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, April 19, 2010

Goldman Sachs Links and News - April 19, 2010

Inside a Goldman Sachs Abacus Deal
Huffington Post (blog)
German Government May Take Legal Action Against Goldman Sachs (NYSE: GS)
American Banking News
Goldman Sachs could roil California governor race
Christian Science Monitor
SEC Said to Vote 3-2 to Sue Goldman Sachs Over CDOs
Goldman Sachs Stock, Board Under Pressure Amid Probe (Update3 ...
Goldman Sachs Group Inc.'s stock may drop and the board could come under pressure to change managers 
GS666 Note:  Could this be the end of the road for Lloyd Blankfein?  
CREDIT MARKETS: Recovery Eclipsed By SEC Goldman Probe
Wall Street Journal
European regulators to open own probes of Goldman Sachs
Washington Post
Oil futures end lower on Goldman Sachs worries
Sen. Dodd cites Goldman Sachs in push for financial reform bill
Los Angeles Times (blog)
Goldman Sachs investigation could put Wall Street under microscope
The Guardian GS666 Note: Wall Street not only needs to be put under a microscope, it needs to be disected.
Lehman Subpoenas Goldman Sachs, SAC Capital in Probe
BusinessWeek  GS666 Note:  This could get very interesting.
Treasurys give up gain on Goldman, Greece worries
AIG-Goldman Sachs Trades Should Be Probed by SEC, Cummings Says
BusinessWeek  GS666 Note:  Absolutely!  That will uncover many a cover up.
 Fabrice Tourre: Fabulous or Fatally Flawed?
New York Times (blog)  GS666 Note:  He will be thrown to the wolves by his employers.  Like in Mission Impossible, they will disavow any knowledge of his actions even though they set it all up. 
Goldman Sachs to Discuss Lawsuit on Conference Call Tomorrow
San Francisco Chronicle
Wall Street waits for fallout from Goldman Sachs fraud allegations
The Star-Ledger -
Goldman Sachs Suit May Prompt Wider Probe, Regulation
BusinessWeek  GS666 Note: A wider probe is definitely warrented.  If there is not then there is a much larger cover up going on here.  This first action by the SEC is just the tip of the iceberg.
Goldman 'Shenanigans' to Be Barred by Bill, Dodd Says
BusinessWeek  GS666 Note:  'Shenanigans' must be the new politically polite term for fraud.
Goldman Sachs: Too Big To Obey The Law « The Baseline Scenario
By Simon Johnson 
The Fall Of Goldman Sachs? | FDL News Desk
By David Dayen 
Calculated Risk: Goldman Sachs, the SEC and Countrywide
By CalculatedRisk 
Goldman Leaders Said to Have Overseen Mortgage Unit
New York Times (blog)
Goldman Sachs's UK, German Units Under Review by FSA, BaFin
BusinessWeek  Paulson May Face Litigation Following Goldman Suit, Whalen Says
BusinessWeek The real action against GS will come form abroad long before anyone in the US does anything meaningful.
Goldman Sachs substandard on its subprime disclosures
New York Daily News
...Goldman Sachs stock lost nearly a quarter of its value on Friday...

Goldman Sachs faces scrutiny in EU
BBC News
Paulson May Face Litigation Following Goldman Suit, Whalen Says
BusinessWeek  GS666 Note:  There should be many more investigations but this one is a definite.  
JURIST - Paper Chase: Germany considering legal action against ...
By Steve Czajkowski 
Goldman Sachs SEC Case May Hinge on Meaning of Word 'Selected'



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