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News Blankfein Hires Prominent Defense Attorney Send GS Stock Tumbling, Gold Futures Soaring Over $1900

Tyler Durden's picture




 

For a perfect ending to a schizophrenic day we go to Reuters which has just reported that Goldman's CEO has hired high profile defense attorney Reid Weingarten. The market is not waiting to find out the details, and GS stock is tumbling. What has alos happened is that gold futures punched through $1900 for the first time ever. $2000 is the next target, and will likely be taken out within the week.

GS stock:

And gold:

From Reuters:

Goldman Sachs Chief Executive Lloyd Blankfein has hired Reid Weingarten, a high-profile Washington defense attorney whose past clients include a former Enron accounting officer, according to a government source familiar with the matter.

Blankfein, 56, is in his sixth year at the helm of the largest U.S. investment bank, which has spent two years dodging accusations of conflicts of interest and fraud.

The move to retain Weingarten comes as investigations of Goldman and its role in the 2007-2009 financial crisis continue.

"Why do you bring in someone like that?" said the source, who was not authorized to speak publicly. "It says one thing: that they're taking it seriously."

Blankfein has not been charged in any civil or criminal case, and it was not immediately clear why he hired Weingarten.

David Wells, a spokesman for Goldman, declined to comment.

Weingarten did not respond to requests for comment.

Something big is about to hit the tape, and this time Goldman won't be able to put the whole blame on a twenty-year old Frenchman.

 

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Mon, 08/22/2011 - 16:12 | 1587377 lolmao500
lolmao500's picture

Maybe he should hire his ex VP...

http://www.truth-out.org/goldman-sachs-vp-changed-his-name-now-advances-...

Goldman Sachs VP Changed Name, Now a Top Congressional Staffer

ThinkProgress has found that a Goldman Sachs vice president changed his name, then quietly went to work for Issa to coordinate his effort to thwart regulations that affect Goldman Sachs’ bottom line....In a few short years, Haller went from being in charge of dealing with regulators for Goldman Sachs to working for Congress in a position where he made official demands from regulators overseeing his old firm.

Mon, 08/22/2011 - 16:19 | 1587416 Duuude
Duuude's picture

lolmao500

 

*****

 

Great find, deserves a look at by TD

 

 

 

Mon, 08/22/2011 - 17:45 | 1587776 Ahmeexnal
Ahmeexnal's picture

Don't forget two-face bernoccio. When he's not out printing money, he puts on fake eyebrows, changes his name to "Farmacist" and drives HP into bankruptcy.

Mon, 08/22/2011 - 18:17 | 1587907 Boba Fiat
Boba Fiat's picture

+1913.

 

Gold's new high # (coincidentally the year of the Fed's inception).  F U FED!  Are you not entertained?!

 

http://www.youtube.com/watch?v=FsqJFIJ5lLs

Mon, 08/22/2011 - 22:47 | 1588891 FEDbuster
FEDbuster's picture

To Lloyd and every other bankster out there "doing God's work", JUMP YOU FUCKERS!!!

http://www.youtube.com/watch?v=yge311sFhC8

Fri, 11/11/2011 - 06:18 | 1869254 shansnv
shansnv's picture

This is first time i visit this post. I collected so many interesting things from your site. From the tons of comments on your posts, I guess I am not the only one having all the enjoyment here. Keep up the good work.

thermage Sydney

Mon, 08/22/2011 - 16:33 | 1587467 tom a taxpayer
tom a taxpayer's picture

 

Lloyd and Goldman Sachs are going to need an army of defense attorneys, as one thing leads to another. White collar criminals are easy to sqeeze, to spill the beans. Prosecutors love the song "One Thing Leads to Another" by the aptly titled band The Fixx.

The impression that you sell

Passes in and out like a scent...

You've seen your name on the walls

And when one little bump leads to shock miss a beat

You run for cover and there's heat, why don't they: 

Do what they say, say what they mean

One thing leads to another

You told me something wrong, I know I listen too long

But then one thing leads to another

One thing leads to another 

http://www.youtube.com/watch?v=pIe-Cj071l0

 

Mon, 08/22/2011 - 17:21 | 1587698 Use of Weapons
Use of Weapons's picture

OId news - without the name change angle, its business as usual - basic hand-holding job making sure the Congressman crosses the T's and doesn't appear too clueless when presenting the pro GS legislation. I covered it last time it was mentioned here (last week some time) - rumour is that the guy was 'let go' from GS [one presumes not sharp enough]. Bio is econ Gov > GS lowtime > Gov aid. Hardly unusual for the revolving doors.

 

Hmm, what? You're shocked when a paid for Congressman puts in pro-business (donators) legislation?

 

ALEC isn't. http://www.alecexposed.org/wiki/ALEC_Exposed

Nor is the Chamber of Commerce.

Mon, 08/22/2011 - 23:09 | 1588957 tip e. canoe
tip e. canoe's picture

A - B - C - A - I - D - A

http://www.youtube.com/watch?v=y-AXTx4PcKI

Mon, 08/22/2011 - 20:18 | 1588344 Freddie
Freddie's picture

Goldman and squid man must have been slow in their Obama 2012 donations.   Pony up the cash or Holder and the DOJ will visit.

+1 to Tyler for the find.

Mon, 08/22/2011 - 16:21 | 1587431 BaBaBouy
BaBaBouy's picture

 

Just O Bummah's boy ...

 

It's all in "The Family", it's All Good ...

 

Now lets have another $3 Trillion PLAY MONEY for the Wall Street Biggies ...

Mon, 08/22/2011 - 16:23 | 1587438 Sophist Economicus
Sophist Economicus's picture

"truthout and ThinkProgress"  = LOLOLOLOLOLOLOLOLOLOLOLOLOLOLOLOL

Mon, 08/22/2011 - 16:27 | 1587457 kridkrid
kridkrid's picture

Is the article wrong?  I read it a couple of days ago.  I figured it was true... it pretty much matches what I view as the revolving door between regulator and the industry over which the regulator is to regulate.  But if it the article is false, I would like to know. 

Mon, 08/22/2011 - 16:48 | 1587555 gunsmoke011
gunsmoke011's picture

Finally confirmed on CNBC - so you know it must be true because if not - they would sweep it as far under the rug as they could. According to CNBC - this has something to do with possible obstruction of justice charges in his testamony before the Congress last year. Needless to say - this could be just the first shoe to drop and could be - well -- BIG!

Mon, 08/22/2011 - 17:01 | 1587616 Sophist Economicus
Sophist Economicus's picture

No, the article is right, I believe.    The publications have a 'filter' - that's what's funny when I see the stuff quoted here.   The post by EB in the guest section detailed a Roach Motel of folks that stole hundreds of millions from tax payers, yet, that won't be a spotlight for Maya Schenwar or her 'followers' because it isn't truth worth searching for....

Tue, 08/23/2011 - 01:13 | 1589233 slewie the pi-rat
slewie the pi-rat's picture

omg!  you got 5 junxz!  a racoon, too!  the trolls are out tonite, sophi_(a)micus! 

peace, love, and manure spreaderz to ya!

Mon, 08/22/2011 - 16:23 | 1587439 flacon
flacon's picture

Let him have God defend him - after all, he's just "doing God's work", right? God must be pleased with his "work".

Mon, 08/22/2011 - 17:59 | 1587829 DaveyJones
DaveyJones's picture

He tried but God had a conflict

So he hired the Patron Saint of quality footwear 

Mon, 08/22/2011 - 18:02 | 1587843 Diogenes
Diogenes's picture

He's also going to need local counsel.

Mon, 08/22/2011 - 16:33 | 1587495 Translational Lift
Translational Lift's picture

Could this be a case of Squid pro quo......??

Mon, 08/22/2011 - 16:59 | 1587604 redpill
redpill's picture

Certainly smells fishy

Mon, 08/22/2011 - 17:13 | 1587662 rocker
rocker's picture

 Does this mean Bernie might be his Butt Buddy.  It just might have a different smell.

Mon, 08/22/2011 - 16:46 | 1587545 Randy Kruger
Randy Kruger's picture

Too bad his mother's maiden name wasn't Goldman :-) LMAO

Tue, 08/23/2011 - 02:32 | 1589304 Freddie
Freddie's picture

Hey Tyler - NY Post is saying Blankfein might be connected to Raj Raj's freind the other Rajat Gupta on GS board.  Gupta supposedly in singing a lot of tunes to the Feds.   

http://www.nypost.com/p/news/business/why_lloyd_hired_criminal_defense_f8MLntuQ164unriOU0Aq1L

I am not pimping for the Post but that is a weird connection.

 

Mon, 08/22/2011 - 16:12 | 1587381 rubearish10
rubearish10's picture

Ideally, GS shuts down first then BAC.

Mon, 08/22/2011 - 16:26 | 1587454 InconvenientCou...
InconvenientCounterParty's picture

So that leaves JPM to clean up the fragments of value? That's not working for me.

Mon, 08/22/2011 - 16:30 | 1587475 Sudden Debt
Sudden Debt's picture

Au & Ag

That's all I have to say about JPM.

Tue, 08/23/2011 - 01:20 | 1589238 slewie the pi-rat
slewie the pi-rat's picture

nope, me neither, but i have been advised to accept the things that i cannot change and that i ain't shit, rilly...if i'm honest with myself, ...every decade...or so...m/l...

Mon, 08/22/2011 - 19:46 | 1588254 Bolweevil
Bolweevil's picture

For everything else, there's Shitibank.

Mon, 08/22/2011 - 16:12 | 1587382 King_of_simpletons
King_of_simpletons's picture

Doing God's work has its rewards.

Mon, 08/22/2011 - 16:12 | 1587383 IMA5U
IMA5U's picture

but europe was higher today and lybia was liberated

uncle ben is going to stimulate the economy

 

how could goldman possibly be down?

Mon, 08/22/2011 - 16:17 | 1587400 rosiescenario
rosiescenario's picture

.....labia was liberated?

Mon, 08/22/2011 - 16:24 | 1587445 tmosley
tmosley's picture

But did they get the C.L.I.T.?

http://www.youtube.com/watch?v=NCatFyP9tKo

Mon, 08/22/2011 - 17:01 | 1587617 redpill
redpill's picture

You're such a cunning linguist.

Mon, 08/22/2011 - 18:47 | 1588024 Dixie Rect
Dixie Rect's picture

And a master debater

Mon, 08/22/2011 - 17:42 | 1587764 mudduck
mudduck's picture

No, stimulated.

Mon, 08/22/2011 - 16:51 | 1587574 Sudden Debt
Sudden Debt's picture

Well:

First Kadafi falls so they can steal his Gold.

Now Blankfein falls from Goldman S.

Coincidence? I THINK NOT!!!

 

Mon, 08/22/2011 - 17:03 | 1587626 Sophist Economicus
Sophist Economicus's picture

Looks like Hugo's gonna get his gold and the LBMA will be safe after all...

Mon, 08/22/2011 - 17:11 | 1587648 Sudden Debt
Sudden Debt's picture

Seriously:

Goldman S. has been pushing their clients to buy Gold for years. I wouldn't be surprised if those clients are starting to ask for delivery and that this might be causing a problem for them. It's not the first time banks have been holding gold for clients that turned out not to be in the vaults.

Goldman might have been doing the same and using the money for other investments. And now these clients ask delivery they can't afford it anymore to buy it on the open market for their clients.

I'm just looking for some kind of reason why gold is booming like this these last few weeks and this could be one.

Wouldn't that be the joke of the day :)

I would be thrilled if JPM would also make a notice this or next week!

Mon, 08/22/2011 - 18:32 | 1587964 knukles
knukles's picture

Gold is rallying because;
The Nash Equilibrium has been broken.
Repairs cannot be made within the constraints of the current dominant party offering a Null Solution Set.
The Internet Reformation has rendered the classic Benaysian Perceptions Management process ineffective.
The Hegelian Dialect worked until it doesn't anymore.
The peasantry distains encroachments upon liberties and has come resistant to the New Versailles.

Substitute "Are we there yet?" with "We've arrived!"
"When the shit hits the fan." has transmuted into "Stand back; it's splattering large." 

Nothing works, all's broke, civility's died and confidence is extinct.  
Welcome to the New World Order.

 

Mon, 08/22/2011 - 20:26 | 1588356 Freddie
Freddie's picture

+1

If Goldman is supposed to have gold that clients want delivered then no amount of spinning will save them.  My guess is Obama confiscates gold before GS goes down.

There should be gallows set up at Broad & Wall Street and also in DC.

Hugo Chavez is a POS but I think he is calling their bluff.

Mon, 08/22/2011 - 18:43 | 1587983 slewie the pi-rat
slewie the pi-rat's picture

also seriously:

where did the moQ fall?  not face down in your lap, i hope, my dear & respected friend!  MSM too much for you, today?

it's a bloodbath till they get him! who could have known? 

how cld anyone have known the s.o.b. is just real enuf to face death like the mighty bedouin warrior chief he has had such fun pretending to be? ...for the past 42 years...latest "reports" have him "hanging by a thread"  which is, actually, pretty fuking funny if ya think about it

what a fun way to protect innocent civilians!  (and make warbux, too!)  a nice destroyed modern & solvent nation, 10,000 (m/l) ordinance drops on "military"  targets, murder, mayhem, us drones clones, and now, a bloodbath, too! 

go ahead!  make slewie's day!

re lloyd (and perhaps not rilly related to libya & their gold (!)):  now that the goobermint is going after the ratings agencies, for real, 1) how "safe" doya think the blankster is?  2)  do ya rilly think prez0 called buffett (owner of "moody's" for "advice"?  L0L!!!   3)  wanna buy a bridge or hey!  howZabout this:  sum nice, upwardly mobile, paper gold?

what if the prez0 rilly does want to be re-elected?  maybe a little "justice" might help, or hasn't this strategy been published, yet, except, here, and ...now...

BiCheZ!

or are you, too, convinced that "superman" has brought us back to 2008 by "reverse spin"?

Mon, 08/22/2011 - 16:13 | 1587384 fyrebird
fyrebird's picture

Sushi: It's what's for dinner!

Mon, 08/22/2011 - 16:13 | 1587386 lolmao500
lolmao500's picture

This is all bullish too.

http://www.marketwatch.com/story/mortgage-delinquency-rate-rises-to-844-...

Mortgage delinquency rate rises to 8.44%: MBA

Mortgage delinquencies rose in the second quarter, a development that reflects the deterioration of the job market, the Mortgage Bankers Association's chief economist said on Monday. In the second quarter, the delinquency rate for mortgages on one-to-four unit residential properties reached a seasonally adjusted 8.44%, up from 8.32% in the first quarter, yet still down from 9.85% when compared with the second quarter of 2010, according to the MBA's quarterly delinquency report.

Mon, 08/22/2011 - 16:53 | 1587579 gunsmoke011
gunsmoke011's picture

Better rush out and buy some AAPL - looks like more money to spend on I Pads and other gadgets.

Mon, 08/22/2011 - 16:58 | 1587584 TruthInSunshine
TruthInSunshine's picture

 

 

Yes, bullish!

Amerikranski and The unEconomicEuropeanUnion are both going to thrive as people sleep in their cars (about to be featured on Repo Games), eating iPad3 (Ramen Noodle Flavored), while President Hector Camacho (Obama) promises that he's going to sprinkle more cheddar on the inner cities & Brawndo on the green sharts (as The Bernank stockpiles anything of value for the meeters, greeters and beaters of Wall Street), Japan goes into a cosmic bunny hole repression [Japanese Housewives start stockpiling BOJ bonds like they're gold] and Chinese people wake up to the reality that gasoline and diesel are more than 78 cents a gallon when PBOC stops subsidizing basic necessities when it has to perform emergency surgery to stem the bleeding from the open jugular that is the toxic/decaying loans handed out by completely corrupt regional and local banks to anyone.

Mon, 08/22/2011 - 16:14 | 1587387 infinity8
infinity8's picture

HAHAHAHAH! maybe he raped the maid - ?

those rich white guys all look the same.

Mon, 08/22/2011 - 17:24 | 1587704 steelhead23
steelhead23's picture

Geez Infinity,  Don't you know nuthin?  Read Taibbi?  This Blanfein dude didn't rape the maid - he raped us all, each and every one.  By hiring this junkyard dog, we know that Lloyd't a-hole is currently in the puckerin mode.  We can only hope that it'll soon be bleedin.

Mon, 08/22/2011 - 17:35 | 1587742 infinity8
infinity8's picture

HA HA again. Blankfein will "get off" most likely - I'm over Hope.

Mon, 08/22/2011 - 18:01 | 1587837 trav7777
trav7777's picture

and the NY DAs are recommending dropping all charges against DSK...free man

Mon, 08/22/2011 - 21:04 | 1588462 CompassionateFascist
CompassionateFascist's picture

DSK walked, and so will Lloyd. Kosher Mafia Rules.

Mon, 08/22/2011 - 23:39 | 1589055 Randy Kruger
Randy Kruger's picture

Get back into your bunker, Adolf.  

Mon, 08/22/2011 - 18:00 | 1587832 trav7777
trav7777's picture

huh?  These guys are jews, not whites

Mon, 08/22/2011 - 23:46 | 1589065 Randy Kruger
Randy Kruger's picture

Which ones are worse, habibi?

Mon, 08/22/2011 - 16:13 | 1587388 ihedgemyhedges
ihedgemyhedges's picture

Blankfein must be desperate.  I hear that Weingarten's fee is an ounce of gold per hour...............................

Mon, 08/22/2011 - 16:16 | 1587393 bigdumbnugly
bigdumbnugly's picture

that's ok being that he'll be paid in GLD shares.

Mon, 08/22/2011 - 16:18 | 1587412 ihedgemyhedges
ihedgemyhedges's picture

You can't Jew a Jew.  Weingarten will demand physical.........

Mon, 08/22/2011 - 16:17 | 1587405 r101958
r101958's picture

That's barbarous.

Mon, 08/22/2011 - 16:21 | 1587425 Cash_is_Trash
Cash_is_Trash's picture

Got relics?

Mon, 08/22/2011 - 16:31 | 1587482 Lord Welligton
Lord Welligton's picture

Nobody else seemed to get that.

So I gave you a green.

Mon, 08/22/2011 - 16:55 | 1587583 Clampit
Clampit's picture

The overwhelming vast majority of this audience silently got it ... so I gave you a red. The universe is balanced again.

(Oh, am I going to pay for this one.)

Mon, 08/22/2011 - 17:01 | 1587614 Lord Welligton
Lord Welligton's picture

Jesus wept.

It wouldn't hurt to give the man a Green.

Everyone here cannot be so far up there own arese that they can't afford a Green.

 

 

Mon, 08/22/2011 - 17:17 | 1587678 Clampit
Clampit's picture

OK fine a little green. Good thing gold doesn't come off well as a screen color, there are limits to one's generosity. My foray into central planning goes about as expected.

BTW, that wasn't me who junked you the second time ... I was framed!

Mon, 08/22/2011 - 18:57 | 1588074 Lord Welligton
Lord Welligton's picture

I was framed

 

Let's be clear here.

We've all been framed.

By lies.

Empire this. Empire that.

It's all shit and nonsense.

It doesn't exist.

You do.

They know it.

You don't.

Mon, 08/22/2011 - 17:35 | 1587743 snowball777
snowball777's picture

I smell a ZH t-shirt / donation campaign.

Paging Mr. Banzai...Mr. William Banzai...

Mon, 08/22/2011 - 16:15 | 1587391 ??
??'s picture

Is Warren still holding that GS paper?

Mon, 08/22/2011 - 16:29 | 1587470 buzzsaw99
buzzsaw99's picture

No. Unka Warren is one of da boyz.

Mon, 08/22/2011 - 16:15 | 1587392 rosiescenario
rosiescenario's picture

.....explains why Obuma is talking to Warren.......

Mon, 08/22/2011 - 18:40 | 1587996 knukles
knukles's picture

Yes sir.  Yes sir.  I uh....  Yes sir.  But I.... Yes sir.  Understood.  Yes sir.  Uh...

(dial tone)

Mon, 08/22/2011 - 16:16 | 1587396 JW n FL
JW n FL's picture

Lord Blankman is going to be offered to the dumbass masses for doing "Gods Work"?

well that will fix everything!

1 Zionist in Jail will recap the whole World!

Mon, 08/22/2011 - 16:41 | 1587528 john39
john39's picture

i will believe this means anything when he and the rest of them are behind bars. 

Mon, 08/22/2011 - 18:23 | 1587931 johnnynaps
johnnynaps's picture

Unfortunately, the only bars they will be behind are gold and silver ones......in some remote part of the world.

Mon, 08/22/2011 - 16:16 | 1587398 alien-IQ
alien-IQ's picture

Nice and Nice.

Mon, 08/22/2011 - 16:17 | 1587401 DefiantSurf
DefiantSurf's picture

where there is smoke there is usually fire...

 

Mon, 08/22/2011 - 16:17 | 1587402 Bay of Pigs
Bay of Pigs's picture

GS and Blankfein?

Burn you fuckers...

Mon, 08/22/2011 - 16:17 | 1587406 SMG
SMG's picture

I hope he truly gets what he deserves.  I'm cynical, but never give up hoping for justice for all, especially for the Oligarchs.

Mon, 08/22/2011 - 16:19 | 1587408 Haole
Haole's picture

This post is horny, thanks Tyler.

Mon, 08/22/2011 - 16:18 | 1587409 Oh regional Indian
Oh regional Indian's picture

Timberrrrrrrrrrr!

Black Monday indeed.

BlackFeign that is.

Vivek (ORI)

http://aadivahan.wordpress.com

Mon, 08/22/2011 - 16:18 | 1587410 SamAdams1234
SamAdams1234's picture

Couldn't have happened to a nicer guy.

Mon, 08/22/2011 - 16:19 | 1587413 stoverny
stoverny's picture

The question is not whether Goldman knowingly committed Fraud.

The question is, were they uncharacteristically sloppy?

I'll bet Lloyd wishes email was never invented.

Mon, 08/22/2011 - 18:43 | 1588010 knukles
knukles's picture

No.  That is not a question.

Mon, 08/22/2011 - 16:19 | 1587414 navy62802
navy62802's picture

See the problem is that the fraud was never dealt with. It was only papered over for a few years with tax-payer money. A fraudulent business model doesn't turn into a prince at midnight. And neither did any of the financial institutions that made fraud their business model. They're still out there, but no one is talking about them. And they'll eventually fail despite the craptastic attempts by the Federal Reserve. It's just a time bomb waiting to go off. Much like the European bank insolvency problem that is also going to explode in the near term.

Mon, 08/22/2011 - 16:19 | 1587417 Joebloinvestor
Joebloinvestor's picture

Timmy must have given his old buddy a heads up.

One can only hope that this asshole is next.

Mon, 08/22/2011 - 16:19 | 1587419 r101958
r101958's picture

GS down $5.25 today and another $1.50 after hours.

Mon, 08/22/2011 - 16:20 | 1587422 Sudden Debt
Sudden Debt's picture

DID ANYBODY ORDER ROOMSERVICE?!

 

Mon, 08/22/2011 - 16:21 | 1587423 max2205
max2205's picture

Maid Service?

Mon, 08/22/2011 - 16:49 | 1587561 Two Towers AU AG
Two Towers AU AG's picture

+1

Mon, 08/22/2011 - 18:01 | 1587839 trav7777
trav7777's picture

DSK is cleared, free...charges will be dropped

Mon, 08/22/2011 - 16:20 | 1587424 lieutenantjohnchard
lieutenantjohnchard's picture

not sure where the blankfein deal is heading but it takes a while sometimes for the wheels of justice to get rolling. that's the case with financial fraud in the usa, of course. eventually heads will roll as the depression deepens and widens. somebody has to get the blame, and blankfein is the poster boy.

Mon, 08/22/2011 - 16:21 | 1587429 Pretorian
Pretorian's picture

Finnaly the cattle will be pleased and no more question will be asked, and all other Kleptomans can walk free , the lions have been fed.

 

 

Mon, 08/22/2011 - 16:22 | 1587430 Pretorian
Pretorian's picture

Finaly the cattle is pleased and no more question will be asked, and all other Kleptomans can walk free , the lions have been fed.

 

 

Mon, 08/22/2011 - 16:22 | 1587432 Tim Knight from...
Tim Knight from Slope of Hope's picture

Oi vey! Poor Lloyd!

Mon, 08/22/2011 - 16:23 | 1587436 vast-dom
vast-dom's picture

what i'd like to know is how the fuck GS is trading at anything more than $0.666? Oh yeah it's called rigged financial fuckery courtesy of Bernank, et. al

 

Fuck me!

Mon, 08/22/2011 - 16:24 | 1587440 samsara
samsara's picture

Matt Taibbi Helped a little bringing some of this to the public's eye.  

Mon, 08/22/2011 - 16:30 | 1587476 Randy Kruger
Randy Kruger's picture

Matt Taibbi went from rating Moscow bars with "fuckies" (the more the merrier, of course) to writing populist articles for the Rolling Stone.  What a fucking intellectual.

Not defending GS by any measure.  Matt is a douchebag, nevertheless.

Mon, 08/22/2011 - 16:38 | 1587516 Bay of Pigs
Bay of Pigs's picture

-1

How does writing about Wall St fraud make him a "douchebag"?

Mon, 08/22/2011 - 16:50 | 1587529 Randy Kruger
Randy Kruger's picture

That was not the statement made.  Lots of things make Matt a douchebag, both personally and professionally.  Try reading one of his crappy books.

Mon, 08/22/2011 - 17:40 | 1587756 Rick64
Rick64's picture

I read "Spanking the Donkey" and it was pretty good. It exposes the presidential candidates and the campaign trail racket.

Mon, 08/22/2011 - 17:59 | 1587826 goldenrod
goldenrod's picture

You should read "Spanking the Monkey".  It is even better.

Mon, 08/22/2011 - 20:41 | 1588386 Rick64
Rick64's picture

I wrote it.

Tue, 08/23/2011 - 00:56 | 1589206 Savyindallas
Savyindallas's picture

Matt had some nice articles, but after hearing him say he would still vote for Obama instead of Ron Paul (about 6 months  ago) , I don't know if I can trust anything the douchebag says. The bottom line is that if you still support Obama (or Rick Perry for that matter) you have got to be pretty damn stupid. 

Mon, 08/22/2011 - 16:24 | 1587441 pods
pods's picture

Did that NYFED spokesman say that you only need to prosecute when you do something indefensible?

"Honest officer, I was only trying to help that sheep over the fence."

pods

Mon, 08/22/2011 - 18:50 | 1588033 knukles
knukles's picture

when my dork got stuck in it by accident. 

Mon, 08/22/2011 - 16:24 | 1587443 Yardstick of Ci...
Yardstick of Civilization's picture

Bankers are polishing brass on the Titanic, bitchez!!!!!

Mon, 08/22/2011 - 16:32 | 1587488 B-rock
B-rock's picture

The real bankers are building helicopters on the Titanic. Blankfein is a pawn.

Mon, 08/22/2011 - 16:24 | 1587444 4realmoney
4realmoney's picture

The window of opportunity for getting physical at reasonable prices is closing. Keep an eye on Gold Shark. The premiums on krugerrand gold coins have almost doubled in the last two weeks!

Mon, 08/22/2011 - 16:25 | 1587446 Randy Kruger
Randy Kruger's picture

Looks like our boy Lloyd is getting ready to be thrown under the train by his employers.  Makes a perfect scapegoat.

Mon, 08/22/2011 - 16:26 | 1587452 dick cheneys ghost
dick cheneys ghost's picture

All GS employees to gitmo.............NOW

Mon, 08/22/2011 - 16:26 | 1587453 buzzsaw99
buzzsaw99's picture

always hire the joo lawyer...

Claus von Bulow

Mon, 08/22/2011 - 16:27 | 1587459 falak pema
falak pema's picture

A squid has many tentacles. Cut one and ten others appear. Never underestimate the enemy.

Mon, 08/22/2011 - 16:27 | 1587460 Lazlo Toth
Lazlo Toth's picture

GS not traded this low since early 2009.

Mon, 08/22/2011 - 16:27 | 1587461 dwdollar
dwdollar's picture

You can't put God in prison!!!  Seriously, WTF?!?

Mon, 08/22/2011 - 16:28 | 1587463 Whatta
Whatta's picture

Schadenfraude for everybody!!!

Wheeeee Blankenstein is going down, wheeeee GS going down, wheeee BAC going down.....wheeeee EU going down...wheeeeee, Oblamea going down, wheeeee the US going...?????

Mon, 08/22/2011 - 16:37 | 1587512 Randy Kruger
Randy Kruger's picture

Schadenfraude has nothing to do with it, I'd like to think.  People who want to see systemic change are cheering the destruction of the system's elements.  The worst thing that can happen is for stagnation and slow rot to take over.

Mon, 08/22/2011 - 17:03 | 1587625 Lord Welligton
Lord Welligton's picture

When did you realise that you were full of shit?

Mon, 08/22/2011 - 17:11 | 1587651 Randy Kruger
Randy Kruger's picture

I'm glad my comments are eliciting reaction from the goat fornicator readership.  If something specific bothers you, don't be afraid to speak up.

Mon, 08/22/2011 - 19:09 | 1588119 Lord Welligton
Lord Welligton's picture

If something specific bothers you, don't be afraid to speak up.

I doubt that you have anything specific to say.

But do carry on old chap.

Mon, 08/22/2011 - 16:28 | 1587464 JW n FL
JW n FL's picture

The Algos bought the market up to 11,300+/- at the open...

close was 10,800..

More Tax Dollars thrown in the money pit!

Buy the Market up.. Buy Gold + Silver Down.. 3am bullshit crew burning threw the ceiling cap! LOL!!

http://www.youtube.com/watch?v=JnX-D4kkPOQ

Gods Work has GREAT Bonuses!!

Mon, 08/22/2011 - 16:29 | 1587471 Cassandra Syndrome
Cassandra Syndrome's picture

How can a neofeudalist charge another neofeudalist?

Mon, 08/22/2011 - 16:30 | 1587474 High Plains Drifter
High Plains Drifter's picture

if we arrest him and hang him , we are doing God's work , doncha know...

Mon, 08/22/2011 - 16:30 | 1587480 Temporalist
Temporalist's picture

It's transitory.

Mon, 08/22/2011 - 16:32 | 1587485 buzzsaw99
buzzsaw99's picture

gonads and strife

Mon, 08/22/2011 - 16:32 | 1587487 e_goldstein
e_goldstein's picture

calamari, bitchez. 

Mon, 08/22/2011 - 17:45 | 1587775 steelhead23
steelhead23's picture

Someone's been reading Taibbi

Mon, 08/22/2011 - 16:33 | 1587492 anonnn
anonnn's picture

Where is news of Harry Markopolos' [he fingered Madoff] newest investigation of BankOfNewYorkMellon /StateSt scamming pension funds, etc , with suits expected by ALL 50 STATES?

 

http://finance.yahoo.com/blogs/daily-ticker/madoff-whistleblower-big-banks-ripping-off-pension-funds-152836936.html 

Mon, 08/22/2011 - 17:49 | 1587786 Rick64
Rick64's picture

Nice find. Another one handed to them on a platter, lets see what they do with it.

Mon, 08/22/2011 - 16:34 | 1587502 JW n FL
JW n FL's picture

[T]hrough his writings on "competitive strategy" S&P CEO Sharma considers the United States the PROBLEM in today's world, operating with what he implies is an unfair and reckless advantage. The brutal reality is that for "globalization" to succeed the United States must be torn asunder ...

http://www.truth-out.org/standard-poors-and-bilderbergers-all-part-plan/1313765245

Mon, 08/22/2011 - 16:35 | 1587507 Missiondweller
Missiondweller's picture

Did Blankfein lie during congressional testimony about those 'shitty investments"??

Maybe Obama needs to hang a banker to get his street cred back before 2012.

Mon, 08/22/2011 - 17:50 | 1587795 Rick64
Rick64's picture

Hypothetically?

Mon, 08/22/2011 - 17:55 | 1587815 mudduck
mudduck's picture

He lied about not needing or borrowing any money from the fed except what he was forced to. Don't see why that would upset anyone, it's not like he lied about taking perfomance enhancing drugs to give his fast ball a little more pop or any thing important like that.

Mon, 08/22/2011 - 16:37 | 1587515 Lord Welligton
Lord Welligton's picture

My German is not good but.

A translation of Blankfine is ...

Blank (empty) fine(good).

Emptygood.

Although doing "gots werk" maybe it should be ...

Empty (of) God.

Mon, 08/22/2011 - 17:22 | 1587680 Randy Kruger
Randy Kruger's picture

"Blank" means bright or shiny, you lazy nitwit.  Another half-assed attempt at humor, I suppose.

Mon, 08/22/2011 - 19:25 | 1588179 Lord Welligton
Lord Welligton's picture

So that would be Shiny God then.

 

Tue, 08/23/2011 - 01:13 | 1589232 snowball777
snowball777's picture

Then get your "Blank"-box, bitch.

Tue, 08/23/2011 - 00:56 | 1589205 snowball777
snowball777's picture

"llwyd refers to the brown waters of a river in flood"

Mon, 08/22/2011 - 16:39 | 1587523 Irish66
Irish66's picture

I'm tickled pink!

Mon, 08/22/2011 - 16:41 | 1587526 mfoste1
mfoste1's picture

heres an idea.....lets tie him to a pole in govt housing area in central philadelphia and take bets to see what happens :)

Mon, 08/22/2011 - 16:43 | 1587536 buzzsaw99
buzzsaw99's picture

Shove hunits up hizass first then sell tickets.

Mon, 08/22/2011 - 16:40 | 1587527 fonestar
fonestar's picture

Blenkfein go fuck yourself!

Mon, 08/22/2011 - 16:42 | 1587533 karzai_luver
karzai_luver's picture

Hard Times bitchezz........even for god's little beaver.

Mon, 08/22/2011 - 16:42 | 1587534 Vincent Vega
Vincent Vega's picture

I hope that if the squid gets got they can go back and get Paulson too.

Mon, 08/22/2011 - 16:44 | 1587539 mfoste1
mfoste1's picture

obummer is even turning on his own kind right now! talk about desparation to get elected

Mon, 08/22/2011 - 16:46 | 1587546 Prescient_Point
Prescient_Point's picture

Listen carefully ... can you hear it... 'Tchaikovsky's Overture 1812'  ... Ahh the amazing sounds of the canons...

Mon, 08/22/2011 - 17:12 | 1587658 Waffen
Waffen's picture
Die, you motherfuckers!
It's fucking beautiful!
Mon, 08/22/2011 - 16:47 | 1587551 KingdomKum
KingdomKum's picture

Can't you just picture Lloyd bent over with a ball-gag while getting reamed ala Ving Rhames in Pulp Fiction?

 

Pure bliss  .  .  . 

Mon, 08/22/2011 - 16:49 | 1587557 gwar5
gwar5's picture

Blankfein ought to get sentenced to a half-life. Which is life in prison if just half the things they say are true.

 

If there is anybody in Europe who hates GS for setting them up by cooking the books for Greece and Ireland, then this could be banker bitch fight karma. On the other hand, I hope it is a House Banking Committee investigation.

On the bright side for Blankfein, bankers doing God-like productions seem to have superpowers.  DSK just skipped away from the rest of his rape problem thingies today as the Euro rape problem is being pushed under the rug -- "Can't touch this".

 

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