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

Sunday, September 18, 2011

Goldman Sachs - Weekend In Review Sept. 17-18, 2011

Image representing Goldman Sachs as depicted i...Image via CrunchBase
Even the smart money is flummoxed by this economy
The Associated Press
There Are Two Big Reasons Why Goldman Sachs Just Got Sued For ...
The FHFA's massive bank lawsuit extravaganza is a reminder of the horrific behavior that took place inside the subprime mortgage machine: fraud. In it's lawsuit ...
Goldman Sachs CEO hires criminal defense lawyer
Los Angeles Times
Goldman Sachs & Co. Chief Executive Officer and Chairman Lloyd C. Blankfein testifies on Capitol Hill in 2009. (Haraz N. Ghanbari / Associated Press) Goldman Sachs Chief Executive Lloyd Blankfein has hired a prominent Washington criminal law attorney ... HOT: Goldman, Sachs Acted as ...
By Robert Wenzel
HOT: Goldman, Sachs Acted as Exclusive Financial Advisor to Solyndra... When it comes to government money, it's always about insiders running circles around the government money and pocketing a piece. Don't ever forget that. And usually ...
Frontier Post :: Business :: Goldman to close Global Alpha fund
By shimran
NEW YORK (Agencies): Goldman Sachs Group Inc is shuttering a well-known hedge fund that relies on computer-driven trading strategies after the portfolio rang up a hefty loss this year. Goldman told investors in the roughly $1.6 billion ...

More Google News on Goldman here
Enhanced by Zemanta


Anon said...

The theft of the American pension

In the last decade, the country's biggest companies have raided worker benefits for profit. An expert explains how

There were billions in promises to retirees for pensions and healthcare
and death benefits and life insurance, and the companies figured out
that if they cut or eliminated them altogether then they could get those
billions in profit -- and even use them for executive compensation.

Anon said...

Delta One

Policymakers have orchestrated a huge dilemma. The
ongoing simultaneous global expansion of debt and marketable
instruments, along with the policy-induced reflation of global risk
markets, has created an unprecedented accumulation of market-related
risk. At the same time, a financial monstrosity has evolved that is in
the (what had been highly-profitable) business of writing market
insurance to protect against declining stock, Credit, sovereign debt,
currency and commodities prices. The business of peddling ETFs, listed
options, Credit default swaps (CDS), “swaps,” “swaptions,” and
countless varieties of over-the-counter derivatives to protect against
market risk has been booming. And the more authorities intervene to
ensure unending Credit expansion and the ongoing inflation of global
risk markets the greater the amount of market risk to hedge - and the
grander the profit bonanza available from trafficking in market

From the timing of increasingly vocal outcries
against “high-frequency trading,” one might get the idea that these
players sit back and become active only when they develop a hankering to
see the market get wacked. From my perspective, I assume these players
are among the most sophisticated, best informed and keenly
opportunistic traders in the marketplace. Throughout the policy-induced
rally that commenced in 2009, they likely garnered huge long-side
profits buying (“squeezing”) heavily shorted stocks ahead of an enormous
unwind of bearish hedges and bets (I don’t recall any protesting).
They will gravitate to wherever they can garner a trading advantage
(“front running”) ahead of the crowd. But mostly, I believe the
“high-frequency” contingent is immersed in a game of extracting trading
profits from this monstrous business of structuring, selling, hedging
and managing market (“flood”) insurance. Call it “front running,” savvy
or despicable market manipulation.

Guest said...

Watch and forward...

"Occupy Wall Street": Thousands March in NYC Financial District, Set Up Protest Encampment

Guest said...

When you're in, you're made....?The Federal Debt As Criminal Scam, The Federal Reserve As Criminal Syndicate   (September 19, 2011)Is the Federal debt a criminal enterprise, enabled by a criminal syndicate? Read on before you pass judgment.Correspondent Doug laid out a compelling case that the Federal debt is fundamnentally a criminal scam, operated by the criminal syndicate of the Treasury and the Federal Reserve:    The Federal Reserve is a criminal syndicate buying debt that the government eagerly creates and sells for spending money that dumps the debt on us civilians. What perplexes me is that the scam is so simple and all the intellectuals either don’t get it or are handcuffed by mega-corporate media owners. If the majority of the additional Federal spending was in fact squandered to boost the revenues, earnings and political influence of Elites, fiefdoms and special interests, then the taxpaying citizenry footing the bill did not receive any measurable benefit from all this additional debt. As Doug observed, the taxpayers are in effect borrowing vast sums from the loan sharks and not even getting to spend the money on themselves: the money was squandered on Elites, supposedly on behalf of the taxpayers, who must pay interest (i.e. the vig, "vigorish") on the fast-rising debt.As Doug asked: how is this not a criminal enterprise?

Guest said...

GEAB N°57 is available! Global systemic crisis - Fourth quarter 2011:
Implosive fusion of global financial assets
LEAP/E2020 | Vendredi 16 Septembre 2011

. they allowed the gradual emergence of two simple but very strong
ideas: saving private banks is of no use to solve the crisis and it is
necessary that the markets (that is to say essentially the big Wall
Street and City financial operators) fully assume their risks without
any further guarantee from the state. Today, these two ideas are at
the heart of the Euroland debate, both in public opinion and amongst
the elite ... and they gain ground every day. This is what causes fear
on Wall Street, in the City, and amongst major private financial
operators. This is the wick that has nearly burned down that will
trigger the implosive fusion of global financial assets in the fourth
quarter (in the prevailing context of the US recession and its
inability to reduce its public deficits).
Wall Street and the City, and their media intermediaries desperately
want this debate not to take place, regardless of whether it’s ended by
panic, so that governments should be forced to listen to their "experts"
who assure them that the only way is to continue to recapitalize banks,
and flood them with liquidity (23) ... as is the case in Washington and
London. Two countries where these same financial institutions reign
supreme in the government.

TARPoon said...

Behind the poverty numbers: real lives, real pain

Standard of livings continue to fall across America as many simply do
not have the resources to cope with rising unemployment and falling
purchasing power created by currency devaluation. A record 46.2 million
live in poverty. Unfortunately, it will get worse before it gets better
because easy solutions to the growing problem of public debt failure do
not exist.

Headline: Behind the poverty numbers: real lives, real pain

Sucker said...

So We No Longer Need NBBO, Right?

Let's make sure everyone understands what's being talked about here - there were trades executed on quotes that hadn't yet occurred.

Or at least this is what the timestamps represented.
So, what's going on here?  Well, there are a couple of possibilities. Some of them are truly sinister.  For example, the entire quote system may no longer give quotes to all the people at the same time, and thus the premise that you're trading against a fair market is a total farce.  Your quotes go in front of or behind others, and others trade in front of or behind you. What's worse that activity could be happening selectively when it's bad for you and good for someone else, and there's no way for you to know!  

The SEC won't stop this crap as is quite clear from the facts over more than a year's time  so what options do you have left?

Guest said...

Elizabeth Warren On the US Deficit Problem and Fair Taxation

Post a Comment