Surprise - Justice Department will not file charges against Goldman Sachs

[GerardWon]

Ok, so it looks like they misrepresented their opinions to congress. I don't really see how that could be proven. Isn't contempt of congress more for things where people are clearing lying about facts?

Why is it a problem that they moved from being long mortgages to massively short? They were selling to other sophisticated wall street firms and clients. The other firms should have better understood the risks.

They have teams of lawyers to ensure they are acting within the law.

I was gonna post this: No seriously? They basically helped to create the market and then they manipulated it by shorting the shit outta of it.

But I decided to go with a couple of quotes from the novel The Godfather: "A lawyer with his briefcase can steal more than a hundred men with guns."
And here he quotes Balzac at the beginning "Behind every great fortune, there is a crime."

idk it just seemed appropriate

 

[ck256]

This is interesting,,,GS didn't get their programmer in federal court, going after him in state court.

Ex-Goldman Programmer Is Arrested Again - NYTimes.com

Timing is odd.

 

[ck256]

Having a greedy corporate culture is not illegal. Why don't you tell me something that they did that was illegal that they haven't already admitted/settled?

I'm not the one claiming or implying that justice wasn't served. So you do the research.

Shhhh, nothing to see here, move along.

Overstock.com and its RICO action against Goldman Sachs and Merrill Lynch | RICO LAW

There's another example.

 

[ck256]

Source: U.S. Won't Pursue Goldman Charges - WSJ.com


In an odd coincidence, Goldman Sachs was the second largest campaign contributors to Obama in 2008. In fact, they gave far more money to Obama than all of the other candidates combined - so maybe they knew something ahead of time?

Now they're giving all of their money to Romney...

It's probably in their best interest to keep the administration different every 4 years? New people, people they can control and bribe?

 

[Garrett]

Relevant

This movie just came on Netflix Instant and is definitely worth the watch. Usually I don't like slow financial dramas but this one was great. The villain is epic

http://www.imdb.com/title/tt1615147/

 

[Unarmed Gunman]

Relevant

This movie just came on Netflix Instant and is definitely worth the watch. Usually I don't like slow financial dramas but this one was great. The villain is epic

Margin Call (2011) - IMDb

Great fucking movie.