• Steve H. Hanke
    05/04/2016 - 08:00
    Authored by Steve H. Hanke of The Johns Hopkins University. Follow him on Twitter @Steve_Hanke. A few weeks ago, the Monetary Authority of Singapore (MAS) sprang a surprise. It announced that a...

A Series Of Lucky Coincidences Involving Goldman Sachs And BP plc

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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?"

Masochists...
"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

lol

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..

http://www.bloomberg.com/apps/news?pid=newsarchive&sid=a2YHRIxyAMhI

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,

 http://www.bloomberg.com/apps/news?pid=newsarchive&sid=a2YhRIxyAMhI

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

++++++++++++++AWESOME PRICELESS

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

+1000

Bookmarked.

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).

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