Author Topic: Golman Sachs (good read)  (Read 1664 times)

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Offline LickNeckey

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Golman Sachs (good read)
« on: May 16, 2011, 01:46:49 PM »
interesting read on the perjury of Goldman Sachs executives and their practices leading up to the mortgage crisis

http://www.rollingstone.com/politics/news/the-people-vs-goldman-sachs-20110511?print=true


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Offline wetwillie

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Re: Golman Sachs (good read)
« Reply #1 on: May 16, 2011, 02:09:26 PM »
 :shakesfist:
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Re: Golman Sachs (good read)
« Reply #2 on: May 16, 2011, 09:10:29 PM »
Welcome to 2008
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Offline pike

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Re: Golman Sachs (good read)
« Reply #3 on: May 16, 2011, 09:16:18 PM »
Must me nice to work for GS. Commit crimes and get away with them, and rape the taxpayers by selling T bills to the fed who will never stop buying them. Good job security.

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Re: Golman Sachs (good read)
« Reply #4 on: May 16, 2011, 09:40:30 PM »



 :shakesfist:  <-- Mel Gipson
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Offline LickNeckey

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Re: Golman Sachs (good read)
« Reply #5 on: May 17, 2011, 10:46:07 AM »
but they didn't perjur themselves till 2010  :ck:

"Goldman Sachs CEO Lloyd Blankfein tesifies before the Senate in April 2010"

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Re: Golman Sachs (good read)
« Reply #6 on: May 17, 2011, 05:56:16 PM »

Pretty sure the recent precedent, as it regards to testifying before the Senate, is that perjury is not a crime.  :ck:

GS pays lawyers an astronomical amount of money to make sure everything unethical and immoral they do is completely legal and disclosed to the bare minimum allowed under securities laws.

If you liked that story, you should check out "The Big Short" by Michael Lewis.  Good short read.
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Offline Paul Moscow

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Re: Golman Sachs (good read)
« Reply #7 on: May 17, 2011, 06:01:16 PM »

Pretty sure the recent precedent, as it regards to testifying before the Senate, is that perjury is not a crime.  :ck:

GS pays lawyers an astronomical amount of money to make sure everything unethical and immoral they do is completely legal and disclosed to the bare minimum allowed under securities laws.

If you liked that story, you should check out "The Big Short" by Michael Lewis.  Good short read.

This is what is implemented by large corporations like GS under the guise of asking for deregulation. Really, they want their respective industries rigged so as to benefit them best. It is a re-regulation.

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Re: Golman Sachs (good read)
« Reply #8 on: May 17, 2011, 06:14:13 PM »

Pretty sure the recent precedent, as it regards to testifying before the Senate, is that perjury is not a crime.  :ck:

GS pays lawyers an astronomical amount of money to make sure everything unethical and immoral they do is completely legal and disclosed to the bare minimum allowed under securities laws.

If you liked that story, you should check out "The Big Short" by Michael Lewis.  Good short read.

This is what is implemented by large corporations like GS under the guise of asking for deregulation. Really, they want their respective industries rigged so as to benefit them best. It is a re-regulation.

Technically, GS is not a corporation.  But, you are right.  The more regulation, the more opportunities to craft (i.e. lobby) the rules in your favor, while simultaneously making it more difficult for new market entrants (i.e. competition) due to regulatory entrance costs and ongoing compliance. 

Deregulation is a misnomer when used in this manner you describe.  However, true deregulation has proven lucrative to all americans, particularly small business owners (startups).
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Re: Golman Sachs (good read)
« Reply #9 on: May 19, 2011, 07:21:58 PM »
If you liked that story, you should check out "The Big Short" by Michael Lewis.  Good short read.

I read "Liar's Poker" a while ago, great book, makes me want to be a wall street trader
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