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taught_me_patience (1000+ posts) Send PM | Profile | Ignore | Fri Apr-16-10 09:47 AM Original message |
SEC Sues Goldman Sachs, Alleging Fraud in CDO Tied to Subprime |
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high density (1000+ posts) Send PM | Profile | Ignore | Fri Apr-16-10 09:49 AM Response to Original message |
1. Whee, as the stock goes down 7% |
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laughingliberal (1000+ posts) Send PM | Profile | Ignore | Fri Apr-16-10 12:09 PM Response to Reply #1 |
38. If their stock rose on fraudulent practices, it needs to come down. |
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aquart (1000+ posts) Send PM | Profile | Ignore | Fri Apr-16-10 01:01 PM Response to Reply #1 |
53. 25%. |
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anigbrowl (1000+ posts) Send PM | Profile | Ignore | Fri Apr-16-10 01:45 PM Response to Reply #53 |
56. No. It's off (about) $25, 12-13%. don't mix up the price and percentage. nt |
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TacticalPeek (1000+ posts) Send PM | Profile | Ignore | Fri Apr-16-10 09:50 AM Response to Original message |
2. Poor things. |
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mbperrin (1000+ posts) Send PM | Profile | Ignore | Fri Apr-16-10 09:56 AM Response to Original message |
3. Now some real punishment, please! |
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cascadiance (1000+ posts) Send PM | Profile | Ignore | Fri Apr-16-10 09:56 AM Response to Original message |
4. Go Down suckers! Matt Taibi, you rock! They're now having to pay the piper! |
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Tandalayo_Scheisskopf (1000+ posts) Send PM | Profile | Ignore | Fri Apr-16-10 03:55 PM Response to Reply #4 |
72. You likely could not... |
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ensho (1000+ posts) Send PM | Profile | Ignore | Fri Apr-16-10 09:57 AM Response to Original message |
5. good |
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Democat (1000+ posts) Send PM | Profile | Ignore | Fri Apr-16-10 10:31 AM Response to Original message |
6. They will have to double their donations to Republicans this fall! |
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BeyondGeography (1000+ posts) Send PM | Profile | Ignore | Fri Apr-16-10 11:00 AM Response to Original message |
7. U.S. Accuses Goldman Sachs of Fraud |
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RamboLiberal (1000+ posts) Send PM | Profile | Ignore | Fri Apr-16-10 11:01 AM Response to Original message |
8. U.S. Accuses Goldman Sachs of Fraud |
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FSogol (1000+ posts) Send PM | Profile | Ignore | Fri Apr-16-10 11:01 AM Response to Reply #8 |
9. The first of many....I hope. n/t |
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UpInArms (1000+ posts) Send PM | Profile | Ignore | Fri Apr-16-10 11:01 AM Response to Reply #8 |
10. Goldman is a criminal organization |
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Prometheus Bound (1000+ posts) Send PM | Profile | Ignore | Fri Apr-16-10 05:21 PM Response to Reply #10 |
75. But their CEO says their doing God's work. |
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wordpix (1000+ posts) Send PM | Profile | Ignore | Fri Apr-16-10 08:42 PM Response to Reply #10 |
85. what about Hank Paulson? CDO's were an "active part of GS' business" during his CEO tenure |
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UpInArms (1000+ posts) Send PM | Profile | Ignore | Sat Apr-17-10 07:08 PM Response to Reply #85 |
95. nice post, wordpix! |
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ixion (1000+ posts) Send PM | Profile | Ignore | Fri Apr-16-10 11:01 AM Response to Reply #8 |
11. civil suit.... meh... bring on criminal charges |
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dipsydoodle (1000+ posts) Send PM | Profile | Ignore | Fri Apr-16-10 11:01 AM Response to Reply #8 |
12. A silver lining in the cloud |
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lxlxlxl (1000+ posts) Send PM | Profile | Ignore | Fri Apr-16-10 11:01 AM Response to Reply #8 |
13. wow...the market is vomiting right now...which is probably good |
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SOS (1000+ posts) Send PM | Profile | Ignore | Fri Apr-16-10 11:01 AM Response to Reply #8 |
14. Thanks to Michael Lewis and Vanity Fair! |
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Proletariatprincess (527 posts) Send PM | Profile | Ignore | Fri Apr-16-10 11:01 AM Response to Reply #8 |
15. Let's hope that Shittybank and Skank of America are next! |
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NoSheep (1000+ posts) Send PM | Profile | Ignore | Fri Apr-16-10 11:01 AM Response to Reply #8 |
16. Imagine seeing headlines like this everyday! |
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Name removed (0 posts) Send PM | Profile | Ignore | Fri Apr-16-10 11:01 AM Response to Reply #8 |
17. Deleted sub-thread |
Romulox (1000+ posts) Send PM | Profile | Ignore | Fri Apr-16-10 11:01 AM Response to Reply #8 |
18. There's no criminal analogue to civil Securites Fraud charges? |
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alcibiades_mystery (1000+ posts) Send PM | Profile | Ignore | Fri Apr-16-10 11:24 AM Response to Reply #18 |
29. There is certainly a criminal analogue |
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Romulox (1000+ posts) Send PM | Profile | Ignore | Fri Apr-16-10 11:28 AM Response to Reply #29 |
30. Since the standard of proof is much higher in a criminal court, it seems to me that |
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BumRushDaShow (1000+ posts) Send PM | Profile | Ignore | Fri Apr-16-10 11:01 AM Response to Reply #8 |
19. Just the tip of the iceberg! n/t |
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CharmCity (202 posts) Send PM | Profile | Ignore | Fri Apr-16-10 11:01 AM Response to Reply #8 |
20. This is huge! |
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pattmarty (1000+ posts) Send PM | Profile | Ignore | Fri Apr-16-10 11:01 AM Response to Reply #8 |
21. I believe (as do many others) that you have to have a deterent............. |
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salguine (1000+ posts) Send PM | Profile | Ignore | Fri Apr-16-10 11:01 AM Response to Reply #8 |
22. And absolutely nothing whatsoever will be done about it. Goldman Sachs owns the government. |
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anigbrowl (1000+ posts) Send PM | Profile | Ignore | Fri Apr-16-10 12:36 PM Response to Reply #22 |
46. The SEC is part of the government... |
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salguine (1000+ posts) Send PM | Profile | Ignore | Fri Apr-16-10 05:36 PM Response to Reply #46 |
77. Have you ever heard of a "show trial"? Or a "façade"? Or a "joke"? Or anything |
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anigbrowl (1000+ posts) Send PM | Profile | Ignore | Fri Apr-16-10 08:19 PM Response to Reply #77 |
82. Yes...and this ain't the case here. |
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salguine (1000+ posts) Send PM | Profile | Ignore | Sat Apr-17-10 12:17 AM Response to Reply #82 |
92. Yeah, I "just want to wave a pitchfork". Why don't you go ahead and explain? I'm listening. |
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anigbrowl (1000+ posts) Send PM | Profile | Ignore | Sat Apr-17-10 01:10 AM Response to Reply #92 |
94. Well have a look at #83 |
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colsohlibgal (670 posts) Send PM | Profile | Ignore | Fri Apr-16-10 11:01 AM Response to Reply #8 |
23. Surprising |
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Vinnie From Indy (1000+ posts) Send PM | Profile | Ignore | Fri Apr-16-10 11:01 AM Response to Reply #8 |
24. Don't get to giddy just yet. |
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icee (1000+ posts) Send PM | Profile | Ignore | Fri Apr-16-10 11:01 AM Response to Reply #24 |
25. Right. Good point. GS may have that SEC Chief under contract |
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Roland99 (1000+ posts) Send PM | Profile | Ignore | Fri Apr-16-10 11:01 AM Response to Reply #8 |
26. K&R with a vengeance!! |
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JBoy (1000+ posts) Send PM | Profile | Ignore | Fri Apr-16-10 11:11 AM Response to Original message |
27. Stand by for stories of how Goldman shorted the market to profit from today's decline. |
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tranche (913 posts) Send PM | Profile | Ignore | Fri Apr-16-10 12:55 PM Response to Reply #27 |
49. +1 I'm waiting for this too. |
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BootinUp (1000+ posts) Send PM | Profile | Ignore | Fri Apr-16-10 12:56 PM Response to Reply #27 |
50. good call. nt |
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Roland99 (1000+ posts) Send PM | Profile | Ignore | Fri Apr-16-10 11:14 AM Response to Original message |
28. Goldman Sachs' new $2 billion corporate palace >>>>>> |
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wordpix (1000+ posts) Send PM | Profile | Ignore | Fri Apr-16-10 08:48 PM Response to Reply #28 |
86. aw those poor GS higher ups have to commute from Greenwich! How terrible! |
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depakid (1000+ posts) Send PM | Profile | Ignore | Fri Apr-16-10 11:29 AM Response to Original message |
31. High time- I suspect that the shenanigans in Greece were the final straw |
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Dinger (1000+ posts) Send PM | Profile | Ignore | Fri Apr-16-10 11:31 AM Response to Original message |
32. Isn't geithner Associated With them In Some Way? |
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taught_me_patience (1000+ posts) Send PM | Profile | Ignore | Fri Apr-16-10 11:37 AM Response to Reply #32 |
34. Turbo Timmeh |
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Dinger (1000+ posts) Send PM | Profile | Ignore | Fri Apr-16-10 11:42 AM Response to Reply #34 |
35. Seems To Me This Should Get Some Attention By The Media? |
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AngryOldDem (1000+ posts) Send PM | Profile | Ignore | Fri Apr-16-10 12:54 PM Response to Reply #35 |
48. Read Sorkin's "Too Big To Fail" |
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napi21 (1000+ posts) Send PM | Profile | Ignore | Fri Apr-16-10 12:10 PM Response to Reply #32 |
39. Tim was the overseer of GS but he worked for the NY Fed. |
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Romulox (1000+ posts) Send PM | Profile | Ignore | Fri Apr-16-10 11:35 AM Response to Original message |
33. How can anybody be prosecuted while Larry Summers remains in the cabinet? |
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Dinger (1000+ posts) Send PM | Profile | Ignore | Fri Apr-16-10 11:42 AM Response to Reply #33 |
36. geithner too (nt) |
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MGKrebs (1000+ posts) Send PM | Profile | Ignore | Fri Apr-16-10 12:04 PM Response to Original message |
37. That is so sickeningly cynical. |
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Po_d Mainiac (1000+ posts) Send PM | Profile | Ignore | Fri Apr-16-10 12:16 PM Response to Original message |
40. Goldman Sachs Sued by SEC for Fraud Tied to CDOs |
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anigbrowl (1000+ posts) Send PM | Profile | Ignore | Fri Apr-16-10 12:16 PM Response to Reply #40 |
41. Heh - been expecting this. It'll piss some DUer's off though |
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notesdev (1000+ posts) Send PM | Profile | Ignore | Fri Apr-16-10 12:16 PM Response to Reply #41 |
43. We'll see |
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sabrina 1 (1000+ posts) Send PM | Profile | Ignore | Fri Apr-16-10 12:59 PM Response to Reply #41 |
52. Eliott Spitzer never had any problem going after Wall St. |
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AnneD (1000+ posts) Send PM | Profile | Ignore | Fri Apr-16-10 01:21 PM Response to Reply #52 |
54. And many of us on SWT think that.... |
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unabelladonna (483 posts) Send PM | Profile | Ignore | Fri Apr-16-10 06:08 PM Response to Reply #54 |
81. spitzer had a bullseye painted on him |
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sabrina 1 (1000+ posts) Send PM | Profile | Ignore | Sat Apr-17-10 12:48 AM Response to Reply #81 |
93. Yes, I know ~ he was |
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anigbrowl (1000+ posts) Send PM | Profile | Ignore | Fri Apr-16-10 01:42 PM Response to Reply #52 |
55. Really? Can you identify some successful convictions? |
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sabrina 1 (1000+ posts) Send PM | Profile | Ignore | Fri Apr-16-10 05:57 PM Response to Reply #55 |
79. Well, he went after WorldCom execs |
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anigbrowl (1000+ posts) Send PM | Profile | Ignore | Fri Apr-16-10 08:26 PM Response to Reply #79 |
83. No disagreement about any of that |
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sabrina 1 (1000+ posts) Send PM | Profile | Ignore | Sat Apr-17-10 12:00 AM Response to Reply #83 |
91. I agree it is good news and hopefully just a start. It certainly |
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wordpix (1000+ posts) Send PM | Profile | Ignore | Fri Apr-16-10 09:02 PM Response to Reply #55 |
88. oh well, meanwhile GS' stock price & everyone connected to this scam are in jeopardy |
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wordpix (1000+ posts) Send PM | Profile | Ignore | Fri Apr-16-10 08:54 PM Response to Reply #52 |
87. bring him back! Spitzer NOW! |
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robertpaulsen (1000+ posts) Send PM | Profile | Ignore | Fri Apr-16-10 12:16 PM Response to Reply #40 |
42. To the greatest page! K&R! |
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Roland99 (1000+ posts) Send PM | Profile | Ignore | Fri Apr-16-10 12:16 PM Response to Reply #40 |
44. dupe |
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yurbud (1000+ posts) Send PM | Profile | Ignore | Fri Apr-16-10 12:32 PM Response to Original message |
45. I'm still waiting for some orange jumpsuit photos of Goldman execs |
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AngryOldDem (1000+ posts) Send PM | Profile | Ignore | Fri Apr-16-10 12:50 PM Response to Original message |
47. Of course, John Boehner tries to turn this back around on Obama... |
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dmosh42 (1000+ posts) Send PM | Profile | Ignore | Fri Apr-16-10 12:57 PM Response to Original message |
51. About fucking time somebody gets some heat!..... |
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Joanne98 (1000+ posts) Send PM | Profile | Ignore | Fri Apr-16-10 01:53 PM Response to Original message |
57. Goldman Sachs charged with fraud, stage set for fiery reform debate |
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BootinUp (1000+ posts) Send PM | Profile | Ignore | Fri Apr-16-10 01:53 PM Response to Reply #57 |
58. Lets rake 'em over the coals. nt |
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Joanne98 (1000+ posts) Send PM | Profile | Ignore | Fri Apr-16-10 01:53 PM Response to Reply #58 |
59. YEAH! |
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florida08 (1000+ posts) Send PM | Profile | Ignore | Fri Apr-16-10 01:53 PM Response to Reply #57 |
60. yes!! |
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pattmarty (1000+ posts) Send PM | Profile | Ignore | Fri Apr-16-10 01:53 PM Response to Reply #57 |
61. They're gonna win in the end, you know. But let's hope that it takes.. |
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dotymed (1000+ posts) Send PM | Profile | Ignore | Fri Apr-16-10 01:53 PM Response to Reply #61 |
64. They'll probably |
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pattmarty (1000+ posts) Send PM | Profile | Ignore | Fri Apr-16-10 01:53 PM Response to Reply #64 |
67. No, I think for "that crime" he surely would have been put to death. |
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Mopar151 (1000+ posts) Send PM | Profile | Ignore | Fri Apr-16-10 01:53 PM Response to Reply #57 |
62. Finally, the compost has hit the wind turbine.... n/t |
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ozone_man (1000+ posts) Send PM | Profile | Ignore | Fri Apr-16-10 01:53 PM Response to Reply #62 |
69. Don't malign compost that way. |
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Mopar151 (1000+ posts) Send PM | Profile | Ignore | Fri Apr-16-10 04:49 PM Response to Reply #69 |
74. Should I have said |
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Turbineguy (1000+ posts) Send PM | Profile | Ignore | Fri Apr-16-10 01:53 PM Response to Reply #57 |
63. The SEC is |
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Romulox (1000+ posts) Send PM | Profile | Ignore | Fri Apr-16-10 01:53 PM Response to Reply #57 |
65. Why no criminal prosecution??? Fraud isn't a mere civil infraction. nt |
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anigbrowl (1000+ posts) Send PM | Profile | Ignore | Fri Apr-16-10 03:09 PM Response to Reply #65 |
70. It depends on the kind of fraud |
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Romulox (1000+ posts) Send PM | Profile | Ignore | Fri Apr-16-10 04:40 PM Response to Reply #70 |
73. The kind of fraud that involves misrepresentations and millions of dollars is a criminal matter. nt |
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anigbrowl (1000+ posts) Send PM | Profile | Ignore | Fri Apr-16-10 05:28 PM Response to Reply #73 |
76. As I said, the SEC has no jurisdiction to bring criminal charges. |
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wordpix (1000+ posts) Send PM | Profile | Ignore | Fri Apr-16-10 09:06 PM Response to Reply #70 |
89. I'm sure DOJ will be kept informed - hopefully they won't let GS pull a "Massey" |
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GreenTea (1000+ posts) Send PM | Profile | Ignore | Fri Apr-16-10 01:53 PM Response to Reply #57 |
66. Really, What's new & where's the problem? This is what business in this country is all about and |
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Beetwasher (1000+ posts) Send PM | Profile | Ignore | Fri Apr-16-10 01:53 PM Response to Reply #57 |
68. Repubs PLEASE PLEASE PLEASE OBSTRUCT!!!! |
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Odin2005 (1000+ posts) Send PM | Profile | Ignore | Fri Apr-16-10 03:16 PM Response to Original message |
71. Good! |
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unabelladonna (483 posts) Send PM | Profile | Ignore | Fri Apr-16-10 05:55 PM Response to Original message |
78. this is why i voted for obama |
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Dinger (1000+ posts) Send PM | Profile | Ignore | Fri Apr-16-10 05:59 PM Response to Original message |
80. geithner on MTP This Sunday |
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wordpix (1000+ posts) Send PM | Profile | Ignore | Fri Apr-16-10 09:07 PM Response to Reply #80 |
90. that oughta be a good one |
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wordpix (1000+ posts) Send PM | Profile | Ignore | Fri Apr-16-10 08:29 PM Response to Original message |
84. now this is change I believe in! GOBAMA |
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