do you really believe the Congress will go up against Goldman.... The US is completely leaderless and corrupt..... as soon as Goldman sees speculative flows can be made shorting crude, there will be few complaints.... fvck Congress...........
First these banks sell everyone on bullshit mortgages, and Goldman has the balls to fade everyone. Now they are trying to drive consumers into the ground via oil. WTF, somebody needs to go to jail. This is one corrupt f'ing country. :eek: Taking advantage of speculators is one thing, but there are laws against price gouging against the general public. Funny how oil runs up, but crude stockpiles are fine. Like a stock with a 100 million float, trading 1 million a day, but the price skyrockets. There is no shortage, it's just assholes trading futures contracts back and forth. Washington needs to get in gear. This country is gonna be in big trouble with $4 gas.
Washington in gear??? Everyone is in Iowa...nobody home in DC...plus election year an all. Energy rape and pillaging will continue in 2008.
Excellent Commentary All ............................................................................... The Goldman Creed Just make money. It does not matter that you own the legal largesse along with the method within itself. No, the market is not a free market. As no markets are. If you are big enough and smart enough to take me down, ok, then this will be my loss. However if you are not, then it will clearly be yours. There is no right , there is no wrong, and what is it to you anyway. This is definitely Goldman, through and through. If one wants to win the game, they just have to be bigger and better. Hey it is ok that the ex Ceo of Goldman has millions in his personal bank account related to the mortgage instrument debacle. Everything is just fine. Wall Street at their finest hour. One must always be prepared, and never underestimate the competition. You relax, you lose.
capitalism is darwinistic, not socialistic. thats the game we all pride ourselves in participating. and guess who wins in capitalism? the richest. aka plutocratic society.
Tsk tsk, haven't you heard? The self-proclaimed "wise sages" of ET always state that there is no manipulation in the markets. You got that? Absolutely no manipulation. Peak oil and all. Forget that tanker rates are through the roof because all the tankers are full and anchored off shore....it's all about peak oil, y'hear? Hedge funds pay 1.00 per share in stock transaction fees...."because there is no manipulation", they just got too much money and want to spread all the love, that's all. If markets were not manipulated, gold would be at 1000, oil would be 50 and the USD would be worthless.
Actually Goldman Sachs has over $100 billion invested in oil according to several independent sources, an looking for more positions.