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

Thursday, April 22, 2010

Goldman Sachs Links and News - April 22, 2010 - Featuring Larry's Corner

RealClearPolitics - Goldman Sachs's Questionable Profit Motive
By Robert Samuelson
Big Bank Breakup Time Gets Boost From Goldman: Simon Johnson
Wall Street's know-it-alls can't tell right from wrong
Washington Post...Lloyd Blankfein, chief executive of Goldman Sachs,
Goldman Sachs may not be the only firm in SEC cross hairs
Los Angeles Times
Wall Street to abandon Democrats in future elections?
Darrell Issa: Goldman Sachs Leak Deserves Scrutiny
CBS News
Bloomberg TV's coverage of the Goldman Sachs story « Talking Biz News
By Chris Roush 
Goldman Executives to Join Tourre at Senate Hearing
Obama's Strong Ties to Goldman Sachs?
Welch calls for criminal investigation into Goldman Sachs
WCAX...Vermont Congressman Peter Welch is calling on Attorney General Eric Holder to open a criminal investigation into Goldman Sachs
Goldman Sachs Director Gupta Dealt With Rajaratnam
Goldman Sachs Economist O`Neill on Bloomberg TV. | Analyst Wire ...
Goldman Sachs Economist O`Neill on Bloomberg TV. from Analyst Wire provided by Find Articles at BNET.
SEC Charges Won't Be the End of Goldman, Hintz Says: Tom Keene
Geithner Says SEC Didn't Give Advance Notice of Goldman Suit
Obama Calls on Finance Industry to Drop Fight, Embrace Overhaul
Goldman Sachs and Financial Regulation Reform - Big Government
By The New Ledger
Goldman Sachs Against SEC Lawsuit
Goldman Sachs's Blankfein Attacking the SEC
BloggingStocks (blog)
Goldman CEO to attend Obama's Wall Street address
Blackstone to Remain 'Major Client' of Goldman Sachs, CEO Says
 Dodge Says Goldman Case May Spur New Rules From Wrong Lesson
BayernLB to keep most business ties with Goldman
MarketWatch GS666 Note:  Clarification of a previous article
Blanche Lincoln Says She Won't Take Goldman Sachs Money
Arkansas Business Online
After Goldman, More Clean-Up
New York Times (blog) PRESS DIGEST - Wall Street Journal - April 22
Bosch Stops Doing Business With Goldman Over Bonuses, FT Says
Bloomberg  GS666 Note: Interesting
Obama to Take Aim at 'Risky Decisions' That Sparked Crisis
BusinessWeek GS666 Note: Time to take the politics out of what should be criminal investigations.  If no criminal activity found by criminologists then let the politicians go to work..
Senate Derivatives Bill Faces Battle on Bank Spinoff Provision
Along with SEC, other investigators and suits may target Goldman Sachs
Washington Post GS666 Note: Now we're getting to the real heart of the issue.
Meet the new Goldman derivatives business

 Should he or shouldn't he...that is the question
An unofficial poll
Obama Doesn't Intend to Give Back Goldman Campaign Donations
The BusinessWeek link above does pose a very interesting question that perhaps should be enlarged to include any politicians that have any oversight or regulatory authority over Wall Street and other banks.  
  • Should campaign contributions made by Goldman Sachs or any of their employees be returned to them?  
  • Should any candidate that received campaign contributions from Goldman Sachs or any of their employees return that money?
  • Should any current candidate not accept any campaign contributions from Goldman Sachs or any of their employees?
If campaign contributions should be returned the next question becomes becomes how.   Let's postpone that conversation until we see what the general "unofficial" consensus will be.

Post your responses as a comment to this post by clicking on "comments" at the bottom of this article.  We will tally the counts Friday night at midnight and report on the findings over the weekend.  Feel free to comment and express y9our views



Anonymous said...

* Should campaign contributions made by Goldman Sachs or any of their employees be returned to them?

Why? I say tough luck if they tried to bribe a Rep and it didn't work out.

* Should any candidate that received campaign contributions from Goldman Sachs or any of their employees return that money?

Same as above.

* Should any current candidate not accept any campaign contributions from Goldman Sachs or any of their employees?

They shouldn't be accepting any contributions that are not from individuals. Without campaign finance reform, we are doomed to be continually corrupted by the process.

Kitty said...

Nay. Doing it now is ridiculous, doesn't change anything and would be solely a populist move (with a possibility of moar taxpayer money wasted *snerk*). What's done is done and those politicians should own it.

But not accepting NEW donations from them would be a step in the right direction.

Anonymous said...

No give back.

But here's a message to the you've heard it from the horses you better back off.

Maria Bartiroma: No Fraud at GS

Anonymous said...

Thank god all these guys are above least there's a chinese china...probably isolated:)

Goldman Director Gave Tip on Buffett Deal, WSJ Says
April 23 (Bloomberg) -- A Goldman Sachs Group Inc. director tipped off a hedge fund billionaire about a $5 billion investment in the bank by Warren Buffett’s Berkshire Hathaway Inc. before it became public knowledge, the Wall Street Journal reported, citing a person familiar with the matter.

Goldman Sachs director Rajat Gupta told Galleon Group founder Raj Rajaratnam about the Berkshire investment, the newspaper quoted the source as saying. Federal investigators wrote to Gupta to say they had intercepted phone calls between Gupta and Rajaratnam, the report quoted the source as saying.

Anonymous said...

Goldman Sachs Eats Its Young
by Keith Johnson

This is also an opportunity for the SEC to come out looking tough after their disgraceful conduct in the Bernie Madoff affair. Taking on Goldman Sachs will be a great boost to their image. But that could only happen under unusual circumstances like these. Right now, Goldman Sachs actually wants to be made to look like they’re no different from anybody else. They need to convince the American people that they are just as vulnerable and subject to public scrutiny as any other legitimate business. In other words, Goldman Sachs has given the SEC permission to take them on. Otherwise, the SEC would be just as ineffective and bias as they have always been.

The SEC is actually a public relations device for the FED. They go after the little guys to look like they’re doing something while turning a blind eye to the big investment firms that their agents hope to someday work for.

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