Accidentally Released - and Incredibly Embarrassing - Documents Show How Goldman et

Discussion in 'Media' started by hvactec, May 28, 2012.

  1. hvactec
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    hvactec VIP Member

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    al Engaged in 'Naked Short Selling

    It doesn’t happen often, but sometimes God smiles on us. Last week, he smiled on investigative reporters everywhere, when the lawyers for Goldman, Sachs slipped on one whopper of a legal banana peel, inadvertently delivering some of the bank’s darker secrets into the hands of the public.

    The lawyers for Goldman and Bank of America/Merrill Lynch have been involved in a legal battle for some time – primarily with the retail giant Overstock.com, but also with Rolling Stone, the Economist, Bloomberg, and the New York Times. The banks have been fighting us to keep sealed certain documents that surfaced in the discovery process of an ultimately unsuccessful lawsuit filed by Overstock against the banks.

    Last week, in response to an Overstock.com motion to unseal certain documents, the banks’ lawyers, apparently accidentally, filed an unredacted version of Overstock’s motion as an exhibit in their declaration of opposition to that motion. In doing so, they inadvertently entered into the public record a sort of greatest-hits selection of the very material they’ve been fighting for years to keep sealed.

    Read more: Accidentally Released - and Incredibly Embarrassing - Documents Show How Goldman et al Engaged in 'Naked Short Selling' | Matt Taibbi | Rolling Stone
     
  2. waltky
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    waltky Wise ol' monkey Supporting Member

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    Uncle Ferd says if ya wanna rip-off the `merican public, all ya gotta do is wear a $2,000 Armani suit...
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    Justice Department won't prosecute Goldman Sachs for financial crisis
    August 10, 2012 WASHINGTON – The Justice Department said Thursday it won't prosecute Wall Street firm Goldman Sachs or its employees in a financial fraud probe.
     

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