Justice Department Investigation Into Goldman Sachs Goes Beyond SEC Cases
But since it's all a giant shell game anyway, and it's likely that the other Wall Street firms are using the exact same practices, why are the stock prices dropping? It's almost as if investors need to believe this was an aberration, and they're clutching the idea like a security blanket. Bad Goldman Sachs!
And here's the real problem: Without factual information and accurate risk assessment, capitalism is a game completely rigged in favor of the insiders. If enough people wake up and stop investing, well, that's a whole other catastrophe:
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3 COMMENTS:
Never knew this...if true
on Sun, 05/02/2010 - 13:16
#327971
Matt and the GS sleuths on this site need to be checking on one interesting fact. Guess who else was in Blankfein's 1975 Harvard class? Guess who even spent 3 years in the same "dorm," Winthrop House?
Some guy named Ben Bernanke.
http://www.zerohedge.com/article/taibbi-goldman-part-deux#comment-327971
Sunday, May 2, 2010
Things Do Not Compute
http://tinyurl.com/2as3l3t
Has anyone seen the news release where Buffett was named to head the enforcement division at the SEC?...No...? Is he sending a message to Mr. Khuzami?
Same old crap.........
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