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Yesterday Germany, Today UK, Tomorrow The World: Goldman's Response To Lawsuits By Everyone - Q1 Stub Bonuses!

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Sun, 04/18/2010 - 11:21 | 306599 Fritz
Fritz's picture

Goldman is a bucket shop.

Sun, 04/18/2010 - 11:36 | 306623 BlackBeard
BlackBeard's picture

and Gordon Brown is a sperm receptacle.

Sun, 04/18/2010 - 11:27 | 306607 doublethink
doublethink's picture


Blame it on the weather.


(Reuters) - The air travel chaos caused by a huge ash cloud from an Icelandic volcano has blown through to Asia, with hotels from Beijing to Singapore straining to accommodate thousands of stranded passengers.


It's global after all.

Sun, 04/18/2010 - 11:28 | 306611 sushi
sushi's picture

Looks like GS will be bailing out Greece, France, GD, UK, SP.

Pity about poor Iceland though. All they can do is blow smoke.

Sun, 04/18/2010 - 11:29 | 306612 Troy Ounce
Troy Ounce's picture

Europe wants the cash but got the ash.



Sun, 04/18/2010 - 11:31 | 306615 sweet ebony diamond
sweet ebony diamond's picture

ok. i am never going to attempt humour again after reading this:

THE LLOYD’s Prayer
Our Chairman,
Who Art At Goldman,
Blankfein Be Thy Name.
The Rally’s Come. God’s Work Be Done
On Earth As There’s No Fear Of Correction.
Give Us This Day Our Daily Gains,
And Bankrupt Our Competitors
As You Taught Lehman and Bear Their Lessons.
And Bring Us Not Under Indictment.
For Thine Is The Treasury,
The House And The Senate
Forever and Ever.



Sun, 04/18/2010 - 11:34 | 306616 doublethink
doublethink's picture


Goldman knows its days are numbered so it will pay off as much as it possibly can to its employees before the walls come crashing down.


The entire firm is "going limited." Just wait for more lawsuits...from shareholders! Godspeed, Goldman Sachs.


Sun, 04/18/2010 - 11:54 | 306631 rubearish10
rubearish10's picture

Let's calm down now. Since many GS employees are Partners, they get paid quarterly K-1's. TD, are you sure this is an unnatural payroll event?

Sun, 04/18/2010 - 11:36 | 306622 Mae Kadoodie
Mae Kadoodie's picture

Anyone catch Turbo Timmah on Meet the Press this morning?  Clearly he has no interest in seeing his Wall St buds prosecuted:



Sun, 04/18/2010 - 11:45 | 306625 Paladin en passant
Paladin en passant's picture

Might we assume Timmy is a tool? A tool being used by someone else.

Sun, 04/18/2010 - 12:05 | 306646 The Merchant of...
The Merchant of Venice's picture

It's rather poetic to see MTP ask Geithner about the reforms while he tells his own version of history of leverage in which he was a critical member of the "hide the decline" team.  Timmy can't get out from under the Summer's Bitch cloud.


Oh wait, he can because David Gregory never asks Tim about his role at the Department of Treasury.

He was only the Under Secretary of the Treasury for International Affairs during the push to regulate derivatives in the United States.

Sun, 04/18/2010 - 13:58 | 306743 anony
anony's picture

Naw, his greater fear along with that of  Lord Blankfein, summers,greespan,orszag,friedman,fuld,frank,shumer,fink,bernanke,netanyahu,rubin,

and other members of the Tribe, is a world wide escalation of anti-jewish sentiment, a backlash that would rival germany in 1939.


Sun, 04/18/2010 - 15:16 | 306852 cbaba
cbaba's picture

Totally agree with you .

Jewish bankers did similar things in germany and controlled all banking system. thats why maniac Hitler was able to get support of other germans to kill many innocent jews.

Nobody whats to talk and discuss this issue, i know its a taboo, its a genocide, but if we discuss this issue, we will understand whats going on in US and also England and European bankins system which is full of fraud and cotrolled by jewish bankers/AKA Rotshilds.


Sun, 04/18/2010 - 15:34 | 306875 Mitchman
Mitchman's picture

It takes a special idiot to speak about "Jewish Bankers " in this day and age.  Touree is not only not a Jewish banker but also has roots in one of the most anti-semitic countries (France) in the world.  Not too many Yids at Morgan Stanley or at JPM for that matter but I don't see any crosses burning at 270 Park Avenue these days.


You're a fucking idiot.

Sun, 04/18/2010 - 16:56 | 306969 ZeroPower
ZeroPower's picture

Wow, just wow.

You took one person's comment you had a beef with and turned it into a 'WALL STREET IS ANTI-SEMETIC' thing. Moronic at the very least.

Sun, 04/18/2010 - 15:51 | 306890 sweet ebony diamond
sweet ebony diamond's picture

Fuck off with the Jewish thing. Banksters come in all types. Dictators come in all types.

Sun, 04/18/2010 - 17:27 | 306999 Citizen of an I...
Citizen of an IKEA World's picture

Hey cdaba, look behind you...

It's a Jew!  And I think he's a banker!




Sun, 04/18/2010 - 11:43 | 306624 Cookie
Cookie's picture

Best weekend news for a long time....Goldman Sucks and chokes!!!

Sun, 04/18/2010 - 11:50 | 306628 Crab Cake
Crab Cake's picture

Anyone for Black Monday?

"I want a special investigation done into the entanglement of Goldman Sachs and the companies there with other banks and what happened," Brown told BBC television.

Brown may very well may wish for a "special" investigation, but much like 9/11 and 7/7 I doubt anyone in officialdom really wants answers. 

Heads must roll.  It's up to the governments to choose whether this is a figurative or literal statement. 

No taxation without representation.  Anyone here feel "represented", particularly in the areas of politics and monetary policy?  Thought not.

"Those who make peaceful revolution impossible will make violent revolution inevitable." John F. Kennedy

So what's it going to be?  Are our so called representatives cops or criminals.  I advise them to choose very very carefully. 

Rage Against The Machine: Take The Power Back


Sun, 04/18/2010 - 11:50 | 306629 Zombie Investor
Zombie Investor's picture

Let me know when they bring charges against JPM. 

Sun, 04/18/2010 - 11:51 | 306630 A Nanny Moose
A Nanny Moose's picture

Let our benefactors' renew their populist vote buying fervor.

Goldman will be fined, might even be broken up. Those who really suffered as a result of this mess, those with underwater mortgages, those with no jobs, will see not one red cent (unless some civil litigation occurs). One-Time fines will go instead, to permanently create some new debt education program, or bureaucratic watchdog to watch the watchdogs, who are watching the market. The promise, of course is to ensure that this "never happens again."

Competition and productivity will suffer. Jobs, wealth, and working conditions will evaporate into the pockets of the bureaucrats, and the politically adept.


Sun, 04/18/2010 - 11:58 | 306637 Crab Cake
Crab Cake's picture

The promise, of course is to ensure that this "never happens again."

I wish them luck with that, as the set pieces for the next act of this drama are being wheeled in as we speak.  In my estimation we are about to take another swing around the deflationary spiral; very very soon.  Many peoples eyes have been opened, many know  that this country, this world, has a disease.  There will be blood when those who shout never again's hands are stained with undeniable guilt.  The internet doesn't forget, and we are watching.

Sun, 04/18/2010 - 12:01 | 306640 A Man without Q...
A Man without Qualities's picture

Brown always stick to the line that it was "a crisis that originated in America", and while the mortgages may have been issued in the US, the majority of the securitization and especially the synthetic CDO game was very much based in the UK.  The UK regulators were as much asleep at the wheel on this (frankly the FSA lacks people of sufficient intelligence to see the scam going on.)  So, what is he going to do?  RBS paid cash to buy ABN, and they paid far too much for another badly managed firm .  

If he wants to attack the moral bankruptcy in finance, he should be as much concerned about those who bought the shit without understanding it, because they didn't really care if it blew up at a later date.  

What the buyers were too dumb to understand, but the likes of Pellegrini did was buying a CDO linked to RMBS was essentially selling a put on the US housing market for a few nickels.  JP wanted to take the risk because it was very cheap optionality.


Sun, 04/18/2010 - 12:02 | 306641 rubearish10
rubearish10's picture

Let's calm down now. Since many GS employees are Partners, they get paid quarterly K-1's, don't they? TD, are you sure this is an unnatural payroll event?

Sun, 04/18/2010 - 12:04 | 306643 williambanzai7
Sun, 04/18/2010 - 12:50 | 306692 lilimarlene1
lilimarlene1's picture

Well done, Bill! Sound's a little low, though.

Sun, 04/18/2010 - 14:39 | 306793 williambanzai7
williambanzai7's picture

Tnx--Did you try sliding the volume control on the utube screen?

Sun, 04/18/2010 - 14:02 | 306749 anony
anony's picture

Goldamn Sucks, Inc  is nothing more than a corporate shell.

The real human detritus that inhabits that shell, that concocts all this fraud will simply leave the shell and re-surface in another shell should GS be made to dissolve.

Ever try to stamp out cucarachas?


Sun, 04/18/2010 - 14:12 | 306757 mrhonkytonk1948
mrhonkytonk1948's picture

Exactly.  That's why we need DOJ to make this down low and personal.  The problem is the sociopaths, not the name on the sign. 

Sun, 04/18/2010 - 14:13 | 306758 sheeple
sheeple's picture

It appears that despite concerns that this is nothing but a staged pr campaign, the end could very well be in sight for Goldman.


Den of Thieves sequal

Sun, 04/18/2010 - 14:27 | 306775 pitz
pitz's picture

If these Goldman people are unlawfully enriched, then the government ought to go after each Goldman Sachs employee individually, for all of their salary + bonuses, for the past decade. 

My industry (technology) has been destroyed because of these people, and the malinvestment they have induced.

Sun, 04/18/2010 - 14:31 | 306784 sheeple
sheeple's picture


General engineering jobs have been destroyed in America ...

Sun, 04/18/2010 - 14:31 | 306783 Double down
Double down's picture

9 mm vaccine?

Sun, 04/18/2010 - 15:06 | 306836 MoneyMcbags
Sun, 04/18/2010 - 15:08 | 306841 Problem Is
Problem Is's picture

Gordon Brown... Quite a Resume

* Tony Blair toady

* Barry Obummer impersonator in white face...

Sun, 04/18/2010 - 15:34 | 306874 John McCloy
John McCloy's picture

  Will they investigate to see what kind of pressure the Paulson and GS funds were putting on financials and housing with naked shorting? For those kind of moves to be occuring on Bear, Wamu etc it must have been intentional to induce a quicker payout.

Sun, 04/18/2010 - 16:18 | 306920 Apocalypse Now
Apocalypse Now's picture


  • Was GS given the heads up on date of SEC action?
    • Expiration Friday
    • Could have shorted their own stock & index on inside information
  •  Which insurance company insures GS for Directors & Officers insurance?
    • This usually provides Errors & Omissions coverage
    • This would be the company to short (is it AIG???)
  •  Which companies wrote a CDO like product on GS?
    • Credit rating would now be under serious pressure which would boost CDO's
  •  Could Goldman Sachs be the next international bankers bailout?
    • This is the AIG model - use it as a conduit to bailout the int banking franchise
    • Based on bad PR GS would not last long with customers distrusting
    • Allow large lawsuits to bailout international bankers through insurance
      • Again, if AIG or another insurance co. has a huge insurance exposure to D&O



Sun, 04/18/2010 - 17:07 | 306976 exportbank
exportbank's picture

Goldman will bonus every penny and every equity scrap out to management this quarter. Slap a big enough penalty on them and you'll own the company and all the yet uncovered crap.. Win-Win for the "new" GS2 that then opens a week later - 

Sun, 04/18/2010 - 17:31 | 307002 SheepDog-One
SheepDog-One's picture

Sure looks to me like everyone from Bear Stearns to Greece to Bank of England can now elbow each other out of the way to pile onto the GS fraud bandwagon. An avalanche starts with the addition of just 1 snowflake.

I think its a turning point, this crap has gone on way too long already. 

Sun, 04/18/2010 - 19:35 | 307119 leftcoastfool
leftcoastfool's picture

I hope you're right.  In a sane world the crooks at the top of GS would be held PERSONALLY liable for any criminal activity perpetrated by the company.  Sadly, the best we can hope for is to have enough vermin... I mean attorneys... sue them into oblivion!  That will still be better than the status quo...

Sun, 04/18/2010 - 17:43 | 307015 SilverIsKing
SilverIsKing's picture

Remember this?


Maybe Obama's buddies still weren't happy.

Sun, 04/18/2010 - 18:34 | 307062 justbuygold
justbuygold's picture

You have to laugh at this ...

"The head of JPMorgan Chase in a German newspaper interview on Sunday turned against the possibility of stricter bank regulation and asked for better access for bankers to politicians".

....are you kidding me ! Dimon is tied to the hip with Washington polititans, the FED, the Treasury, etc.....and he wants more ???


Sun, 04/18/2010 - 20:11 | 307148 Pure Evil
Pure Evil's picture

Well, might as well give it all away in bonuses instead of having to give it back to all the losers that got shafted.

Sun, 04/18/2010 - 21:11 | 307183 Pure Evil
Pure Evil's picture

If Goldman goes down who will be the next boogeyman?

Where will we go to assemble and brandish our tourches and pitchforks and display our collective rage and invective against the financial Frankenstein of the 21st centruy?

If the great beast is to be served up as calamari on thousands of Japanese plates then who is to be responsible for the toxic sludge stored in the Vampire Squids ink sac?

The master criminal may go down in infamy, but it will be with the full knowledge that fools like sheep exist to be sheared.

Sun, 04/18/2010 - 22:52 | 307287 wallstreetnobody
wallstreetnobody's picture

Goldman is paying those massive stub bonuses for an obvious reason - they're afraid they're going to experience a mass exodus of their bankers.  The only reason to be afraid of that is if they expect much more in the way of lawsuits from both investors and federal regulators.  Of course any effort by the government to limit Goldman's pay or increase taxes on their bonuses will simply get the inbred portion of the population up in arms, even though 99% of them would benefit.

Sun, 04/18/2010 - 22:55 | 307290 dark pools of soros
dark pools of soros's picture

snakes left among snakes will eat snakes

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