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A Series Of Lucky Coincidences Involving Goldman Sachs And BP plc

Tyler Durden's picture


Earlier, when observing the US AG disclosure of a civil and criminal investigation into BP plc, we noted in passing that BP's former Chairman, Peter Sutherland, who left the firm is a Chairman of Goldman Sachs International. Mr. Sutherland holds some other interesting titles, including a position on the Trilateral Commission, he was a chairman of the London School of Economics in 2008, he is a UN special representative for migration and development; he was the founding director-general of the World Trade Organisation, he had previously served as director general of GATT since July 1993 and was instrumental in concluding the Uruguay GATT Round Negotiations. Needless to say, we focused on the Goldman relationship. When digging deeper, we uncovered some amusing correlations, most notably between the BP plc sellside ratings by Goldman BP analyst Michelle della Vigna and the Goldman Sachs Asset Management holdings of BP plc. These are summarized on the attached chart.

And in case this is not enough, another way to visualize Goldman's rating history, together with price targets on BP is presented below, straight from GS itself:

As the first chart above demonstrates, there is an "odd" correlation between Goldman's sellside sentiment on the stock, and the amount of stock held by Goldman's asset management arm, especially evident in the days between December 31, 2009 and March 31, 2010, when despite a recent Buy rating attached to the firm, GSAM sold off more than 40% of its stake in the name. On December 31, Goldman held 71 million BP shares, and three months later this number went down 42.5 million. Another oddity is that back in 2008, when GS had the stock at Neutral, GSAM doubled its stake in the firm from 28.8 million shares to 57.3 million days before Ms. della Vigna raised the stock to a Buy, albeit if only for just over a month. Oddly enough, in the half year period when Goldman was telling its clients to Sell the stock, between 3/31/2009 and 10/28/2009, GSAM holdings declined by a whopping -3.9%.

Yet while the fact that GSAM did not follow the recommendations of its very own analyst is not peculiar. We have long pointed out that Goldman does precisely the opposite of what it advises its "clients" to do. What is slightly more troubling is the combination of Mr. Sutherland's departure from BP effective January 1, the release of his fiduciary obligations to BP shareholders, the upgrade of BP by Goldman from Neutral to Buy 4 days before Sutherland's full, and non-conflicted return to the GSI Chairmanship, and last but not least, the dumping of 28 million BP shares by GSAM in the next three months, an act which has saved the asset manager roughly GBP50 million.

We are confident that all of the above is purely coincidental.


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Tue, 06/01/2010 - 21:58 | 388433 Nolsgrad
Nolsgrad's picture

you guys are sick! in a good way! I'd like to see this with that BOA call on shorts for the energy sector and expect similar outcomes.

Tue, 06/01/2010 - 22:00 | 388438 breezer1
breezer1's picture

who does business with GS anymore besides crooks and victims?

Tue, 06/01/2010 - 22:51 | 388537 Alfred E. Newman
Alfred E. Newman's picture

fine people who just want to break even before the pull out.

Wed, 06/02/2010 - 07:46 | 388994 idea_hamster
idea_hamster's picture

Before the "pull out" comes the donkey punch.

Wed, 06/02/2010 - 01:22 | 388777 Problem Is
Problem Is's picture

"who does business with GS anymore besides crooks and victims?"

"a sexual perversion characterized by pleasure in being subjected to pain or humiliation especially by a love object —"

Which begs the question:
Is GS the "sexual perversion," the "humiliation" or the "love object"?

Tue, 06/01/2010 - 22:00 | 388439 DeweyLeon
DeweyLeon's picture

If only we could find someway to format this information into Tranny pron code maybe, just maybe, it would get the SEC's attention.



Tue, 06/01/2010 - 22:17 | 388470 Matto
Matto's picture


Wed, 06/02/2010 - 00:44 | 388722 scaleindependent
scaleindependent's picture


Wed, 06/02/2010 - 01:27 | 388782 Problem Is
Problem Is's picture

Where are two places chicks with dicks are employed?
Tranny porn and female law firms!

BAH HAH-Hahah-ha-hahah-ah-hah-ah....

Sorry... I had to...

Wed, 06/02/2010 - 05:30 | 388931 jeff montanye
jeff montanye's picture

the former has chicks with dicks; the latter chicks with balls.  there's a difference.

Thu, 06/10/2010 - 01:41 | 405320 Problem Is
Problem Is's picture

Noooo... Attorneys are Dick Heads
Therefore, Female attorneys are chicks with dicks. Which also makes them eligible for:

"SEC Top Tranny Porn IV:  Regulator Chicks With Dicks"

No Balls. Case closed.

Tue, 06/01/2010 - 22:06 | 388451 TheGoodDoctor
TheGoodDoctor's picture

So they sold off before the oil spill?

Tue, 06/01/2010 - 22:32 | 388479 silvertrain
silvertrain's picture

yup, BP new they had a problem with that well in March..

Tue, 06/01/2010 - 22:55 | 388546 TaggartGalt
TaggartGalt's picture

That link is dead or the story has been pulled... anyone have a copy or another source? Thanks.

Tue, 06/01/2010 - 23:14 | 388567 silvertrain
silvertrain's picture

Sorry I guess they killed it, It was on bloomberg sunday.

let me try again,

Tue, 06/01/2010 - 23:54 | 388654 TaggartGalt
TaggartGalt's picture

Thanks, that worked. 

Wed, 06/02/2010 - 01:54 | 388801 theoilyboy
theoilyboy's picture

well control problems, losses, and stuck pipe are not uncommon in that sort of well and not directly related to what happened with the blowout.  There are tons of smoking guns leading to this blowout, but that is not it. 

I do this stuff for a living and passionately hate BP for the life change they are causing the rest of the industry.  Their incompetence is mind-blowing.  About fifteen things they did right before and directly contributing to the blowout that no one else in their right mind would do. Thanks BP.  Beyond Pathetic.

Wed, 06/02/2010 - 04:49 | 388917 bjennings
bjennings's picture

The smoking gun is the correlation of GS trading activity in BP timed with the well problems and if this is just par for the course type stuff, why did BP hire a consulting firm to help them respond to oil spills 6 weeks before the explosion?

Wed, 06/02/2010 - 05:35 | 388932 jeff montanye
jeff montanye's picture

please share your expertise.  thank you.

Sun, 06/06/2010 - 06:08 | 397697 breezer1
breezer1's picture

another profitable diversion from the collapse du jour.

Tue, 06/01/2010 - 22:09 | 388457 Nihilarian
Nihilarian's picture

How else do you think GS has a perfect trading quarter? Coincidence!

Tue, 06/01/2010 - 22:19 | 388475 koaj
koaj's picture

ELAINE: Well, I mean, he was in the apartment, and then it's gon and it's in your apartment.

RAVA: Maybe you think we're in cahoots.

ELAINE: No, no.. but it is quite a coincidence.

RAVA: Yes, that's all, a coincidence!

ELAINE: A big coincidence.

RAVA: Not a big coincidence. A coincidence!

ELAINE: No, that's a big coincidence.

RAVA: That's what a coincidence is! There are no small coincidences and big coincidences!

ELAINE: No, there are degrees of coincidences.

RAVA: No, there are only coincidences! ..Ask anyone! (Enraged, she asks everone in the elevator) Are there big coincidences and small coincidences, or just coincidences? (Silent) ..Well?! Well?!..

Tue, 06/01/2010 - 22:22 | 388481 onlooker
onlooker's picture

Tyler, this is a real blowout story. Maybe I don’t see this correctly, but it looks way bigger than BP/gusher/Goldman/Obama BP contributions/and doom in the Gulf. This is a killer story, and I hope it does just that to the perps involved. If this is somewhat original research and thinking it is bloody more than brilliant, and just by god great. Please continue and don’t never leave us.

Tue, 06/01/2010 - 22:26 | 388486 silvertrain
silvertrain's picture

 Well, Andruw maquire has emails and taped phone conversations with the cftc on jpm silver manipulation and doj is sitting on that doing nothing..tbtf

Tue, 06/01/2010 - 22:24 | 388483 rando
rando's picture

Lemmee tell ya dem guyz aint dumb. Maybe get a blissta on yo little finga, maybe get a blissta on yo thumb!  (dire straights)      Get yo Money fo nothing....chicks for free.    

Tue, 06/01/2010 - 22:43 | 388520 sushi
sushi's picture

Wrong verse:

Money for nothing . . . upticks for free

Tue, 06/01/2010 - 23:37 | 388619 Missing_Link
Missing_Link's picture

Now look at them yo-yo's

That's tha way you do it

You play flash trading on the NYSE

Tue, 06/01/2010 - 22:26 | 388484 Platypus
Platypus's picture

Told you guys...this oil spill is just a hoax!

BP is a sneaky company just like GS......


Now BP can put some BS loss against their profit and get rid of a lot of taxation.

Tue, 06/01/2010 - 23:38 | 388626 Missing_Link
Missing_Link's picture

Ahh, I get it!  They did it scare customers away from oil and boost their flagging "green energy" initiatives in the process.

Tue, 06/01/2010 - 22:24 | 388485 trillion_dollar...
trillion_dollar_deficit's picture

Peter Sutherland's Wiki page reads like something straight out of an Alex Jones NWO diatribe.

Wed, 06/02/2010 - 00:00 | 388669 Careless Whisper
Careless Whisper's picture

Is this what you're referring to:

He is on the steering committee of the Bilderberg Group[citation needed], a chairman of the Trilateral Commission[1] and vice chairman of the European Round Table of Industrialists.[2]

Pure scum, if you ask me. And now you know why Barry has done nothing, nothing, and more nothing, but give speeches. Barry is just another puppet for these people.

Wed, 06/02/2010 - 03:30 | 388870 Wilderman
Wilderman's picture

Barry doesn't know what else to do. 


If you organize communities for a living, hell yeah, you go give a speech to show you're on top of things. 


Unfortunately, this doesn't translate to real world activities, of which unexpected disasters are a part.


Christ, why can't we elect a leader or two?  We have many politicitians, but no statesmen.

Wed, 06/02/2010 - 09:39 | 388961 anony
anony's picture

By no means am I defending theBamster, a lightweight politician with zero ability.

However, there are no men or group of men in the country who can "lead" the disUnited States. It's too big, too complicated, too diverse, and too spread out.

This is the failure of epic proportions that Franklin implied when he told the lady what happened: "It's a republic, ma'am, if you can keep it."

We are expecting light years too much from our government, and they, in order to keep sloughing at the trough like monstrous hogs, keep promising that which they cannot ever deliver for their own interests above all. They get a few years to gather to themselves and their contributors enough wealth to take care of generations of their heirs and then, like clinton, hang around to keep an eye on any potential danger to their stored wealth.

This country needs broken up into manageable pieces. Short of that, you are wasting precious neurons sorrowing over the lack of statesmen, who also couldn't govern 360,000,000 soon to be 400,000,000 and then 500,000,000 people who don't much care for one another, so different from one another as to be from different planets.

Divide and conquer works both ways. In this case, a division of the disUnited States is the only possible way to rein in the chaos.

Even a country as homogenous as Japan, where practically everyone is from one set of black-haired genes, they have had 4 PMs who barely last one year.

When are people going to get it that governance has spun out of control? That no man can presume to govern a majority any more because there is no majority, just a series of minorities with diametrically opposed wants, needs, perversions, and secrets, the weight of which is dragging the entire globe down into itself, like a black hole?

Wed, 06/02/2010 - 07:32 | 388987 Careless Whisper
Careless Whisper's picture

Is this what you're referring to:

He is on the steering committee of the Bilderberg Group[citation needed], a chairman of the Trilateral Commission[1] and vice chairman of the European Round Table of Industrialists.[2]

Pure scum, if you ask me. And now you know why Barry has done nothing, nothing, and more nothing, but give speeches. Barry is just another puppet for these people.

Tue, 06/01/2010 - 22:27 | 388487 M.B. Drapier
M.B. Drapier's picture

*reposts comment*

Here's a nice little muckracking bio of Sutherland from 2007:


This week's damning report on the 2005 explosion at BP's Texas City oil refinery in the US cut short chief executive Lord John Browne's career at the head of Britain's largest company. However, BP chairman Peter Sutherland seems to have emerged entirely unscathed from the debacle.

The report on the March 2005 explosion, which killed 15 workers and injured a further 170, by former US Secretary of State James Baker didn't pull any punches. He concluded that BP's US refineries were an accident waiting to happen.

A few days before the report Browne announced that he would quit as BP chief executive next July, 15 months ahead of schedule.

But where was Sutherland, who has been BP chairman for the past decade, while all of this controversy was swirling around the company?

A bit like T.S. Eliot's fictional cat McCavity, it seems Sutherland wasn't there.

But that article actually misses the full highlights of Sutherland's (un)involvement with corrupt and periodically insolvent Irish bank Allied Irish Bank[s]. (No, not Anglo Irish Bank, that's a different ... Yes,that Allied Irish, this week's bronze-medal Euribor dog.) In 1991, while AIB was running a tax-evasion scam for a good proportion of its retail customers, Sutherland was involved with the departure of the bank's internal whistleblower. (Apparently for unrelated reasons.) In addition, FitzGerald was the man who, just a few years earlier, had as Taoiseach (ie. prime minister) authorised the then-most-recent panic bailout of AIB. (See Shane Ross' The Bankers and the linkdump.)


Tue, 06/01/2010 - 23:01 | 388555 knukles
knukles's picture


Tue, 06/01/2010 - 23:28 | 388606 M.B. Drapier
M.B. Drapier's picture

Thankyou! Here's a little more: mostly just editorial colour, but there are some extra nuggets of fact as well. How could I have forgotten about Sutherland's Royal Bank of Scotland gig?

Tue, 06/01/2010 - 23:52 | 388645 Miles Kendig
Miles Kendig's picture

Absolute classics.  These damn correlations keep cropping up everywhere...

This rallying cry might be more impressive if Sutherland had girded his own loins and shown some mettle when “we” really needed him to do so.

ROFLMAO  No such thing as shared sacrifice for those at the top.  Then again, Sutherland is a prime example of an Irishman that has gone over the sea. 

Tue, 06/01/2010 - 23:23 | 388593 illyia
illyia's picture



Tue, 06/01/2010 - 22:32 | 388494 walküre
walküre's picture

BP stock traded volatile.

Too volatile NOT to have squid manipulation written all over it.

Including the "rumor" that TOP KILL had shown success which was published in L.A. Times and lead to a stock jump.

When the shit hit the fan, the rig blew up and the damage was obvious to the insiders, they used every trick in the book to offload their positions up until today.

Including coercing BP management into making statements.

My conclusion after reading and hearing various analysis reports about the situation below is that there never was a viable option to plug the hole. The attempts at plugging the hole did one thing and one thing only, they prolonged the decline of BP stock and allowed certain parties to offload their stock to buyers who didn't understand the full story or had limited access to the information.

BP is done. The company will be sold off in pieces over time. 

Think GM.

Short the hell out of that company.

Tue, 06/01/2010 - 23:40 | 388629 Cursive
Cursive's picture

My conclusion after reading and hearing various analysis reports about the situation below is that there never was a viable option to plug the hole. The attempts at plugging the hole did one thing and one thing only, they prolonged the decline of BP stock and allowed certain parties to offload their stock to buyers who didn't understand the full story or had limited access to the information.

Straight outta "Confessions of a Stock Market Operator, Millennial Edition."  Thanks for this analysis.  You hit the nail straight on the head.

Wed, 06/02/2010 - 03:38 | 388876 Wilderman
Wilderman's picture

Perhaps this explains the hinky topping action in BP stock begininng 4.16.10?

Wed, 06/02/2010 - 05:43 | 388933 jeff montanye
jeff montanye's picture

chippy's not getting prada next month.

Wed, 06/02/2010 - 06:46 | 388966 anony
anony's picture


Tried, none available at my broker. Looking at puts, way pricey.

Tue, 06/01/2010 - 22:34 | 388501 Turd Ferguson
Turd Ferguson's picture

GS uses their own sellside research to frontrun their customers? No? Really?

Tue, 06/01/2010 - 22:38 | 388506 Al Huxley
Al Huxley's picture

Those guys are soo lucky!  I wish I had their instinct for the market.

Tue, 06/01/2010 - 22:46 | 388524 PhD
PhD's picture

For that you first need to find god

Tue, 06/01/2010 - 22:41 | 388514 rando
rando's picture

With a 16 billion dollar pool of moola for the penthouse pedigreed at goldmann-sachs(jan 21 2010) to divvy up in bonus funds(exorcised bailout money) what is left to prove. They own this joint!  Comes with a lifetime guarantee. How comforting.

Tue, 06/01/2010 - 22:46 | 388523 buzzsaw99
buzzsaw99's picture

They probably sold all those shares to calpers. lololololololol

Wed, 06/02/2010 - 05:46 | 388936 jeff montanye
jeff montanye's picture

apparently there are obama contributors and then there are obama contributors.  (god helps them who help themselves).

Tue, 06/01/2010 - 23:03 | 388528 Pure Evil
Pure Evil's picture

Ah, to be Goldman Sux with a President, along with FOB's over at Treasury and FedRes, (that's Friends of Blankfein for all you lightweights), in my pocket along with practically every Federal watchdog agency at my beck and call, all the while looking out upon the golden fruited plain with nothing but ignorant sheep grazing like a horn of plenty ready for the shutes leading to the shearing barn.

Life IS Sweet!

Wed, 06/02/2010 - 05:49 | 388938 jeff montanye
jeff montanye's picture

that in the front is a shearing barn but the big building behind it doesn't smell like a shearing barn.

Tue, 06/01/2010 - 22:51 | 388538 rando
rando's picture

An administration at thine beck and call.   what say ye?

Tue, 06/01/2010 - 22:55 | 388544 M.B. Drapier
M.B. Drapier's picture

Here's an interesting TV show featuring Peter Sutherland: at 15:40 he's talking up peak oil. (I disassociate myself from some of itsalargeworld's chosen tags for the YouTube video.)

Tue, 06/01/2010 - 22:58 | 388552 digalert
digalert's picture

To coin a term out of Washington lately:

"we need to put our boots on the neck of Golden Slacks"

Tue, 06/01/2010 - 22:58 | 388553 lizzy36
lizzy36's picture

You do good work Mr. Durden.

Tue, 06/01/2010 - 23:05 | 388564 Fred Hayek
Fred Hayek's picture

Is it "beck and call" or "beckon call"?  I thought it was the latter.

Tue, 06/01/2010 - 23:09 | 388575 rando
rando's picture

most certain you are correct sir. many thanks,R

Tue, 06/01/2010 - 23:33 | 388604 Pure Evil
Pure Evil's picture

Interesting tangent on the use of "Bekon call" and "beck and call"


It's just the colonists way of bastardizing the Queens English.


Tue, 06/01/2010 - 23:05 | 388565 rando
rando's picture

The problem i have lately is that while i believe i have entered deep into the "Age of Information" it becomes more appearent that i have to swim thru so much mis-information to get there.   really enjoy the kaleidoscope that is offered here.  good eve all.

Tue, 06/01/2010 - 23:10 | 388576 lsbumblebee
lsbumblebee's picture

Meanwhile, back in the States, the flaming shitheels and the good ol' boys think America is the promised land of entrepeneurism, and we all have the same chance to go from rags to riches.

Wed, 06/02/2010 - 00:29 | 388706 Mr Lennon Hendrix
Mr Lennon Hendrix's picture

Yes, they are the shithead entrepreneurs of tomorrow!  Have the bought the Hollywood Futures Index?  Soon, soon........

Wed, 06/02/2010 - 03:42 | 388878 Wilderman
Wilderman's picture

I have met the entrepeneurs of tomorrow here in America, and they own livestock, have access to land, aren't afraid to work hard, and can drop any target within 200 m.  Life is good.  And they already know they're rich.

Tue, 06/01/2010 - 23:11 | 388578 GeoffreyT
GeoffreyT's picture

TD, that was sublime. It justifies every dark thought that anybody with a brain harbours about sell-side research.


Australia might be too small a market for the likes of cymro33, but some of the most flagrant "sell side research to help out the other side of the Chinese Wall" was done in 200n by the House of W to help a well-known NZ asset manager offload a huge stake in James Hardie.

The manager was looking for someone to help them offload a big block; the House of W said they could get it done in a week.

The following tuesday, a sell-side report rated the stock a Strong Buy, and the House of W did the entire block on an internal cross - thereby gloving brokerage on both sides of the transaction.


I also recall a block of 22 million shares in a biotech company (Grib-something)... an insto dealer at the House of U wanted to get rid of them, and the sell-side wrote the report and dealt them out to their own clients.


Happens all the time, even in small markets where it doesn't matter.






Tue, 06/01/2010 - 23:25 | 388596 Cheeky Bastard
Cheeky Bastard's picture

Pottery Class > LSE

Believe me on this one.

Thu, 06/10/2010 - 21:04 | 388939 velobabe
velobabe's picture

6th RULE:


Thu, 06/10/2010 - 21:07 | 407353 velobabe
velobabe's picture

are you making fun of me? or another abbreviation would apply.

artists, think differently than say an academia mind.

but believe me, this society needs people like me to smooth the edges.


LSE - London School of Economics and Political Science - Home
Tue, 06/01/2010 - 23:27 | 388602 Illya Kuryakin
Illya Kuryakin's picture

More evidence for the SEC to shitcan.            

Tue, 06/01/2010 - 23:50 | 388650 WTF
WTF's picture

But Of Course...

Tue, 06/01/2010 - 23:58 | 388667 MsCreant
MsCreant's picture

The greatest "crime family/mafia/grifters"  that ever lived.

Wed, 06/02/2010 - 00:32 | 388703 Mr Lennon Hendrix
Mr Lennon Hendrix's picture

Nicolas Cage will beg to differ, as he says, "My family comes from a long line of highwaymen."  Cage vs. the Squid!  Coming to the Hollywood Futures Index soon!

Wed, 06/02/2010 - 00:06 | 388674 colorfulbliss
colorfulbliss's picture

Excellent work! What is so awesome is that i can tell this story to my co-workers tomorrow WITHOUT my tinfoil hat on. The times they are a-changin!


"[BP's] goal now isn't to remove the oil from the water, but to remove the water and dead shrimp from the oil" The Daily Show, June 1, 2010

Wed, 06/02/2010 - 00:19 | 388693 Akrunner907
Akrunner907's picture

Brings a whole new meaning to to the term "market maker".

Wed, 06/02/2010 - 00:36 | 388710 palmereldritch
palmereldritch's picture

In light of Goldman Squid’s oily ink in the Gulf perhaps it would be worthwhile and timely to examine the topic of shareholder’s liability in the context of environmental damage
(considering the EPA now considers CO2 to be a toxic poison, the BP Gulf disaster should be the ecological equivalent of Chernobyl and one would think the EPA should support environmental litigation accordingly)

A quick Google search produced this article:
that dates from 1999...(if any legal talking guys out there can update the current statute and case law situation, it would be appreciated...)

....this may be a scenario where the Gulf States’ AGs could litigate BP and GS (if they are indeed a shareholder in conflict) into non-existence with the added bonus of de-monetizing some globalist Bilderbergers and European aristocracy shareholders (they certainly have the trillionaire deep pockets) as well as the usual central banking shareholders along the way for good measure in the process....



The "corporate veil" that customarily protects a shareholder from corporate liability may not, in the context of environmental liability, provide the protection that shareholders expect in other circumstances. The veil may be "pierced" if the requisite elements of that legal theory can be proven. In addition, upon a showing of some ability of the shareholder to "control" or "direct" the hazardous materials activities of the corporation (based on the shareholder's percentage interest in the corporation or other relevant facts), the veil will be entirely ignored and environmental liability will be imposed upon the shareholder.

In fact, most environmental lawyers believe that where no other responsible party is economically capable of responding to an environmental problem, the courts may go so far as to hold a major shareholder responsible for environmental remediation and response costs even in the absence of control or participation in the corporation's management. This belief is consistent with several federal court opinions which discuss at length the propriety of requiring persons who have benefitted (economically or otherwise) from the past hazardous materials practices of the corporation or who stand to benefit from remediation of contaminated property or correction of illegal conditions, to bear the attendant environmental costs before the burden of such costs are passed on to the average taxpayer. [end]

Could this be the Squid’s Ahab?
  Calling all lawyers.....

Wed, 06/02/2010 - 06:04 | 388945 jeff montanye
jeff montanye's picture

anything's possible but they must deal with the fact that the only time the obama administration "looks backward" is to prosecute people blowing whistles about crimes which date from the bush administration.  never the crimes, just those who reveal them.  this core principle can probably be generalized to include all prior administrations.

Wed, 06/02/2010 - 03:41 | 388877 scaleindependent
scaleindependent's picture

Serendipity Bitches!

Wed, 06/02/2010 - 04:19 | 388897 Innocent Bystander
Innocent Bystander's picture

I've kinda followed this Goldman behaviour for a while, and few of my buddies (on W St.) thought I was crazy, this was back in 07 when I mentioned my this..Well great job ZH..
Note BP is not the only stock in the oil might also want to checkout.. lets see maybe RIG behavior going back a couple a years. IB

Wed, 06/02/2010 - 04:46 | 388913 williambanzai7
Wed, 06/02/2010 - 05:02 | 388921 London Dude Trader
London Dude Trader's picture

On a related note, former BP CEO Lord Browne was also on the GS board of directors until he was forced to resign from BP after he lied in court in an attempt to prevent publication of stories about his homosexual private life. 

Wed, 06/02/2010 - 05:51 | 388941 Sudden Debt
Sudden Debt's picture

Tyler, what do you think with DO as this one is owned by institutions for 95%.

Do you think they will one day take their loses and sell or hold long term?

Wed, 06/02/2010 - 06:21 | 388952 uzbek
uzbek's picture

What does BP mean? Buy, Please?

Wed, 06/02/2010 - 08:10 | 389020 tip e. canoe
tip e. canoe's picture

not to defend ben fulford's loony ravings, but the elite allegiances he sketched are actually lining up quite neatly.   what i would like to know is where the queen & prince chuckie fit into all this.

Wed, 06/02/2010 - 13:00 | 389708 Arm
Arm's picture

The guy is not so bad if you meet him.  Nice guy, very educated.  Gave the speech at my graduation. 

All we prove here is that he is hugely influential. GSAM is huge. It sells and buys shares in hundreds of corporations every day.  I think it is a very clear stretch to say BP purposefully caused the spill or that Sutherland recommended dumping the shares.

Sorry to say Tyler but with the evidence presented there is not enough to even setup a nice conspiracy theory. 

You know I send kudos when they are deserved.  This is not the case.

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sun1's picture

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sun's picture

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sun's picture

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