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1 govt again trying to sue the other govt...let's see how it plays out!
Last time this happened two just before the top but this time a day after it tanks. Is this evidence Goldman is now frontrunning the legal system?
the story reads so much better with this music playing in the background.
btw the phrase "dead on the money" means bullseye
You have to admit though, Tyler, that it makes very entertaining viewing, in a perverse way, watching the Goldman boys with their obvious lies on CSpan.
I must say, express has come a long way in their suit construction.
another 50 Million penalty...or fine...ooops I mean settlement for a trillion dollar crime...alll is good in squidland
The Fed hasn't spent the last three years stuffing this company with money through one sided bond trades to have some legal bod take it out over some mere legal matter...
$50 million is ample compensation for mere criminal activity when the survival of the entire western financial system is at stake.
These guys are patriots for christs' sake...
Perhaps that was the true reason for yesterday's sell off. Wall St throwing a warning tantrum either over the theater debt ceiling vote or the GS subpeona. We all know it was not the ADP report since data is always ignored.
I dont go to see the pictures anymore, the theater being played out right now in politics and business is far more entertaining than any jerry bruckhimmer production i've ever seen. Maybe not david lynch status yet, but give it time.
Well brag about their commodities spec trades in this mornings WSJ, and see where that leads.
Next- JPMC, HSBC, et al.
Which is the dog and which is the pony?
Goldman down 3.5% after subpoena report. -Bloomberg
Could it be that various factions in the government are starting to fight among themselves? As the government collapses, the numbers of groups fighting for the leftovers will be epic. Goldman may find itself isolated as more groups defect from their camp to save themselves. All is not sunshine, lollypops and rainbows in Washington. They know the jig is up.
states and feds always fight. who do you think shut down spitzer for messing too much ith wall street.
Wasn't a similar GS legal event the trigger that started thethe April 2010 sell-off, and eventually led to the flash-crash? GS stock reaction today very important.
Flash Crash imminent..
I've seen this show- great title, amazing preview and a plot that goes nowhere!
Die squid die. My put options are looking pretty good right now.
i'm in the same boat, i have 10X jun 11' 1310, 10X jul 11' 1180, and 50X dec 11' 600
if you dont mind me asking, what is your target? i'm looking for an exit on my jun/jul puts. Nice to know what other like-minded-individuals are thinking.
Well my puts are on squiddy. I just exited my GS Jun 2011 135.000 put. I still have 100xGS Jan 2012 65.000 put.
lol I find it amusing how most of us have exactly the same understanding of where this market is ultimately headed. Good luck fighting the squid, this subpoena news must be music to your ears.
I love it and to see the squid squirm is an extra added bonus. About 2 weeks ago somebody opened up 4000 december 2012 65.00 puts. I'm just following the money.
Eliot ness? you need Ned Land!
Oh but you have it! In the form of Cyrus Vance Jr. son of the One-Term-Carter administration douche-bag...
The more things change... the more elite relatives fail upwards in a crony capitalist system...
How else do you explain Shrub Jr. and the Senator's son Douche-Bag Dodd??
I like the clip that Bloomberg chose to use of Blankfein in front of the investigation committee with the hecklers in the background dressed as inmates in their Prison Stripes.
Another staged "rooting out corruption" investigation that will produce nothing other than fog, smoke, and mirrors.
If we were truly eliminating corruption in this country, the financial district in New York would end up looking like a ghost town, and government offices in Washington emptied and abandoned.
+5... Excellent analysis... with ghost town analogy!
Did someone say ghost town!?!!
Nothing is going to change until the market structure itself changes.
Glass Steagall, amongst other much needed restrictions.
Otherwise, some old names will be taken out just to be immediately replaced with the same ilk after paying a few small fines.
And by the close a settlement will be announced.
Futures will be pumped into a horrific NFP report, as clearly all is going well in the financial system once again.
A settlement? Don't be so naive. They will not be tempted by the Government.
Lloyd is out in the desert as we speak, sitting under a tree. He's hungry, he's cold and he just started. After forty days and forty nights, this will all disappear and an angelic choir will sing his praises.
No one said it's easy doing the Almighty's work Lloyd, but you are just the man for the job.
Clever, real clever.
Let's see, instead of announcing this yesterday around 4:15 or later today, they pick mid-morning of a trading day.
That caused a sizeable and highly predictable move in various currencies and indices... I wonder if they they notified Goldman in advance.
Also, I wonder how much Levin and the Manhattan Prosecutor's Office made on the trade they placed just before the announcement.
Real clever fellas!
From: CREEPCommittee to Re-Elect the President1600 Pennsylvania Avenue, NW Washington, DC 20500
To: Lloyd "Doing God's Work" BlankfeinCEO Goldman Sachs200 West StreetNew York, NY 10001
Time to pony up and renew your campaign bribe commitments for 2012.
Much Love, David Axelrod
Uh... wait a minute. Maybe Levin and the Prosecutor's Office just let Goldman place the trade for them, and they're taking a cut!
The gubmint = The Mad Regulating Fury.....I'm thinking a red hood, red cape, and lightening bolt across the chest, through a ginormous G
Goldie = Evil Dr Dough....a green outfit, of course, with dollar signs everywhere
Oh, lets get back to the match! They are coming out together from the same locker room....
ding, ding, ding.....and in this corner....
Well if the Dept of Justice charges GS criminally, as they deserve, I think that will be the day we all rise from dead and ascend to heave.
Already heaving, thank you.
GS sold off the market yesterday to gather funds to short their own stock. Easy as that. /sarc
+1... No doubt!
how does Hintz's outperform rating jive with that last paragraph, this guy is either a liar or a dipshit, and more than likely both
TBTProsecute is absolute horse shit-- these bankster assholes think they commit economic genocide and also be above the law? The hubris on these scumsuckers.
1. manhattan DA is elected, there is some populist incentive (yes, even in NYC) to go after them.
2. NY gov has always resented fed intrusion/total take over of financial biz it its backyard. they want nothing more to exert power and be relevant. don't under estimate how much they want to prove they can pick up where there feds have failed/aided abbeted the banks.
3. NY politics are much more dependant on public employees, welfare recipients and pissed off people who see the bankers in person then big national party money. It is good politics to go after them.
again, the feds will do all they can to thrwart this.
Convictions, if any should arrive just in time for a presidential pardon.
Again AG Holder at the DOJ is a great big pussy.
Make that VAG holder.
Oldy but classic..
Daily Show: These F@#king Guys - Goldman Sachs
Goldman isnt TBTF. I wish these industry scumbags would stop perpetuating that myth.
a guy named Levin suing Goldman?? why not just make a musical? It would be less theatric
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