Goldman Sachs Ripped Off And Misled Clients, Senate Report Says

Discussion in 'Stock Market' started by auditor0007, Apr 16, 2011.

  1. auditor0007
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    auditor0007 Gold Member

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    And we give these guys tax breaks? We ought to hang them.


    Goldman Sachs Ripped Off And Misled Clients, Senate Report Says



    Goldman Sachs Ripped Off And Misled Clients, Senate Report Says
     
    Last edited: Apr 16, 2011
  2. editec
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    editec Mr. Forgot-it-All

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    NEITHER the Republicans nor Democratic administrations seem remotely interested in doing anything about WALL STREET BANKSTERS' crimes

    And yet, amaingly, many of you STILL BELIEVE that one party is fundamentally different than the other.

    Why?

    Well they are, I suppose ...on social issues.

    And why is it that they are so different on social issues but so similar on issues like this one?

    I'll leave it to you guys to connect those dots.
     
  3. Douger
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    Douger BANNED

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    Jankers. "Gold-man"
     
  4. Mad Scientist
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    Mad Scientist Deplorable Gold Supporting Member Supporting Member

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    Obama could start by purging his cabinet and government appointees of all those Goldman Sachs and Banker types.

    First would be Obamas Chief of Staff William Daley who is a Morgan Chase banker.
     
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  5. Paulie
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    Paulie Platinum Member

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    They ALL put bankers in high places. ALL of them.

    Paulson was ex-CEO of Goldman. I'm sure there was no coincidence at all that he was the main pusher of TARP, which probably benefited Goldman the most.
     
  6. editec
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    editec Mr. Forgot-it-All

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    Bingo!

    Democratic administration or Republican the Banksters are really calling the shots.
     
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  7. uscitizen
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    uscitizen Senior Member

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    should we expect them to attack their masters?
     
  8. Mad Scientist
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    Mad Scientist Deplorable Gold Supporting Member Supporting Member

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    "You must spread some Reputation around before giving it to editec again."
     
  9. uscitizen
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    uscitizen Senior Member

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    Hey and lets not forget The ratings companies like Moodys who falsely rated the securities high.
     
  10. william the wie
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    william the wie Gold Member

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    Sui generis (legalese for "hell we've done it before, let's do it again.") probably makes prosecution impossible.

    CDOs go back to the S&L crisis.

    Foreign but not domestic CDSs and shortsales helped sink Long Term Capital Management in 98. No prosecutions of domestic CDS buyers and sellers in foreign markets followed.

    The selling of ratings was testified to in congress during the derivatives scandals of the Clinton administration as were selling practices.

    What prosecution tactic can circumvent enough of this "established law" to be sustained on appeal? Hedging is legal and need nor be disclosed.
     

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