Secret AIG Document Shows Goldman Sachs Minted Most Toxic CDOs

Discussion in 'Wall St. News' started by hippie, Feb 24, 2010.

  1. Syprik


    Smoking-gun material here. The abysmal cloud surrounding Davis Square Funding tranche cooked up by SG & GS, was in-fact, not rumor.

    "Compounding this, the document and Bloomberg data demonstrate that the banks that bought the swaps from AIG are mostly the same firms that underwrote the CDOs in the first place."

    We suspected this, but finally legitimate validation of such has been made public.

    Joe-six the caveman will pass this over for sneak peeks @ Marriage Ref, unfortunately.
  2. RedDuke


    It is too complicated for most to understand. And even if it ever goes to trial, it would be very difficult to convince jury about crime or malicious intent.

    That is the beauty of such schemes.
  3. If Cheney wasn't laid up in the hospital he'd fire a shotgun in the face of one of these guys.
  4. I wish Goldman Sachs is looted by the average American people one day. If I was a cop, I would look the other way, and maybe shoot some employees just for fun.

    I am dreaming for a day like that
  5. RedDuke


    Most of the hate for GS comes from envy. The envy of not being one of them. Most people (there are exceptions everywhere) who rip GS would go and work for them in a heart beat if the offer was to be extended.

    GS does many nasty things, and they do it because they are good enough to work around current legal framework. Putting their own in government is just brilliant.
  6. What ever happened to belief in free market economics and the concept of "buyer beware". If someone puts their money into products which could lose value (or be worthless to begin with), they should be prepared to accept responsibility if/when that possibility happens.

    The responsibility for a lost bet falls on the gambler. Not the bookie, casino or slot machine manufacturer.
  7. Please do not shoot the receptionist or the cleaning crew. Shoot the decision makers who looted taxpayers when they were secretly bailed out by Paulson & Geitner.
  8. Only those that worship money envy goldman. A person with moral character would never work for such an outfit.

    Some things are more important than money. All you can take with you is that which you given away.
  9. I don't envy GS

    How can I envy bunch of crooks? It is against my belief and religion.

    But I am sure I will enjoy sending some of those crooks to hell with my gun. Now that is a lot of fun.

    I just need the chance; maybe a social disturbance, chaos, anarchy peakoil, depression riot whatever. I am waiting.
    #10     Feb 25, 2010