (my theory): The GS-Fed-Treas-SEC nexus, ie., the quants/HFT, plunge-protection team, Madoff-styled Ponzis, derivatives, "produce the note" caselaw that proved SIVs non-recourse, etc. etc. buggered the whole works. Something went horribly wrong on the way to the takedown. European plans to rise from the rubble were tabled at the 11th hour (Copenhagen anyone?). NOTHING turned out the way the International BigFish expected. They were fleeced. We the lumpen-investors were collateral damage. Sorry about those eaten shorts. OK not really. Lesson: Don't short the U.S. The U.S. dollar has survived (so far) as world reserve currency,which was the whole point. Now watch them take out the EMU while sovereign wealth funds and euro-globalist diehards bray like donkeys "We'll sue!" and "You'll never work in this town again!"
Bottom line: GS will settle with its co-conspirators at the SEC (eventually), and be richly rewarded behind the scenes for an inside job well done. The Cheney (?) faction won (for now). Game over (for now). Now for the cleanup here in the states. Got JOBS? No? Rats.
Has Goldman settled with the SEC? Interesting question, but probably the wrong one. Right question is will they settle with the SEC, with a realistic but non fatal slap on rear? Answer to that is unequivocably YES.
Goldman Sachs representatives calmly told the SEC investigating panel that if they continued on the course of actually taking this to court, they would nuke the market.
These scumbags have the world by the nuts with their derivatives, and if they decide to squeeze them.......look out below.
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