Anyone see CRAMER arguing with that other guy, DAMN was cramer pissed off!!!!! cnbc took him off quickly!!!
This is old news: http://www.huffingtonpost.com/mike-lux/fraud-at-goldman-sachs_b_342710.html It is a ploy by BO.
No sweat A small fine and some new jobs for the soon to be former government employees at GS and back to business
Rumor: GS might have hedged itself http://www.forexlive.com/100299/all/goldman-told-in-advance-it-faced-sec-action-reuters I thought I was kidding, GS risk management has hedges against alien invasions and the extinction of the human race
GS is gonna get steam rolled on this one. I completely agree with you, the FEDS wouldn't show their hand unless they were 99% certain they could bring a case and win. And whoever said this smells political, any case of this magnitude can't be anything but political. That doesn't mean the SEC is in the wrong here, quite the contrary, they are sending a clear message that there is a new sheriff in town and no firm is too big to be sued.
The GS prop desk must have loaded up today on XLF/MS puts and shorts in order to hedge their financial future. Guess how that will show up in their financials? 'undisclosed equity options'
Everything Paulson and GS touch turns to gold apparently except Paulsons actual gold play which is the one I chose to follow... Urgh. I'm sick of it!
Blankfein won't go to jail. Hell, Blankenship isn't even going to jail and he killed 29 people. If GS is fined more than a slap on the wrist they'll appeal, work the PR end of things with the words "witchhunt" and "taxpayers are paying for a witchhunt" which right now is ...Golden. . Now Martha Stewart, there was an outlaw. Another thought. Regulation around the corner and if this is a show trial that gets expensive it'd play in favor of less regulation that adds to the deficit; the governement isn't going to court with their own legal bench and thats gets expensive. Lets show taxpayers just how expensive it is to take all the big boys to jail.