GoldmanSachs666 Message Board

According to the Collins English Dictionary 10th Edition fraud can be defined as: "deceit, trickery, sharp practice, or breach of confidence, perpetrated for profit or to gain some unfair or dishonest advantage".[1] In the broadest sense, a fraud is an intentional deception made for personal gain or to damage another individual; the related adjective is fraudulent. The specific legal definition varies by legal jurisdiction. Fraud is a crime, and also a civil law violation. Defrauding people or entities of money or valuables is a common purpose of fraud, but there have also been fraudulent "discoveries", e.g. in science, to gain prestige rather than immediate monetary gain
*As defined in Wikipedia

Monday, December 28, 2009

Goldman Sachs Links and News - December 28, 2009

Goldman Sachs Capital PartnersImage via Wikipedia
Shenzhen Nanshan Refuses Goldman Demand for Payment
Gripping Reality: Sorkin's Too Big to Fail
Seeking Alpha (blog)
McCarra / Poetry: Goldman Sachs (or "Greed")
By MaryAnn McCarra-Fitzpatrick
New York Needs Wall Street
Huffington Post (blog)
In the FT's parallel universe, Goldman Sachs boss is the hero of ...
By Editor
Goldman Sachs and Others Investigated for Betting Against ...
By (JGT) 
Goldman Sachs and Others Investigated for Betting Against ...
By Truth
Goldman Sachs and Others Investigated for Betting Against ...
By WarOnYou
Goldman Sachs and Others Investigated for Betting Against Securities They Created
CompliancEX: Goldman Sachs Mortgage Bets Said to Draw Probe by ...
By Jack Kelly
Stimulus timing
New York Times (blog)
Hoffa Says Goldman Sachs Driving YRC Into Bankruptcy (Update1 ...
The past and future decade in business at a glance
ABC News

Goldman Sachs Capital PartnersImage via Wikipedia
 Editor's Picks:
The Being Brand: Being Goldman Sachs XII
By Judith Ellis
Relax Your Jaw: Saving Goldman Sachs: The Lender as Sucker in High ... By Paul Rothstein Response to Goldman Sachs
                  By Robert Wenzel 

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Anonymous said...

Responding to Goldman Sachs

From her website:

Goldman Sachs recently acknowledged that I warned (using fact based analysis) about these grave risks at the time it manufactured value-destroying CDOs, but it said my opinion was in the “minority.” Goldman would have you believe it the financial equivalent of a member of the Flat Earth Society in the lifetime of Galileo Galilei. Just as a competent long-distance navigator does not care how many nonprofessionals are members of the flat earth society, one does not rely on whether an opinion is in the minority or majority as a basis for performing appropriate due diligence when underwriting a securitization. A reasonable man expects a long-distance navigator to have some competence in his craft, and a reasonable man can expect a certain level of competence (and standards) from underwriters. A basic investigation of the underlying collateral revealed grave risks–not reflected by the ratings–compounded by suspect securitization practices. Public money was used to bailout AIG in an extraordinary crisis, and the general public are not sophisticated investors. The argument that AIG was a sophisticated investor no longer applies as a reason to avoid consequences of this behavior

MaryAnn McCarra-Fitzpatrick said...

Thanks for posting a link to my poem "Goldman Sachs or 'Greed'" one in my "seven deadly sins" series of poems.



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