These F@#king Guys....
A: Ahhhhhh Jon Stewart, never disappoints. Ehh, I need some afternoon humor as this data work is driving me crazy. The project is in the final stages of development after a major structural upgrade with source data, but unfortunately we will not be able to get this up by May 1st. I'm hoping the delay will only be a week or two. Hang in there and please know that content will be light until this mission is accomplished!
So, can someone explain what these guys did to cause the SEC to take such drastic action against the firm that does 'gods work'?
Explanation #1: "Lets treat GS as if it were an antique car dealer, an exotic car dealer..."
Explanation #2: "If Im buying a meal from you, I want to know that the meal is actually nourishing for me when I give you money that you are not selling me a poison meal betting that I am going to die.."
Explanation #3: "Its sorta like the Mets playing the Yankees, but the manager of the Mets gets to pick the Yankee lineup.."
Explanation #4: "When you buy a used car you want to buy one that is certified right? So you buy the car and it breaks, they shouldn't have certified it as being certified, because it wasn't...my used car analogy, do you think this explains to folks what was going on here?"
Classic.
Posted by Stephanie Davis
Tue Apr 20th, 2010 07:56 PM
LOOOOOOOOOOOVVVVEEE Daily Show!
Posted by ThirdRail
Wed Apr 21st, 2010 03:04 AM
What's the problem..?
Aren't Goldman doing God's work?
Posted by gretta
Wed Apr 21st, 2010 09:12 AM
what is interesting on this site is how people from the industry always try to show that they know the inner workings of this deal, that transaction,blurring the issues behind technicalities.
the elephant is very visible though.
it is called FRAUD.
it is a the center of Wall street/Wahington and only the most blatant oblivion pevents it from surfacing. It is coming out though.
the financial enginnering/whizardry is nothing more than new means to fraudulently decrease perceived risk and take in fees for that.
the backlash is only beginning.
Posted by Potential Buyer
Wed Apr 21st, 2010 10:39 AM
I would have thought (as you did Noah) that the stock market would have reacted much more dramatically to this case against Goldman (and possibly more cases to come against other banks). The market hasn't; do you think the consensus is that Goldman will be able to shrug this off without being damaged too much?
Posted by Noah
Wed Apr 21st, 2010 11:20 AM
PB - yes Im shocked too only because of where we came from. Lets face it, bank stocks are up what? 200-350% in last 13 months? Crazy.
It tells me this market is rigged, and the fed is orchestrating the rigging and the players are trading on top of it. Fine. Markets often get irrational and can stay that way for a long time. Tells me markets path of least resistance is UP. The thing is, you never know when that changes and what piece of news will trigger the change. Could be news that everyone thought was old. I think markets are not too worried about the SEC against GS, and the worst case will be a fine and some reputational risk that GS likely is prepared to handle.
Posted by coach handbags
Thu Aug 12th, 2010 10:09 PM
The project is in the final stages of development after a major structural upgrade with source data, but unfortunately we will not be able to get this up by May 1st. I'm hoping the delay will only be a week or two. Hang in there and please know that content will be light until this mission is accomplished!