more corrupt bank news

[Palin Rider]

Ask any and all mods if your baseless charge has any merit. Unless you have some evidence to produce that would back your baseless charge. I await your submitting of evidence.

Since the mods obviously won't tell me anything, I'll use the fj approach to evidence:

I've already proved it conclusively.

[Kathianne]

Why bother? You can just keep whining to the mods to pull me off the threads you troll on.

Trolling/flaming. Stop or you WILL be removed from thread.

[Kathianne]

That would imply I've done that before. Clearly a falsehood to which you're no stranger.

End of discussions related to moderating. For the record, Fj1200 has NOT 'reported posts,' no more discussion.

[revelarts]

Congressional Docs SHOW Goldman Sachs CROOKS!!!

In the new report released late Wednesday, Levin and Coburn unveiled new documents that they believe prove that Goldman took "short" positions; in other words, they bet against the mortgage market in an effort to profit when the market went south. The lawmakers contend that Goldman was designing, marketing, and selling mortgage-backed securities such as Timberwolf that created conflicts of interest with the investment giant's clients because the firm would profit when the risky loans went sour, while the clients -– unaware that Goldman was betting against the same loans -– would suffer substantial losses.

"Our investigation found a financial snake pit rife with greed, conflicts of interest, and wrongdoing," Levin said in releasing the report.

"The free market has helped make America great, but it only functions when people deal with each other honestly and transparently," Coburn said. "At the heart of the financial crisis were unresolved, and often undisclosed, conflicts of interest. Blame for this mess lies everywhere from federal regulators who cast a blind eye, Wall Street bankers who let greed run wild, and members of Congress who failed to provide oversight."....

http://abcnews.go.com/Politics/senat...ry?id=13373662

[fj1200]

Congressional Docs SHOW Goldman Sachs CROOKS!!!

Where was the crime?

[Kathianne]

Where was the crime?

Too much money! Hate the rich!

[fj1200]

Too much money! Hate the rich!

Sometimes it doesn't seem much deeper than that.

[revelarts]

Where was the crime?

So it's not criminal to design, market, and sell mortgage-backed securities that you KNOW are Bad. Sell them at inflated prices, market them as AAA AND bet that the value will go down. Against their valued customers they just sold them to and the rest of the market.

I thought that might be called fraud.
I've heard some say it's just savvy business.

Not exactly creating value there.
not exactly serving the customer would you say?

Hating on the rich?
I hate on the rich when they are crooks
i hate on the poor when they are crooks.
Equally opportunity hater Kath.
You know me.

But the Numbers do make a difference. I do think stealing a billions from the whole country is worse than stealing $150 from the 7-11.

That's why I post the pentagon Trillions and billions and millions of dollars trickling into the winds stories that everyone ignores.

Big Dollars, BIG losses are Important. But No one seems to care enough to even complain.

No one is willing to Says there's Fraud, Corruption andor MONUMENTAL STUPIDITY that allows this to go on an on for years.

No one is investigated
No one is fried
No one goes to jail
No one really trys to make and account or get funds returned.
no one seems to care.
...Billions under the bridge...OH well...

now we see that GSachs is Sacking wall St and the gov't with insider trading naked short selling. Cronys, former employees, in the gov't at the highest levels Bailing out there people for GS's benefit while there competitors go down the toilet unaware of GSachs dealing.
Not my idea of Free market there folks.

A Crook is a crook.
Bernie Made-off was rich and is a Crook,
Gold-mans Sacks is Made-off on Hyperdrive.

http://www.deepcapture.com/goldman-s...d-our-economy/

http://www.deepcapture.com/category/...nsincere-ious/

[logroller]

So it's not criminal to design, market, and sell mortgage-backed securities that you KNOW are Bad. Sell them at inflated prices, market them as AAA AND bet that the value will go down. Against their valued customers they just sold them to and the rest of the market.

I thought that might be called fraud.
I've heard some say it's just savvy business.

Not exactly creating value there.
not exactly serving the customer would you say?

Hating on the rich?
I hate on the rich when they are crooks
i hate on the poor when they are crooks.
Equally opportunity hater Kath.
You know me.

But the Numbers do make a difference. I do think stealing a billions from the whole country is worse than stealing $150 from the 7-11.

That's why I post the pentagon Trillions and billions and millions of dollars trickling into the winds stories that everyone ignores.

Big Dollars, BIG losses are Important. But No one seems to care enough to even complain.

No one is willing to Says there's Fraud, Corruption andor MONUMENTAL STUPIDITY that allows this to go on an on for years.

No one is investigated
No one is fried
No one goes to jail
No one really trys to make and account or get funds returned.
no one seems to care.
...Billions under the bridge...OH well...

now we see that GSachs is Sacking wall St and the gov't with insider trading naked short selling. Cronys, former employees, in the gov't at the highest levels Bailing out there people for GS's benefit while there competitors go down the toilet unaware of GSachs dealing.
Not my idea of Free market there folks.

A Crook is a crook.
Bernie Made-off was rich and is a Crook,
Gold-mans Sacks is Made-off on Hyperdrive.

http://www.deepcapture.com/goldman-s...d-our-economy/

http://www.deepcapture.com/category/...nsincere-ious/

What's savvy is getting the American taxpayer to bail them out.

"Equal opportunity hater" classic

[fj1200]

So it's not criminal to design, market, and sell mortgage-backed securities that you KNOW are Bad. Sell them at inflated prices, market them as AAA AND bet that the value will go down. Against their valued customers they just sold them to and the rest of the market.

I thought that might be called fraud.
I've heard some say it's just savvy business.

Not exactly creating value there.
not exactly serving the customer would you say?

You're making some presumptions there that are only evident in hindsight. IKB is an institutional investor that had the same access to information as GS/Paulson. They were serving the investor, IKB wanted the deal.

Another opinion:
http://www.businessinsider.com/abacu...paulson-2010-5

No one is willing to Says there's Fraud, Corruption andor MONUMENTAL STUPIDITY that allows this to go on an on for years.

No one is investigated
No one is fried
No one goes to jail
No one really trys to make and account or get funds returned.
no one seems to care.
...Billions under the bridge...OH well...

"Monumental stupidity" is not a crime and to say there is no investigation or trial is disingenuous as the SEC is making the case against GS and Paulson. Whether someone goes to jail is incumbent on finding guilt and determining fraud. IKB wanted to make a bet and of course GS was more than happy to arrange the deal. Paulson wanted to make the opposite bet; there is no crime in that and the questions are if Paulson's involvement was necessary to be disclosed. And no jumping ahead with your hindsight position that IKB lost the bet and Paulson's stature that is higher now than it was when the deal was put together.

http://www.reuters.com/article/2010/...63F5CZ20100416

A Crook is a crook.
Bernie Made-off was rich and is a Crook,
Gold-mans Sacks is Made-off on Hyperdrive.

You have to make your case before making that claim, besides GS is NOT Madoff.

http://www.deepcapture.com/goldman-s...d-our-economy/

http://www.deepcapture.com/category/...nsincere-ious/

He's polluting your mind.

[fj1200]

What's savvy is getting the American taxpayer to bail them out.

That's the crime but unfortunately not criminal.

[fj1200]

http://www.deepcapture.com/goldman-s...d-our-economy/

I feel stupider for even skimming that. I was going to post each overreaching assumption he made and hindsight conclusion he reached but I would have violated copyright by posting the whole thing.

[revelarts]

You're making some presumptions there that are only evident in hindsight. IKB is an institutional investor that had the same access to information as GS/Paulson. They were serving the investor, IKB wanted the deal.

Another opinion:
http://www.businessinsider.com/abacu...paulson-2010-5

I thinks the rebuttal comments to the link you posted cover most of the points in it.

FJ, if you want to give GS and friends MORE than the benefit of the doubt, and a pass Using the it's (barely or shouldn't be) legal even though it's immoral therefore so it OK defense. that's fine with me.

Hopeful more detail will come out in a real investigation proving beyond doubt that they we're guilty, as the evidence available to date clearly suggest. Or it will have some exculpatory evidence giving them some mild cover. but I don't see the later happening.

there's another link at the site I sent you to
Called "the SHORT heard around the world."
What the pale excuse for that one FJ.

[fj1200]

I thinks the rebuttal comments to the link you posted cover most of the points in it.

I read them, they were just more of the hindsight same IMO.

FJ, if you want to give GS and friends MORE than the benefit of the doubt, and a pass Using the it's (barely or shouldn't be) legal even though it's immoral therefore so it OK defense. that's fine with me.

Is it immoral for a casino to take both sides of a Superbowl bet? I think you're projecting your own view of morality on the situation and thinking that GS "just knew the loans were bad..." opinion. Two educated investors made a bet...

Hopeful more detail will come out in a real investigation proving beyond doubt that they we're guilty, as the evidence available to date clearly suggest. Or it will have some exculpatory evidence giving them some mild cover. but I don't see the later happening.

I just can't argue with that position now can I?

there's another link at the site I sent you to
Called "the SHORT heard around the world."
What the pale excuse for that one FJ.

This one?
http://www.deepcapture.com/category/...nsincere-ious/

I give it the fj seal...

[revelarts]

Financial Speculation In the food prices ADDING to the Hike in food prices especially of the poorer in the world ie Egypt.



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