Confused Why Goldman Will Face No Criminal Charges? Here's Why

Tyler Durden's picture

Yesterday, in a brief but informative post, we asked and answered a simple question: "Confused Why So Many Foreign Banks Are Suddenly Being Charged By The US? Here's Why." Naturally, the reference was to such foreign banks as Standard Chartered, Barclays and HSBC (but not UBS and Credit Suisse) which have recently fallen under the US pre-election scapegoating scythe and have found themselves in hot water with US regulators.

Today, on the other hand, we learned courtesy of Goldman's 10-Q, that the US justice department will not press criminal charges against Goldman Sachs. This, despite Senator Carl "Shitty Deal" Levin, in one of the most bombastic kangaroo court spectacles on live TV ever, asking for a criminal investigation after the subcommittee he led spent years looking into Goldman, and in which he said Goldman misled Congress and investors (and according to which billions in fraudulent RMBS misrepresentations are all still only Fabrice Tourre's fault, at that time under 30 years old). And so we pose the same answer, and provide the same anwer, as yesterday, only flipped around: "Confused Why Goldman Will Face No Criminal Charges? Here's Why."

Since we are lazy, we will even reuse the same table. It needs no explanation.

And let that be a lesson to you dear foreign banks: if you want to play, you have to pay. Of course, the returns are more than worth it.

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sunnydays's picture

They are all whores! 

vast-dom's picture

please don't besmirch the honest work of whores.

The Monkey's picture

Time to short sell the market.  If you are new to it, it means load up on SPXU and FAZ.  You have to deal with a potential 10% drawdown, but no more.  The bulls can't take it higher and they know it.

This is easy money to anyone that really knows the markets.  The markets have topped out.

old naughty's picture

But, but, Big Pharma has 775 times return...

krispkritter's picture

GS=Go(forth and) Sodomize...the Muppets!

OK. They won round One. I say the next round is copper-clad and directed towards you-know-who...This is so Orwellian it boggles the (sane) mind!

lewy14's picture

Well, they did just release a Java collections class on github. https://github.com/goldmansachs

Can they be all bad?

[27 nanoseconds later]

Yes.

BKbroiler's picture

If political contributions are bad, then why did all these retards support Citizens United?

fourchan's picture

the levin brothers are two fucking retards.

Brother Sebastian's picture

Not quite, but we're very close.  Perhaps tomorrow or Monday?

The Monkey's picture

Here comes the bitchin' ZeroHedge bearish article launch from space.

That's right - the most negative, nasty, set of headlines awaits.

If you need the money, short the market now with FAZ or SPXU, because it's easy.  I hope I didn't pay for a whore.  Go put the extra cash you gain toward charity.  Seriously.  Don't be an ass.

 

DoChenRollingBearing's picture

@ The Monkey

Well maybe, but I got burned REAL BAD by buying FAZ...  Timing...

knukles's picture

What's timing got to do with it?
You can get front runned by algos any time :).

 

dolce vita's picture

...the swindle continues until implosion....

The Monkey's picture

You bought early. You only short the market when it can't go much higher. It can't.

Sitting in the market right now is like waiting to lose your ass. Short the market and put yourself on the right side of the trade. If you can't short, buy 30 year treasuries. They have about 15% left in them.

Bears are totally in control here.

poor fella's picture

IF I were wearing a Bull Suit one could pimp pump up a China-full-retard floodgate as the next "world is fine" moment. Good for another 20. EVERYTHING is priced in is good for another 15. QE3 good for 25.. Merkel is good for 30...  ahhh,  fuck it

One can only laugh when computer traded vol is 99.9% and that's when things break BIG TIME

Vet4RonPaul's picture

Agreed, whores are much more wholesome than pig men banksters and neocon GOP and Dems.  However, the American public did have a chance to choose an honest man but they went for the neocon chickenhawk bankster-bought RomBamney.  The majority of the EU and US now depend on the local, state, regional, national and multii-national to maintain their weekly tax-payer fix; teachers, cops, fed employees, defense contractors, SSN receipients are all sucking the teat now and they ain't gonna give up their spot without a fight.

azzhatter's picture

Whores give you a return on your investment.

AssFire's picture

Hey,

Have you talked to mom lately? Hope all is well brother.

EscapeKey's picture

...and a happy ending, as opposed to the quite opposite you can expect if you let Goldman Sachs "manage" your wealth.

TaxSlave's picture

Whores don't sell what isn't theirs, they only sell to willing customers, and most of them don't steal.

imaginalis's picture

Whores try to shoot your load
GS try to load your chute

imaginalis's picture

Whores try to shoot your load
GS try to load your chute

ACP's picture

Yup, gotta pay the whores...the world's oldest shipping company just filed:

http://www.bloomberg.com/news/2012-08-09/world-s-oldest-shipping-company...

Obviously failed to pay the whores. It's prett much the only was to stay in business nowadays.

MonkeeRench's picture

...those that do honest short-term rental with voluntary adult negotiation, that is.

#Banksters and their #CorruptElites have permanently sold their souls to perdition and fraud, with no redemption possible for all the irreparable damage they have done, wordwide.

kliguy38's picture

Whores make an honest buck workin' their arses off....many are extremely attractive......HOW do you compare them with these guys??? 

wombats's picture

They may be whores, but HOs work hard for their money and they need lov'in too.

combatsnoopy's picture

Give the man a gun and he can rob a bank.
Give the man a bank and he can rob the world. 
http://www.cnbc.com/id/48602474
sorry- here's my feelings about this. IF the GOVERNMENT FAILS JUSTICE and CHOOSES NOT TO SERVE THE PEOPLE, - a A TAX HOLIDAY IS IN ORDER UNTIL THEY FIX THE CORRUPTION AND DECIDE TO SERVE THE PEOPLE OF THIS COUNTRY. If China wants to pay Congress's and the corrupt judge's salaries-then so be it. We don't owe them shit as far as I'm concerned if they're going to continue financing the racketeering in our government with the trade surplus WE gave to them. 

http://www.washingtonpost.com/wp-dyn/content/article/2010/10/19/AR2010101907216.html
Oh wait, sorry- the Boomers are too passive resistant to solve problems? Should you think exactly how the PR firms tell you? 

http://www.dandodiary.com/2010/06/articles/subprime-litigation/an-updated-analysis-of-subprime-securities-suit-dismissal-motions/
http://www.dandodiary.com/2008/06/articles/subprime-litigation/the-list-subprime-lawsuit-dismissals-and-denials/index.html
http://www.skadden.com/content/Publications/Publications1962_0.pdf

Why should we pay them if they work for the lobbyists?  China can foot the bill.  We're dealing with a bad economy, we can't foot the bill of our corrupt government.   

boogerbently's picture

The "Smartest Guys in the Room" are NOT our elected reps. LOL

EscapeKey's picture

What are you on about? They all retire rich.

ReactionToClosedMinds's picture

Folks have to read this article link in it's entirety .... it is absolutely mindblowing (surprised ZH has not made a full-blown commentary about this stunning revelation) ... yet nary a hint of this in NYTimes, Washington Post or networks.  Am surprised the WSJ did not pick this up.  While I voted last time the other way ... I actually preferred Team O figuring despite Tony Rezko & Chicago, he really might be a breath of fresh air.   This makes Nixon look like a dolt ... and Clinton to be an altarboy with Rubin in his cabinet no less.

The hits just keep rolling for the USofA

 

Big Corked Boots's picture

The only way shit can have any value is to compost it. I suggest we convert a jail cell, and let it sit for 20 years or so.

Big Corked Boots's picture

OT, but who's going to the Obama classic? You get to meet some fly roundball stars, and some guy called Barry Soetoro. Dunno what he's there for, though.

JR's picture

Uh oh. In the race to debase and of who loves Israel and Wall Street the most, looks like Mitt is beating out Obama at Goldman. According to Bloomberg today: Goldman Sachs Group employees have changed to red from blue… showering 70 percent of their contributions on Republicans.

To even the score on Axelrod’s political hardball and scandal bating, Wayne Allen Root asks today: What's 'Barry Soetoro' Hiding? Is it his sealed and secret student records?

Excerpt:

I am President Obama’s classmate at Columbia University, Class of ’83. I am also one of the most accurate Las Vegas oddsmakers and prognosticators. Accurate enough that I was awarded my own star on the Las Vegas Walk of Stars. And I smell something rotten in Denmark. Obama has a big skeleton in his closet. It’s his college records. Call it “gut instinct” but my gut is almost always right. Obama has a secret hidden at Columbia – and it’s a bad one that threatens to bring down his Presidency. Gut instinct is how I’ve made my living for 29 years since graduating Columbia…

I have the answer for Romney. A challenge that shuts up Obama forever…

If you could unseal Obama’s Columbia University records I believe you’d find that:

A) He rarely ever attended class.
B) His grades were not those typical of what we understand it takes to get into Harvard Law School.
C) He attended Columbia as a foreign exchange student.
D) He never paid for either undergraduate college or Harvard Law School because of foreign aid and scholarships given to a poor foreigner like this kid Barry Soetoro from Indonesia

And lastly, why do his classmates at Columbia not remember Obama? Was he a ghost? Did he never show up at class? My educated guess is that he was too busy smoking pot, attending Marxist meetings, and plotting the destruction of the U.S. economy and the overthrow of capitalism. Don’t laugh. It’s working.

If you think I’m “fishing” then prove me wrong. Open up your records Mr. President. What are you afraid of? ...

Oh and one more thing Mitt. Tell Harry Reid you’ll release all of your tax returns when Harry Reid releases all of his. Inquiring minds want to know how Harry Reid entered the U.S. Senate with no assets and became one of the wealthiest United States Senators.

http://lewrockwell.com/rep3/obama-scandal-columbia.html

BKbroiler's picture

My educated guess is that he was too busy smoking pot, attending Marxist meetings, and plotting the destruction of the U.S. economy and the overthrow of capitalism. Don’t laugh

 

I'll try.

StormShadow's picture

Second verse, same as the first.

This s**t will never end.

Cabreado's picture

Sure it will.

In fact, that's the only thing you can count on.

vast-dom's picture

let's take up a collection to bribe douchebag schumer to..........

JustObserving's picture

There is complete regulatory capture in the US.  Not just the regulators, but also lawmakers have been captured.  The corruption is complete.

It is suicidal to trade in US markets.

Amish Hacker's picture

Agreed. If we were talking about any other country but our own, we wouldn't be so squeamish about calling this what it is: influence peddling. What we have seen so far is a tiny fraction of what will eventually come out. The rot goes deep.

Everybodys All American's picture

This is not just regulatory This should rightly include the justice department. You have admissions of guilt. Criminality is involved here and the justice department is awol because a bribe has been transacted.

Dr. Engali's picture

Best piece of shit fiat can buy.

disabledvet's picture

Why is Time Warner on that list? I thought they had all the goods on everyone. "Someone else has even more of the goods"? WELLLL....

GS-DickinDaMuppets's picture

That list shows all the current holders of "GET OUT OF JAIL FREE" cards....  WTF, you expected JUSTICE?? 

 

...doing GOD's work...GS-DickinDaMuppets

ACP's picture

And they're all using MONOPOLY MONEY, no less.

Antifaschistische's picture

for the record...none of us were confused why Goldman would face no charges.

same old story's picture

schumer cares not what you think. He is rolling in the cash living the high life and having a jolly old time.  In fact, he gets a kick out of you realizing how he does it, as he heads off to his beach front weekend gift, knowing there is Fuck all you can do about it.  is he smart?  He thinks so, and it has worked well for him.  For Schumer we are all his bitch, and life is quite a dream