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

Saturday, April 17, 2010

Economic Edge on Goldman Fraud

I've been waiting for Nate's take on this-


No kidding, this is exactly what everyone’s known all along, that GS, and their insider clients, have been profiting by betting against the very debt products they help to package and sell.

Is the U.S. Government really getting serious about going after these guys? NO WAY. There are always token fall guys and this is all theatre and show.

Think about the timing of this. It comes just as I have been talking about a “triggering event” that will take the blame for turning the markets. This suit was reported AFTER the open on OPTIONS EXPIRATION day. Why now? My suspicious mind says that it was timed to allow the options sellers and contract speculators to walk away and to instill maximum damage on the retail buyers of the ALL TIME RECORD number of option call buyers who were in the market just yesterday.

Markets almost always turn on such sentiment extremes, but I know that Goldman controls the government and absolutely is in control of the S.E.C. too! It’s almost a joke to me that they would turn the markets by allowing the S.E.C. to bring suit against themselves. And I’m willing to bet the majority of people will believe there’s no way they would do that. Want to bet?

Watch future events unfold, I can almost guarantee that there will be fines that are later mitigated, that a few people may take a fall, but nothing real or meaningful will come of it other than an opportunity to profit on the short side after running the market up to bubble extremes. It’s a nice game to play when you control all the pieces on the board. Meanwhile the people of the world are simply played as fools and pawns. How’s that feel, were you long the market?

How many times before people learn that what’s most important is not WHAT backs your money, but WHO is in control. America gets what it deserves, karma’s a bitch and it seems to be going around.

Not an hour before the release of this I was talking about bubbles and triggering events that take the blame. Take a look at the 30 day, 30 minute chart of Goldman Sachs. All parabolic profits of the past month GONE in an instant:

Read the whole thing here and don't forget to check out the links to swarmusa. This whole mess could have been avoided and so can the future mess coming down the road.


Anonymous said...

How did Big Finance grow so powerful that its hijinks nearly brought
down the global economy – and what hope is there for real reform with
Washington politicians on Wall Street's payroll?

Anonymous said...

Jailed Whistleblower: US Lawmakers Held Offshore UBS Accounts

Democracy Now! co-host Juan Gonzalez discusses his interview with UBS whistleblower Bradley Birkenfeld one day after Birkenfield’s Tax Day clemency request to President Obama.

Anonymous said...

Janet Tavakoli
VIDEO: Did Goldman Sachs Commit Fraud?

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