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

Tuesday, April 27, 2010

Goldman Sachs Links and News - April 27 , 2010 - Early Edition

 Hearing Update:  Senators blast "fat cats".
The testimony from each panel including the final testimony from Lloyd Blankfein has been very interesting.  What they did not say is more important then what they were trying not to say when they were talking.  There were those occasional slips when they all said things that I am sure made their attorneys shudder.

It is 7:15 and Lloyd Blankfein is still testifying.  His statements are all very guarded and evasisve except for his occasional slip.  Frankly I am getting tired of listening to him hem and haw and never answer a question directly.  Moreover, he appears to be anything but knowledgeable and one must wonder how he got his job.  What will be interesting will be how long he and some of the others keep their jobs.

What we are learning is that there very definitely are issues with conflicts of interest, disclosure and transparency as Sen. Claire McCaskill (D-MS) summed up.  But even more then that, ethics becomes a real issues as does absolute wrong doing with knowledge.

What also was brought out is the fact that the problems and causes of the economic crisis are not exclusive to GS.  McCaskill said at one point that Blankfein should have been joined by other bank CEO's as well.  My hope is that this investigation expands and that more charges come as a result as the entire banking system is exposed. 

The media and blogs will be humming tonight and tomorrow and for aggregaters like us their should be enough material to last weeks.  I also will be offering my comments and opinions.

TAKE-A-LOOK-Goldman Sachs faces fraud charges
Goldman Sachs on Capitol Hill: Testimony of David Viniar
CBS News
Costs to insure Goldman Sachs debt rise-Phoenix
Goldman Sachs Grilled in Senate Hearing Over Mortgage Business
Goldman Sachs Investors Sue Over Abacus Disclosures
Sen. McCaskill zings Goldman Sachs execs
Washington Post
Goldman Sachs' German Problem
Forbes (blog)
Goldman Sachs's Tourre to 'Categorically' Deny SEC's Claims
Alwaleed Says He'll Go on Working With Goldman Sachs
Goldman Sachs's Blankfein Says Firm Didn't Bet Against Clients ...
Goldman Sachs Bet Against Its Own Deals, Senate's Levin Says ...
Goldman Sachs Abacus E-mails Show Hunt for 'Easiest' Asset Firm ...
A Few Questions for Goldman Sachs
New York Times 
Goldman Turns to New Lobbying Playbook for Washington Battle
Goldman shouldn't be judged as "evil empire"
Here's How Spitzer Might Handle Fabulous Goldman: Susan Antilla
Here's How Spitzer Might Handle Fabulous Goldman: Susan Antilla
Goldman Sachs CDO Labeled 'Shi**y Deal' by Montag


Post a Comment