Do tell. What was it they did that was illegal? A:nothing. Why? they simply followed the rules made by a dumbass politicans. If you can't see that politicans are truly to blame for allowing high leverage blow ups at banks and insurance co's your highly misled. Wallstreeters scum will always go for the highest paycheck. That is THE NAME OF THE GAME. GS is not Enron.
They used their "dumbass" ex-CEO(Paulson) to make the rules on leverage that is "what they did" and directly brought on the crisis. If you can't see that, then you are highly misled.
You are a goldman player!!! GS is enron! What ever happen to those leveraged derivatives they swapped ?Politicans ok'ed this but some unsuspecting politicians who are lazy asses trusted the likes of paulsen about the true nature of those "credit default swaps"! He knew what they were, the head of the sec knew, the head of the cftc knew, GS ,lehman, bear stearns, aig; they knew.Do you know even today what they are, when you find out you might not be such a player for GS. No one gets away with this kinda of crap! Watch how they get clobbered! Those greedy bastards aren't even quitting they are waiting and waiting for their little bonuses! Hahah smarmy idiots! oh do you really think GS is better than Lehman or Bear Stearns, they just havent been clobbered yet!
Not when you are government sachs. Just make them a fully protected gov't agency then and that should do the trick.
I would take into consideration Blankfein´s apology, if he personally donates his total 2007 / 2008 bonus payment for charity. Of course, "Blanky" is too smart ass to do so...
Gs is the only company getting away with this kinda of crap! here is what i suspect happened! Tim Geitner and his ego wanted to get along with his ole freinds from GS. If it was his money that he was negotiating with when he worked out the Aig deal he he probably would have worked it for about .95 on the dollar! But it wasn't his money nor did he or GS even think for a minute that it really didnt make a difference 100 cents versus .40. so why look foolish in front of the bro's from the ole firm? This story is tooooo unbelievably stupid. Credit default swaps, omg somebody arrest barney frank, bill clinton, rahm emmanuel, tim geitner, and everybody from lehman, bear stearns, gs, aig, citibank & merril lynch!