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Goldman Implicated In Heinz Insider Trading Probe

Tyler Durden's picture





 

When the news broke of the SEC's action against the HNZ call option insider traders, and we posted the full SEC charge against the perpetrators whose actions Zero Hedge reported on first, we asked this regarding one of the entities named: "the trade occurred through an "omnibus account located in Zurich, Switzerland in the name of GS Bank IC Buy Open List Options GS & Co c/o Zurich Office (the "GS Account")." Does GS stand for Goldman Sachs one wonders?" This followed our prior post, rhetorically titled "Guess Who Was Buying HNZ Stock From Its Clients", with the answer of course being Goldman Sachs, which had had HNZ stock at a Sell rating for months, and which just days before reiterated its negative sentiment. But for the most part the post was written in jest. Turns out the joke was on everyone else, because just as we feared, or rather knew, Goldman was indeed implicated all along.

From Reuters:

Goldman Sachs Group Inc is cooperating with a U.S. Securities and Exchange Commission probe into insider options trading in H.J. Heinz Co before the food company announced it was being acquired, Goldman said on Friday.

 

Earlier in the day, the SEC filed suit against unknown traders using an account in Switzerland to buy options in Heinz before the company was purchased. The SEC suit does not explicitly name Goldman Sachs but refers to the account in Switzerland as the "GS Account."

While none of this is surprising, we do find it curious that from "Vampire Squid", Goldman Sachs has now metastasized into "he who must not be named."


 


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Sat, 02/16/2013 - 11:41 | Link to Comment edb5s
edb5s's picture

Just doing God's work.  Nothing to see here.

Sat, 02/16/2013 - 11:47 | Link to Comment redpill
redpill's picture

Seems like no matter which rock you lift up, there's a little Goldman that scurries away like a roach.  You can almost hear the legs swish as it madly attempts to get its filthy shit-eating body out of the light of day.

Sat, 02/16/2013 - 11:53 | Link to Comment MrX
MrX's picture

did somebody say roach?

enjoy: https://vimeo.com/53192345

Sat, 02/16/2013 - 11:59 | Link to Comment gmrpeabody
gmrpeabody's picture

I have it directly from Eric Holder (or very shortly will have, anyway) that there won't be enough evidence to bring charges...,

They will not make it to court.

Sat, 02/16/2013 - 12:13 | Link to Comment Spider
Spider's picture

Yup thats the sad thing about our justice system, nothing in the end will happen (maybe a paltry fine if anything).  This country is going downhill fast because there is inustice everywhere...

Sat, 02/16/2013 - 12:38 | Link to Comment nope-1004
nope-1004's picture

Greenspan:  The stock market is not only a leading indicator to economic recovery, but a major cause of it.

Clearly this economy is going to get better, with particular thanks today to Jesse Jr. and Goldman.  Now if we could just have 100% insider trading, reduced margin requirements to 0%, and more corporate Buffet-style theft, just think how well off main street would be !!

Wonder what variable the Fed uses for Theft in their economic models as we 'recover'?

 

Sat, 02/16/2013 - 12:40 | Link to Comment Bananamerican
Bananamerican's picture

"Turns out ... Goldman was indeed implicated all along".

Cool.

Now let's see some more of those sweet ass Goldman charts

Sat, 02/16/2013 - 13:50 | Link to Comment TruthInSunshine
TruthInSunshine's picture

@nope - Greenspan actually said, and I'm doing my best merely to be precise here, that equity prices are determinative of 6% of the change in growth of GDP (which is probably some errant stat that he pulled from his demented asshole or arrived via some form of tortuous butchering-- or was a statistic that was fed to him by someone else that regurgitated mindlessly).

However, he not only came close to Irving Berlin's infamous (and 1929 pre-market crash) "stock prices have reached what appears to be a permanently high plateau" statement, but absolutely REPEATED IT ALMOST VERBATIM - check the cnBSc video of his interview with Maria "WhoooSheGotAbigAss" Bartiroma beginning at the two minute and 30 second mark.

He also said that the sequester was all but guaranteed, and made some other flippant, casual statements of "Greenspaniasms" (a Greenspaniasm is a statement made in such a way that it's treated as if it should carry tremendous weight and credibility, when in fact, the opposite is true, based on the accuracy -- or lack thereof to be more precise -- of his past predictions).

Sat, 02/16/2013 - 13:58 | Link to Comment BaBaBouy
BaBaBouy's picture

It's OK ... Just One Call From Mr. FineBlank And The Whole Scandall Will Vaporize Into Thin Air ...

 

Business As Usual...

Sun, 02/17/2013 - 00:54 | Link to Comment Harlequin001
Harlequin001's picture

So, by not naming the 'GS Account" properly the SEC are hoping to get away without charging them as well eh?

TBTP - Too Big To Prosecute.

Sat, 02/16/2013 - 14:44 | Link to Comment the misanthrope
the misanthrope's picture

that's quite a slip there truth - we know you mean fisher, not berlin .

Sat, 02/16/2013 - 15:10 | Link to Comment TruthInSunshine
TruthInSunshine's picture

Right. I was thinking of "Blue Skies" (from the great crash/depression era), probably.

Blue Skies - 1927 - Irving Berlin
Sat, 02/16/2013 - 15:11 | Link to Comment 11b40
11b40's picture

It would make a great play.  Take it to Broadway.

WALL STREET!  The Musical!

After all, look at how successful Les Miz has been.

Sat, 02/16/2013 - 17:12 | Link to Comment CIABS
CIABS's picture

TruthInSunshine:  Sorry, don't have time to watch the video, but the zerohedge reports says that he said "6% of the change in the growth in GDP results from changes in the value of stocks and homes."  So, not even 6% for stocks.  So how much?  3%?

This theory that reflating stocks (and other assets) will bring the economy back to what they call health seems to me like a cover for giving elites the opportunity to sell high and then to continue shaking the stock-market tree as they've been doing since the end of 1994.  Not a new and original theory, I realize.

Sat, 02/16/2013 - 18:54 | Link to Comment TruthInSunshine
TruthInSunshine's picture

Good catch. It's hard enough to follow him when he's even semi-lucid, which is rare.

Sun, 02/17/2013 - 18:11 | Link to Comment HoldingHemen
HoldingHemen's picture

So lets conclude; pumping some trillions into the economy, thus yielding a result of inflated securities prices, and what do we have? Yes of course Mr. Greenspan, an economy much better than before.

Sat, 02/16/2013 - 18:23 | Link to Comment azzhatter
azzhatter's picture

Blankfuck probably put a listening device on the rubber ducky in Warren's tb. He may have some intel on Becky Rottencrotch too

Sat, 02/16/2013 - 21:52 | Link to Comment philipat
philipat's picture

Lets see, they made about $2 Million (At least in the identified Account) so the fine would typically be about $200K.

Sat, 02/16/2013 - 15:41 | Link to Comment ToNYC
ToNYC's picture

GS to Eliz Warren: TBFT

Money is the Mother's Milk of politics and you don't jail your mother's helper no matter what your crazy aunt in the attic is railing about.

Sat, 02/16/2013 - 11:58 | Link to Comment Shell Game
Shell Game's picture

There is no Pluto-crime big enough to punish.  

Sat, 02/16/2013 - 12:07 | Link to Comment a growing concern
a growing concern's picture

Cue GS to appoint some underling to be the sacrificial "rogue trader" that they'll throw under the bus and send to prison for 18 months.  I'm sure said rogue trader will be handsomely compensated in the end, though.

Sat, 02/16/2013 - 12:39 | Link to Comment GolfHatesMe
GolfHatesMe's picture

Is David Sokol at the Squid now?

Sat, 02/16/2013 - 14:56 | Link to Comment I am on to you
I am on to you's picture

Just ,Orphans and widdows!

Sat, 02/16/2013 - 15:13 | Link to Comment chubbar
chubbar's picture

OT, and speaking of fraud, the Supreme Court will rule this Tuesday on whether the case against Obama proceeds to a full hearing. We americans get to see whether the Supreme court is fully compromised or not since the case is so important and with so much evidence he is a fraud.

"

President Harrison J. Bounel

February 15, 2013 by Bob Livingston

Who is Harrison J. Bounel? According to the 2009 tax return submitted by President Barack Obama, he’s the President of the United States. All nine U.S. Supreme Court Justices are scheduled to discuss this anomaly today.

The case in question is Edward Noonan, et al v. Deborah Bowen, California Secretary of State, and the Justices are finally looking at it thanks to the dogged determination of Orly Taitz. The case calls into question many of the documents Obama (Bounel, Soetoro, Soebarkah, etc.) has used and/or released as authentic since he came on the national scene. The case contends that the documents — birth certificate, Social Security number, Selective Service registration, etc. — are fakes or forgeries. If that’s the case, Obama should not have been on the California ballot in 2008 and, therefore, should not have received the State’s electoral votes.

Four of the nine Justices must vote to move the case forward. We’ll see.

Meantime, on Feb. 4, Kathleen O’Leary, presiding judge of the 4th District Court of Appeal, reinstated the appeal of Taitz v. Obama et al filed by Taitz when she ran for Senate. That case involves evidence of 1.5 million invalid voter registrations in the State of California. The appeal also involves Obama’s lack of legitimacy to hold the office of President based on his forged IDs, stolen Connecticut Social Security number, the fact the last name he’s using is not legally his and his fraudulent claim to be the U.S. citizen.

Evidence in the case includes:

  • A certified copy of the passport records of Obama’s mother, Stanley Ann Dunham, showing her son’s legal last name to be Soebarkah, not Obama.

     

  • Obama’s school records from Indonesia, showing his citizenship to be Indonesian.

     

  • Sworn affidavits of top law enforcement experts and investigators, showing Obama’s birth certificate and Selective Service certificate are forgeries and that the Social Security number used by Obama on his 2009 tax returns as posted on WhiteHouse.gov was fraudulent. (The SSN failed when checked through both E-Verify and the Social Security Number Verification Service.)

On another legal front, Obama defaulted in the case of Grinols et al v. Obama et al on Jan. 30 when he failed to file a response within 21 days of being served notice of the suit. This case also involves Obama’s phony SSN.

The suit states:

[I]nvestigator Albert Hendershot found in the database ofhttp://www.acxiom.com/identity-solutions/acxiom-identity-batch-solutions/ the name of the individual whose Social Security Obama is using. Acxciom-batch-solutions showed (Exhibit 1) that Harry J Bounel with the same Social Security number xxx-xx-4425 at 5046 S Greenwood Ave in Chicago, home address of Barack Obama, Database shows Bounel with the same address and Social Security number as Barack Obama himself. According to the databases last changes to the information on Harrison (Harry) J Bounel were made in and around November 2009 by Michelle Obama, who is listed as Bounel’s relative. Database changes can involve entering the information or deletion of information. It appears that changes made by relative Michelle Obama included deletion of information, which was done at a time when Taitz brought to Federal court in the Central District of California before Judge David O. Carter a case of election challenge by her client, former U.S. ambassador Dr. Alan Keyes and 40 state Representatives and high ranked members of the U.S. Military.

Recently obtained results of the 1940 census, Exhibit 2, provided the last missing link, link (sic) between Harry J. Bounel and the date of birth of 1890. Exhibit 2 shows the printout of the U.S. census, showing Harry J Bounel, immigrant from Russia, residing at 915 Daly Ave, Bronx, NY, age 50 during the 1940 census, meaning he was born in 1890, as shown in the affidavit of Investigators Daniels and Sankey.

There is a pattern of Obstruction of Justice and tampering with the official records and falsification/forgery of the official records related to Obama. This happens in particular when [George W.] Bush employees leave their positions and are replaced by Obama appointees.

Taitz has asked for expedited default judgment and post judgment discovery in this case out of fear that any records on hand at the Social Security office will be destroyed when George W. Bush-appointed Commissioner Michael Astrue leaves office in February. Records that might have proven Obama’s Selective Service registration was a forgery were destroyed in 2009 after Bush-appointed Selective Service Director William Chatfield resigned, Taitz alleges."

Sat, 02/16/2013 - 15:36 | Link to Comment 11b40
11b40's picture

This is WAY off topic.  Are you trolling for Goldman?  Trying to hijack the thread?  Take this over to Matt Drudge or Breitbart and leave us alone.

 

Sat, 02/16/2013 - 22:35 | Link to Comment Hedgetard55
Hedgetard55's picture

Fuck you.

Sun, 02/17/2013 - 09:57 | Link to Comment 11b40
11b40's picture

What do we have here?  Another birther intellectual?  Another goldman troll?

Sat, 02/16/2013 - 15:44 | Link to Comment ToNYC
ToNYC's picture

To the victor, goes the spoils. Bye-bye, Birthers, Bye-bye.

Sat, 02/16/2013 - 19:54 | Link to Comment ajax
ajax's picture

 

 

Show me Orly Taitz' birth certificate.

Sat, 02/16/2013 - 21:06 | Link to Comment ForTheWorld
ForTheWorld's picture

Did you even proof read what you copied and pasted? One paragraph contains this:

(The SSN failed when checked through both E-Verify and the Social Security Number Verification Service.)

Versus this, two paragraphs later:

[I]nvestigator Albert Hendershot found in the database ofhttp://www.acxiom.com/identity-solutions/acxiom-identity-batch-solutions/ the name of the individual whose Social Security Obama is using. Acxciom-batch-solutions showed (Exhibit 1) that Harry J Bounel with the same Social Security number xxx-xx-4425 at 5046 S Greenwood Ave in Chicago, home address of Barack Obama,

So, the SSN is either valid, or it isn't. Which one?

Sun, 02/17/2013 - 09:54 | Link to Comment 11b40
11b40's picture

Don't be confusing the mental midgets with facts and/or inconsistencies, neither of which matter to them.

Sun, 02/17/2013 - 14:05 | Link to Comment Dewey Cheatum Howe
Dewey Cheatum Howe's picture

It's a forged SSN number of a dead individual. It would fail E-verify since the person in question is legally deceased (i.e. death certificate) as far as the paperwork trail goes.

And since you quote of out of context.

Harry J Bounel with the same Social Security number xxx-xx-4425 at 5046 S Greenwood Ave in Chicago, home address of Barack Obama, Database shows Bounel with the same address and Social Security number as Barack Obama himself.

2 people, 1 SSN number. If Mr. Bounel is not the same person as Barack Obama then the lawyers should be able to drag a live body down with all the necessary background paperwork disproving it outright. If not and they pull out a dead corpse, there should be a clear paperwork trail from death certificates to birth records to disprove it. Anyone that does background checks for security clearances can debunk or prove that it is a fake identity.

 

And you have this winner which is probably unanswered.

A certified copy of the passport records of Obama’s mother, Stanley Ann Dunham, showing her son’s legal last name to be Soebarkah, not Obama.

If he changed his last name and it was not legally done, that is a crime in and of itself irrespective of proof of citizenship.

 

The state department public diplomancy board trolls along with the obamaites are on a downvoting spree over this one. Don't like that truth flashlight now do you.

Sun, 02/17/2013 - 16:19 | Link to Comment 11b40
11b40's picture

How long do you plan to beat this dead horse?  Been hearing this shit for 5 years now.  Grow up and get over it.  Find some more productive uses of your time and quit clogging up the boards and hijacking threads.  If you really are bored, go outside and piss against the wind.

Sun, 02/17/2013 - 16:35 | Link to Comment Dewey Cheatum Howe
Dewey Cheatum Howe's picture

They are legitimate questions. You want it to go away answer them reasonably. If that is the best you got, quit while you are ahead. Last time I checked, freedom of speech aka the 1st Amendment made no restrictions on dead horse beating or question asking. You are more than welcome to your rebuttal but your answer delegitimizes your position. We have a little class and allow for dissent (even welcome intelligent rebuttals) even if we are fringe low brow tinfoil hat paranoia types.

Sun, 02/17/2013 - 20:39 | Link to Comment 11b40
11b40's picture

Look, you can ask any questions you want to, but pray tell what this has to do with the financial topic being discussed?

We have all heard this over and over, and it is of very little interest to but a tiny number of readers.  Thread hi-jacking is very tiresome

I also wonder if the "we" you mention as having a little class includes Hedgetard55 and his brilliant 2 word reply of "Fuck you" a few posts up when I suggested taking this birther stuff elsewhere?

Sun, 02/17/2013 - 11:52 | Link to Comment roadhazard
roadhazard's picture

I love right wing "birthers". They will let you know themselves they are morans. And way to try and redirect, the conversation, dirtbag. Back in your clown car.

Sat, 02/16/2013 - 15:36 | Link to Comment ToNYC
ToNYC's picture

God is Everywhere and sees you like Santa Claus should. No go back to bed.

Sat, 02/16/2013 - 11:43 | Link to Comment mantrid
mantrid's picture

who could have thought

Sat, 02/16/2013 - 12:31 | Link to Comment Cdad
Cdad's picture

This is great.  

a) Another confirmed case of Goldman treating its own clients like muppets...shaking their tree on those HNZ shares right before the announced buyout.

b) Also confirmation that they were still too short the name right before the buyout and were willing to commit these insider trades in options so as to not be hurt by the announcement, or perhaps just less so.

c) This incident also confirms that the SEC CAN actually identify and locate illegal trades, perhaps the most important part of this story.  Makes you wonder why we aren't getting ten or twenty of these stories per week.  We all see this stuff happening everywhere

d) Another confirmation that at the heart of it all....it's Goldman Sachs...again.

Now, we all know that the punishment will likely end in a fine that is equal to or less than 15% of the proceeds of all illegal activity in this case...however, in the game of upright Dominoes, one never really knows what it will be that tips the first one over. And since the global Ponzi scheme is actually a game of some $250 trillion of derivatives strung across the globe like a giant spider web, I submit to you Goldman Sachs is the spider in the center of the web...and obviously so.

Get to work there, dear SEC.  We're all watching.

Additional:

Oh...and this little ditty is also pretty good confirmation on just how good old Warren Buffet obviously paid far too much for the stock, a fact that does not actually need to be confirmed in this way...but a nice little bonus...or "strawberry on top."  Anyone want more Berkshire in their portfolio after that move?

 

Sat, 02/16/2013 - 13:17 | Link to Comment chubbar
chubbar's picture

They obviously have improved their tracking ability since the 9/11 bit airline short that was never able to be tracked down.

Sat, 02/16/2013 - 15:23 | Link to Comment 11b40
11b40's picture

Only time will tell, but if Elizabeth Warren keeps pounding the regulators like she did Thursday, we could have a game changer on our hands.

This pile crusted-over feces is so rank and putrid, just disturbing it a little bit causes such a stink to rise that even a deaf muppet could be outraged over the smell.  Suddenly, someone has the audacity to ask the basic questions in public and on TV that everyone else had ben tiptoeing around.

She is their worst nightmare.  It's kind of like the little who said out loud that the Emporer has no clothes.....on the Senate Banking Committee.

Elizabeth Warren Embarrasses Hapless Bank Regulators At First Hearing (VIDEO)

http://www.huffingtonpost.com/2013/02/14/elizabeth-warren-bank-regulator...

 

Sat, 02/16/2013 - 20:00 | Link to Comment ajax
ajax's picture

 

Lord knows Brooksley Born had the chance and the platform to do it but sat there mumbling in front of Blankfein et al like an octogenarian in desperate need of a glass of water... 

 

Sat, 02/16/2013 - 12:25 | Link to Comment Cdad
Cdad's picture

duplicate

Sat, 02/16/2013 - 11:44 | Link to Comment francis_sawyer
francis_sawyer's picture

Make Lloyd Blankfein eat a jelly donut while the rest of the plattoon does push-ups... Show 'em u mean business this time...

Sat, 02/16/2013 - 11:50 | Link to Comment Buckaroo Banzai
Buckaroo Banzai's picture

I'll be the guy who holds him down with a towel, and the rest of you can beat him with bars of soap inside a gym sock, OK?

Sat, 02/16/2013 - 12:00 | Link to Comment gmrpeabody
gmrpeabody's picture

Will be come clean that way?

Sat, 02/16/2013 - 12:12 | Link to Comment ParkAveFlasher
ParkAveFlasher's picture

Let's just skip to the suicide, Francis.

Sat, 02/16/2013 - 12:20 | Link to Comment francis_sawyer
francis_sawyer's picture

 M-I-C... k-e-y... m-o-u-s-e

Sat, 02/16/2013 - 22:11 | Link to Comment optimator
optimator's picture

 

 

 M-I-C... k-e-y... l-o-u-s-e

(fixed it)

Sat, 02/16/2013 - 12:07 | Link to Comment akarc
akarc's picture

They do it just a little bit different in prison 

Sat, 02/16/2013 - 12:02 | Link to Comment Miss Expectations
Miss Expectations's picture

That's Lord Blankfein.

Sat, 02/16/2013 - 11:44 | Link to Comment alien-IQ
alien-IQ's picture

No doubt they will get slammed with a hefty 4 digit fine and be the recipient of a strongly worded letter imploring "please try not to do this again".

That'll teach 'em....

Sat, 02/16/2013 - 12:26 | Link to Comment realitybiter
realitybiter's picture

Yes they will be fined.  One of the options will be for them to pay the fine is to just debit their account with the govt "interest free money". Pay an eighth of a point or so on future money.... A book entry.

Now quit laundering that drug money.  I'm serial this time.  Really serial.

If we don't lend these bankers money, and now, the world will decay into civil unrest.  They are doing God's work.

 

 Can we get the LAPD on this one and just burn the mf-er down?????

I'm sure Blankfein is somehow blaming this on the taxpayers since they technically were using TARP money to make this trade and it really wasn't Goldman....if you aren't mad as hell and hoping for Blankfein's inexplicable hot tub heart attack, you are a slave or a banker.  wtfu.

 

Can we do some simple math and take Matha Stewarts time, per dollar, and apply it to Goldman.  Blankfein can serve a million year sentence.

Sat, 02/16/2013 - 15:52 | Link to Comment ToNYC
ToNYC's picture

Lloyd Blankfein will get off like Sidney Greenstreet (Signor Ferrari) in Casablanca. He'll pay for the cigarettes to himself since Rick's off to my goodness for who  knows how long.

Sat, 02/16/2013 - 11:45 | Link to Comment fonzannoon
fonzannoon's picture

"its a big club. and you aint in it!"

Sat, 02/16/2013 - 12:10 | Link to Comment Fredo Corleone
Fredo Corleone's picture

What type of "club" is this -- some form of members-only Davos spa, or an underground Wall Street P90X gym? Photo courtesy of Bill Banzai.

http://www.flickr.com/photos/expd/6856863815/

Sat, 02/16/2013 - 12:21 | Link to Comment Tippoo Sultan
Tippoo Sultan's picture

Now that's some workout...and Lloyd is an older guy.

Sat, 02/16/2013 - 12:18 | Link to Comment Dr. Engali
Dr. Engali's picture

Yeah but we have Fight Club, and it's growing.

Sat, 02/16/2013 - 11:45 | Link to Comment mantrid
mantrid's picture

I can't wait WB7 makes a pic about it. it will be hilarious

Sat, 02/16/2013 - 11:46 | Link to Comment linniepar
linniepar's picture

Fuck you Blankfein, Dimon, Goldman Sloths, JPMorgue. Fuck you all and rot in hell eternally! Fucking crooks!

Sat, 02/16/2013 - 12:01 | Link to Comment gmrpeabody
gmrpeabody's picture

Soup..., is that you?

Sat, 02/16/2013 - 12:17 | Link to Comment JR
JR's picture

You Don't Know Jack
Peter Schiff dismantles Lew.

"This week, the regime's nominee for Secretary of Treasury Jack Lew faced the Senate Finance Committee where he was scrutinized to see if he will replace outgoing Tim Geithner. During the session, Lew faced tough questions regarding his time at Citibank during the financial crisis where he received a $1 million bonus. Peter Schiff, president of Euro Pacific Capital provides the commentary and analysis. (5:51)"

http://lewrockwell.com/schiff/schiff200.html

Sat, 02/16/2013 - 14:41 | Link to Comment pomlad5
pomlad5's picture

Stop playing their game

Sat, 02/16/2013 - 15:56 | Link to Comment ToNYC
ToNYC's picture

Basta! potty-mouth slowpoke. If you learn to get totally sociopathic, you'll get your chance to steal from the gentile stupid prey.

Sat, 02/16/2013 - 11:46 | Link to Comment Jayda1850
Jayda1850's picture

You have GS, Warren Buffet, and John Kerry involved. This investigation will go absolutely nowhere.

Sat, 02/16/2013 - 12:08 | Link to Comment NuYawkFrankie
NuYawkFrankie's picture

And you can guarantee that any fine won't amount to a Hill O' Beans (Heinz or otherwise)

Sat, 02/16/2013 - 13:14 | Link to Comment Conax
Conax's picture

And you can also bet there will be no admission of wrong-doing before any 'settlement' (not a fine, that would be a negative) is remitted.

Sat, 02/16/2013 - 11:48 | Link to Comment Seasmoke
Seasmoke's picture

It is going to have to get bloody. They can not control themselves and do not respect anything else. But it leads me to believe , that is exactly what they want to happen. No is this greedy , no one is this stupid.

Sat, 02/16/2013 - 11:48 | Link to Comment world_debt_slave
world_debt_slave's picture

Surprise Surprise!

Sat, 02/16/2013 - 11:48 | Link to Comment dick cheneys ghost
dick cheneys ghost's picture

Charles Manson has more ethics than golman saks

Sat, 02/16/2013 - 11:49 | Link to Comment dark pools of soros
dark pools of soros's picture

So will those traders be writing for ZeroHedge soon??

Sat, 02/16/2013 - 11:53 | Link to Comment max2205
max2205's picture

Ouch!

Sat, 02/16/2013 - 11:56 | Link to Comment booboo
booboo's picture

Looting in broad day light is a natural response to a rational fear that ones time is short and the supply of what ever is being looted is a known to be finite. The proper response by law enforcment to the community being looted would again, naturally be, "shoot on sight" but then again when the loot is being shared by law enforcment it is up to the community to act on it's own behalf. Fire at will.

Sat, 02/16/2013 - 12:10 | Link to Comment NuYawkFrankie
NuYawkFrankie's picture

Re Goldman Implicated in <insert ripoff-du-jour HERE>

As they say: "It wouldn't be a show without Punch".

Sat, 02/16/2013 - 12:00 | Link to Comment Catullus
Catullus's picture

The trick is to elimate insider trading and no one will trust broker-dealers. OR god forbid, you pay them for real research and not just some asshole feeding you back publicly available information plugged into bullshit valuation models.

As soon as insider trading laws are gone, insider information becomes LESS valuable. Because you don't know what to really believe.

Sat, 02/16/2013 - 12:06 | Link to Comment Rainman
Rainman's picture

I'll admit I had to look up the definition of an 'omnibus account'...aka " asset management account ".

http://www.wisegeek.com/what-is-an-omnibus-account.htm

Sat, 02/16/2013 - 12:03 | Link to Comment WTF2
WTF2's picture

Who were the banker's?  Let me guess GS?

Sat, 02/16/2013 - 12:04 | Link to Comment gbresnahan
gbresnahan's picture

Obviously this means the law needs to be changed.

/sarcasm

Sat, 02/16/2013 - 12:04 | Link to Comment toys for tits
toys for tits's picture

 

 

 

There's gold(man) in them thar ketchup bottles.

Sat, 02/16/2013 - 12:06 | Link to Comment Wakanda
Wakanda's picture

I smell roasted muppets.

Sat, 02/16/2013 - 12:41 | Link to Comment GolfHatesMe
GolfHatesMe's picture

with Ketchup on them

Sat, 02/16/2013 - 13:52 | Link to Comment Wakanda
Wakanda's picture

Heinz ketchup + 56 other corn syrup condiments

Sat, 02/16/2013 - 12:08 | Link to Comment Bruce Krasting
Bruce Krasting's picture

Hats off to Tyler Durden for being the first to pick up on this.

 

My question is how did the SEC find about it? Did they also go through all the options trades to look for a problem? Or did they just read Zero Hedge to find out who was screwing whom?

 

Me? I think it was the latter.

 

This had better be a situation where some third party crooks did a trade through GS. If it ends up being GS employees (or even worse a GS prop trade), then there will be hell to pay.

 

This is a felony. You can't stay in business if you are convicted of a felony.

Sat, 02/16/2013 - 12:10 | Link to Comment WTF2
WTF2's picture

GS is too big to indict.  Ask Elizabeth Warren.

Sat, 02/16/2013 - 13:32 | Link to Comment scatterbrains
scatterbrains's picture

Speaking of Goldman has anyone ever bothered to look see who bought that shit ton load of out of the money puts a few days before Bear's credit line was pulled ?  How come nobody seems to give a fuck about that ?

From Bloomberg back in the dayz:

 

On March 11, the day the Federal Reserve attempted to shore up confidence in the credit markets with a $200 billion lending program that for the first time monetized Wall Street's devalued collateral, somebody else decided Bear Stearns Cos. was going to collapse.

In a gambit with such low odds of success that traders question its legitimacy, someone wagered $1.7 million that Bear Stearns shares would suffer an unprecedented decline within days. Options specialists are convinced that the buyer, or buyers, made a concerted effort to drive the fifth-biggest U.S. securities firm out of business and, in the process, reap a profit of more than $270 million.

Whoever placed the bet used so-called put options that gave purchasers the right to sell 5.7 million Bear Stearns shares for $30 each and 165,000 shares for $25 apiece just nine days later, data compiled by Bloomberg show. That was less than half the $62.97 closing price in New York Stock Exchange composite trading on March 11. The buyers were confident the stock would crash.

``Even if I were the most bearish man on Earth, I can't imagine buying puts 50 percent below the price with just over a week to expiration,'' said Thomas Haugh, general partner of Chicago-based options trading firm PTI Securities & Futures LP. ``It's not even on the page of rational behavior, unless you know something.''

 

I know we can't afford to look too deeply into it because the truth might reveal all of them to be criminal conspirators... JPM, GS, the fed, Treasury all of them. Finding out who was involved in this mystery would most likely bring the whole ponzi to it's knees.

Sat, 02/16/2013 - 12:24 | Link to Comment mewenz
mewenz's picture

there is ZERO chance that GS will be convicted of a felony.  Some underling may or may not be thrown to the wolves just to keep up the appearance that "justice" is being served, but it is more likely that a comet destroys the earth tomorrow than GS is put out of business over this low level silliness that is part and parcel of their entire business model which goes unchallenged and unpunished.

Sat, 02/16/2013 - 13:11 | Link to Comment falak pema
falak pema's picture

when you abacus like I abacus; when you own every CB czar, when from Robert Rubin to Hank Paulson you are WS star, then you are the best n the brightest, the Templars of this age!

Can a royal even imagine that one day he will burn you at the stake?

It'll need a conspiracy of the size that shook the medieval world. 

Pope (FED/SEC) n King (Potus/congress) against those who hold the financial weapons of mass destruction, a TBTF law unto themselves, rich as Cresus.

Some scenario there; it'll take a Potus with Cojones like FDR...more so, Abraham L himself. 

'Four score and... twenty years ago our forefathers created the FED and the greenback... we don't want it all to burn down in irrational exuberance a second time...Hang the culprits! '

Requiem for a Potus or for the new Templars? 

Or, much more likely, for the fast melting middle class! 

 

Sat, 02/16/2013 - 12:41 | Link to Comment bank guy in Brussels
bank guy in Brussels's picture

Bruce Krasting is a great contributor to ZH, but he is still naive about the US 'system'

« ... This is a felony ... » he writes. Ha!

There are at least 100,000 non-prosecuted FELONIES in the files of the US Justice Department

Any political connection to America's ruling oligarch families, is immediate grounds for non-prosecution

With pressure from ZH, they may start 'investigating' ... but they have 1000 different ways to handle it after that

From no prosecution, to trivial fines, to a bribed and pressured judge who dismisses the case on 'technicality' a couple years later when the case is mostly forgotten

And then in the end there's the President to pardon the players, like George Bush and his friend Scooter Libby

« ... This is a felony ... » Ha!

They laugh at 'felonies' at the Washington law firms ... Covering and burying felonies for the well-connected, is their daily business

Sat, 02/16/2013 - 12:51 | Link to Comment tip e. canoe
tip e. canoe's picture

This had better be a situation where some third party crooks did a trade through GS.

if this is the case, the 57 million dollar question is:

who is that 3rd party that had privy to such non-public info and from where did they receive it?

Sat, 02/16/2013 - 17:21 | Link to Comment WmMcK
WmMcK's picture

+57 for Heinz

Sat, 02/16/2013 - 12:53 | Link to Comment JR
JR's picture

There would hardly be an issue here without the penetration of Zero Hedge. ZH is the wave maker, the momentum behind the push to the understanding of what is going on. There is widening understanding of these close connections and ZH is leading the search for answers.

RE: Reuters' statement, “Goldman Sachs Group Inc is cooperating with a U.S. Securities and Exchange Commission probe into insider options trading in H.J. Heinz Co before the food company announced it was being acquired, Goldman said on Friday.”

There is no better term than cooperating to describe GS. They are the original cooperators. The problem is, they don’t cooperate with the economy or America. They cooperate with the Fed.

If all the top officials of GS were led off to jail it would not be enough unless the Federal Reserve is abolished.  Anyway, the SEC isn’t going to do anything unless it’s a hand slap.

The government and the Fed and the regulators are GS. So maybe GS’ right hand is going to slap its left hand, with a Don’t you ever do that again! ouchie? Then a little Oh! and onto business as usual. …Until the wave of public opinion takes them out, once and for all.

Sat, 02/16/2013 - 15:34 | Link to Comment Cdad
Cdad's picture

The "wave of public opinion" has already been registered, and is continuing.  Despite the apoplectic BlowHorn [CNBC] touting a great rotation out of bonds and into stocks this year, it appears that only a comparatively small amount of US cash has bought equities in 2013, with a secondary push of foreign money pressing that movement further.  By and large "the public" wants little to do with this market.

And were this wave to be allowed to have its intended and proper free market effect, these banks would already be gone, and the market would be back on its 2009 lows.  Why isn't it there?  Well, obviously because Ben Bernanke and The Fed have intervened to thwart the proper market effect upon "stawks" and the various dead banks that peddle them.

Even after trillions of dollars have been printed and thrown at this market, Ben Bernanke continues to thwart the free market and the public investing opinion, both...now to the tune of $85 billion per month pulled straight out of the purchasing power of the US dollar belonging to the very same public that has rejected this market.  Brilliant Ben!  What's next?  Are we going to start printing Supreme Court decisions, too?

We are well past that point in time when this Fed should be shuttered, and its various generals investigated for market manipulation.  But alas, the printer in chief prints on and on...

And all of this as Washington DC also thwarts "public opinion" on the matter of US debt.

Our Event Horizon is near.

Sat, 02/16/2013 - 16:26 | Link to Comment scatterbrains
scatterbrains's picture

"Even after trillions of dollars have been printed and thrown at this market, Ben Bernanke continues to thwart the free market and the public investing opinion, both...now to the tune of $85 billion per month pulled straight out of the purchasing power of the US dollar belonging to the very same public that has rejected this market"

perfectly stated Cdad and like Greenspan says it's important (to the paper wealth holders) to continue to steal from the masses via printing (and destruction of savings)  so that they may continue to hold onto their position, power and stature at all cost.  All you little people must learn to accept your positions and purpose outside the little club they've created for themselves.  Suck it up bitchezz !!

Sun, 02/17/2013 - 11:15 | Link to Comment JR
JR's picture

The banks are the stock market. When Greenspan says “the issue is how does it affect the stock market,” what he’s really saying is it’s not the economy that matters, it’s the banks. 

But, as you sum up in this erudite economic forecast, it’s a completely different world now: “Our Event Horizon is near.”

Crashes are a-comin’; collapse is within sight.

Sat, 02/16/2013 - 13:18 | Link to Comment alien-IQ
alien-IQ's picture

Bruce, this is GS. Remember...Too Big To Jail.

"We" can't commit felonies..."They" can't be charged with felonies.

Sat, 02/16/2013 - 13:47 | Link to Comment mudpuppet
mudpuppet's picture

Bruce your try to be funny right?

This is just one more example of why my own morals are under attack watching these fucks destroy our society.  I find myself wrestling with the question of why should I follow the rules if these pricks dont?  Another example of privatized winning and socialized losses.

Sat, 02/16/2013 - 14:45 | Link to Comment pomlad5
pomlad5's picture

GS wanted to go private long ago

Sat, 02/16/2013 - 15:41 | Link to Comment 11b40
11b40's picture

Maybe it was a combination of ZH reporting it and the grilling Elizabeth warren gave to the regulators on Thursday.  That was so much fun to watch.

http://www.huffingtonpost.com/2013/02/14/elizabeth-warren-bank-regulator...

Elizabeth Warren Embarrasses Hapless Bank Regulators At First Hearing (VIDEO)

 

Sat, 02/16/2013 - 12:09 | Link to Comment petolo
petolo's picture

JEWSUS CHRIST!

Sat, 02/16/2013 - 12:10 | Link to Comment Dr. Engali
Dr. Engali's picture

CNBC is all over this story... No wait wait...my bad they are talking about Apple.

Sat, 02/16/2013 - 12:14 | Link to Comment Jayda1850
Jayda1850's picture

Or the popping gold/silver bubble. sarc/

Sat, 02/16/2013 - 12:30 | Link to Comment Papasmurf
Papasmurf's picture

Time for CNBS to host another food fight between Icahn and Ackman, to keep the retail clients distracted.

Sat, 02/16/2013 - 12:13 | Link to Comment LongSoupLine
LongSoupLine's picture

Time to prove you have fucking huge balls SEC.

I want to fucking see jail time...and I mean real fucking jail, not rake golf traps fucking jail. I want "turn your fucking ass into Holland tunnel" fucking jail. No low level fucking shit either. Let's see high fucking executives get the fucking pipe in the fucking head. While you're fucking at it, revoke all fucking "bank holding company" privileges.

Fuck you Goldman. Die you crooked fucking pricks.

Sat, 02/16/2013 - 12:16 | Link to Comment Jayda1850
Jayda1850's picture

been waiting on that all morning soup.

Sat, 02/16/2013 - 13:13 | Link to Comment Papasmurf
Papasmurf's picture

You've fogotten who they work for.

 

Sat, 02/16/2013 - 14:00 | Link to Comment GrinandBearit
GrinandBearit's picture

Goldman owns the SEC.

Sat, 02/16/2013 - 14:11 | Link to Comment Yen Cross
Yen Cross's picture

 I could have a whale harpoon up my ass, and one of soups rants would bring a smile to my face! :-D

Sat, 02/16/2013 - 12:13 | Link to Comment shovelhead
shovelhead's picture

It's that damn hipster in the mailroom again.

Fire him!

Sat, 02/16/2013 - 12:23 | Link to Comment drbill
drbill's picture

Charges against the squid? Someone at the SEC is in big trouble now!

Sat, 02/16/2013 - 12:32 | Link to Comment Dewey Cheatum Howe
Dewey Cheatum Howe's picture

The patsies will be well compensated for their time all in the name of keeping up appearances.

Sat, 02/16/2013 - 12:45 | Link to Comment ncdirtdigger
ncdirtdigger's picture

I am shocked, SHOCKED I say.

Sat, 02/16/2013 - 12:48 | Link to Comment Being Free
Being Free's picture

 

 

Buffett buys Lubrizol .... insider trading

Buffett buys Heinz .... insider trading

Odd isn't it.

Sat, 02/16/2013 - 14:28 | Link to Comment Everybodys All ...
Everybodys All American's picture

Do you think Warren is the tipster? Or would it be one of his underlings. Say Charlie Munger once again.

Sat, 02/16/2013 - 14:57 | Link to Comment yatikto
yatikto's picture

maybe his office is bugged?

This kind of stuff is really hard to police, and responsible party easy to dissolve into the sea of people who might know.

You'd think SEC has only magnifier glass as their equipment.

Only thing that gives some hope is that Elizabeth Warren has called out SEC. And if they have any courage, they would bite the bullet and ask for indightment.  But, look who's running the justice department.

This may get interesting.  I think Obama coalition is falling apart and jewish lobby is leaving after the secretary of defence hearings. But that may have been a decoy, but that theory is hard to buy.

Obama may want some vengeance.  And bringing down GS would bring a brief satisfaction.

Sat, 02/16/2013 - 12:52 | Link to Comment SillySalesmanQu...
SillySalesmanQuestion's picture

Wow, Giant Squid sheepfucking their muppets again. Thats the kind of porn the SEC loves watching...

Sat, 02/16/2013 - 13:12 | Link to Comment orangegeek
orangegeek's picture

GS enters SEC office.  Door is closed.  Conversation lasts for an hour.

 

Door opens.

 

GS seen leaving with a lollipop and balloon.

 

And tomorrow is a brand new day.

Sat, 02/16/2013 - 14:33 | Link to Comment buzzsaw99
buzzsaw99's picture

You have that backwards. SEC calls GS. Phone conversation lasts ten seconds. Minnow indicted. Case closed.

Sat, 02/16/2013 - 13:40 | Link to Comment Iocosus
Iocosus's picture

Question: when they settle this case (and they will), where does the money go?

Sat, 02/16/2013 - 13:43 | Link to Comment q99x2
q99x2's picture

China should go after GS hard. Then the families.

Sat, 02/16/2013 - 13:51 | Link to Comment Youri Carma
Youri Carma's picture

And what about Warren Buffett’s Berkshire Hathaway?

Sat, 02/16/2013 - 13:59 | Link to Comment GrinandBearit
GrinandBearit's picture

They'll pay a $50-100 million dollar fine and all will be forgiven. 

No jail time for white shoe boys.

Sat, 02/16/2013 - 14:00 | Link to Comment Redfish
Redfish's picture

I am surprised you've overlooked the obvious connection with corporate entity, Heinz, Inc; heiress Teresa Heinz, who is married to soon to be sworn in U.S. Secretary of State, John Kerry, and who also attended university in Switzerland.  It's too obvious.

Sat, 02/16/2013 - 14:03 | Link to Comment malek
malek's picture

"He who must not be blamed."

Sat, 02/16/2013 - 14:09 | Link to Comment Yen Cross
Yen Cross's picture

  The outcome will be just another slap on the SQUIDS tenticle...

Sat, 02/16/2013 - 14:14 | Link to Comment Downtoolong
Downtoolong's picture

I wonder how GS will pick the rogue trader to blame it all on this time? Least senority? Draw straws?

Nope, it will be the one who booked the least profits last quarter.

 

Sat, 02/16/2013 - 14:32 | Link to Comment NuYawkFrankie
NuYawkFrankie's picture

Especially if it's a female who happens to have the smallest t!ts...

Sat, 02/16/2013 - 14:27 | Link to Comment Ned Zeppelin
Ned Zeppelin's picture

Perhaps the new senator from MA who actually has a pair will focus on this.

Sat, 02/16/2013 - 15:05 | Link to Comment Dewey Cheatum Howe
Dewey Cheatum Howe's picture

“To learn who rules over you, simply find out who you are not allowed to criticize.”

-Voltaire

“To learn who rules over you, simply find out who you are not allowed to criticize, or name in SEC complaints."

 

-Voltaire 2013

 

Anything short of Blankenstein bumping uglies after dropping the soap is just putting up the appearance of impartiality. This is a start but we will not rest until Blankenstein and institutions like Goldman Sachs are properly punished for the theft, corruption and destruction they cause and enable on the American public.

Here is your chance to earn a little street cred Moe. Respect is earned not automatically given.

Sat, 02/16/2013 - 14:34 | Link to Comment buzzsaw99
buzzsaw99's picture

Muppets is as muppets does.

Sat, 02/16/2013 - 14:42 | Link to Comment grunk
grunk's picture

Linda Green got a job at GS I see.

Sat, 02/16/2013 - 15:42 | Link to Comment AN0NYM0US
AN0NYM0US's picture

who told Goldman? Billy John? not a chance much too honest a man the Uncle Warren + Goldman luv connection? again not a chance, they sleep with a Chinese firewall between them

Sun, 02/17/2013 - 02:27 | Link to Comment godzila
godzila's picture

I would be hugely surprised if this was a prop trading transaction - in all likeliness GS was merely acting a a broker to a third party. As much as I despise them I'm pretty sure that GS would not have played this insider info with such incompetence.

Sat, 02/16/2013 - 14:45 | Link to Comment dick cheneys ghost
Sat, 02/16/2013 - 14:58 | Link to Comment Racer
Racer's picture

They are so sure they are too big to jail that they are getting more open and in your face in their dishonesty.

After all, the previous crimes that they commited were met with minute amount of punishment if any at all.

Sat, 02/16/2013 - 15:10 | Link to Comment Derezzed
Derezzed's picture

Expect them to issue a "full collaboration with the SEC" statement , and pay a fine < than their profit on this operation in the "best" scenario. Nothing much will happen, move along. What I'd like to see is a few of them executives to be handcuffed, but that won't happen. 

Sat, 02/16/2013 - 15:32 | Link to Comment Cdad
Cdad's picture

Saying that "it won't happen" is certainly the consensus position to take.  However, you must see this incident in its proper context.

What most folks don't seem to recognize is that the two primary actors in the financial fraud that is plaguing this country, namely Wall Street and DC, are showing that their alliance is also starting to fracture.

I am talking about the way in which the market has been behaving around the subject of the so called "fiscal cliff" and the upcoming debt ceiling/budget.  I believe we saw resolution on the first based on what was an obvious set up being arranged by Wall Street for DC.  DC punted on the issue, and the market rallied like gangbusters.

When the spending cuts come, and the economy tips over into recession [which has already begun], you will see these two monsters pointing fingers at one another again.  And as Wall Street gets the upper hand on blaming the then falling market on DC, how do you think DC will respond to being blamed?

We are now only two weeks away from the debt ceiling/budget cuts/sequester issue...and absolutely nothing has been done since Jan 2.  Do you think DC may just want to flex its muscle a bit ahead of what is an impossible situation to resolve by...I don't know...prosecuting some corrupt investment bankers?

 

Sat, 02/16/2013 - 15:59 | Link to Comment 11b40
11b40's picture

We are seeing this in a very similar vein, CDAD, and the long knives are coming out.

The sequester is dicey as hell, and as you said, nothing has been done.  On top of that, there are seemingly unmovable obstacles on both sides working against any compromise.  The wing-nuts on the far right won't move, and now, Obama is getting push back from his own party.  Deal, or no deal?

Obama Warned On Social Security Reform By House Democrats

http://www.huffingtonpost.com/2013/02/15/obama-social-security-reform_n_...

 

Sat, 02/16/2013 - 15:37 | Link to Comment geewhiz190
geewhiz190's picture

this type of reporting is really what makes ZH worth looking at.  real information, fact not opinion, and good detective work.  make this your main focus Tyler and back away from the biased opinionated posts on gold, guns, and "manipulation".  Articles like this are terrific.

Sat, 02/16/2013 - 15:47 | Link to Comment JuicedGamma
JuicedGamma's picture

google this "sec probe hnz"

zerohedge shows up second

now google this "sec probe hnz goldman"

zerohedge shows up first, breaking the news.

Congratulations Tyler, I've been with you since early days at seekingalpha, this only gets better (er worse?) as time goes on.  You are the man and spot on breaking this news.

 

Thanks again.

 

Sat, 02/16/2013 - 15:54 | Link to Comment JuicedGamma
JuicedGamma's picture

You have to wonder who the dolts that buy calls on insider tips are, and why their broker is so lame to tip idiots off in the first place. The SEC staff only need look away from their porn momentarily to notice.

 

 

Sat, 02/16/2013 - 16:03 | Link to Comment f16hoser
f16hoser's picture

...and for punishment, Blankfein will be the next Treasury Head. That's how washington rolls. I heard, Blankfein and Grassley are best friends.

Sat, 02/16/2013 - 16:41 | Link to Comment buzzsaw99
buzzsaw99's picture

(economic terrorist / treasury secy) hank paulson successfully extorted congress for $750B. corzine madoff with $1B of farmer's money. those guys have big brass ballz.

Sat, 02/16/2013 - 17:01 | Link to Comment Dewey Cheatum Howe
Dewey Cheatum Howe's picture

1 degree of seperation from this story, John Kerry gets the Rodney Dangerfield treatment by Russia.

http://thecable.foreignpolicy.com/posts/2013/02/13/russian_foreign_minis...

Secretary of State John Kerry called all the foreign ministers of countries that deal with North Korea following Monday's nuclear test and all but one of them picked up the phone -- Russian Foreign Minister Sergei Lavrov.

Sat, 02/16/2013 - 17:35 | Link to Comment sunnyside
sunnyside's picture

I look at this and go back and forth marveling at the gorilla size brass balls that those at GS have to keep doing this shit or wondering are they so stupid and full of hubris for risking getting in trouble over what to them is a measley couple of million.

 

Sat, 02/16/2013 - 18:07 | Link to Comment mendigo
mendigo's picture

I don't think they realize they are doing anything wrong - I mean, come on "insider trading" I am confused isn't that essentially the foundation of "investment" "banking". so now they are in a league with Marta Steward - how pathetic.

While I hugely appreciate the efforts of zh to expose our nation for what it is, I am not sure that improved pr on the part of the sec is truly a positive development. I kind of prefered thier previous "up you ass with a hot poker, sidewise" approach to taking care of its constituents. a the whole porn thing particulrly in comination to obamas security teams prostitution thing while visiting other dignitaries was just so amusing.

The must have done a poll that showed that the American public feared that our government agencies are not always at top efficiency.

Could it be that thier are developing trouples in the threeway that is the financial industry, goverment and the msm? meanwhile our pricipled courts are jerking-off in the corner

Sat, 02/16/2013 - 17:55 | Link to Comment Stinko da Munk
Stinko da Munk's picture

They can have all the ketchup they want but if the bastards mess around with my Grey Poupon they are going suffer.

Sat, 02/16/2013 - 18:45 | Link to Comment Decimus Lunius ...
Decimus Lunius Luvenalis's picture

It may be the Woodford Reserve (non-diluted) that made me just laugh my ass off, but I just laughed my ass off reading this post.  My laughter was solely because Goldman suffering from a SEC probe is as likely as a bourbon distiller increasing its alcohol content. 

Sat, 02/16/2013 - 19:29 | Link to Comment Downtoolong
Downtoolong's picture

"we do find it curious that from "Vampire Squid", Goldman Sachs has now metastasized into "he who must not be named."

Never underestimate the power of the dark side.

Do NOT follow this link or you will be banned from the site!