tag:blogger.com,1999:blog-5724181159639068489.post2509621915058044802..comments2023-11-05T05:09:14.089-05:00Comments on Goldman Sachs: Information, Comments, Opinions and Facts: Goldman Sachs Links and News - April 21, 2010 - Featuring Larry's CornerRobertMhttp://www.blogger.com/profile/03960912417983904202noreply@blogger.comBlogger8125tag:blogger.com,1999:blog-5724181159639068489.post-70704577171135859252010-04-22T23:31:42.348-04:002010-04-22T23:31:42.348-04:00All The President’s Men (With Ties To Controversia...All The President’s Men (With Ties To Controversial Goldman Sachs)<br /> <br /><br /><br />http://tinyurl.com/39lfadpAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-5724181159639068489.post-43333938866882563532010-04-22T22:25:49.539-04:002010-04-22T22:25:49.539-04:00The SEC case looks weak...probably by design...but...The SEC case looks weak...probably by design...but we all know this fraud is a game of semantics.<br /><br />Economist James Galbraith: Economists Should Move into the Background, and "Criminologists to the Forefront"<br /><br /> Bill Black agrees:<br /><br /> Criminologists, Black said, are trained to identify the environments that produce epidemics of fraud -- and in the case of the financial crisis, the culprit is obvious.<br /><br /><br /><br /> "We're looking at incentive structures," he told HuffPost. "Not people suddenly becoming evil. Not people suddenly becoming crazy. But people reacting to perverse incentive structures."<br /><br /><br /><br /> CEOs can't send out a memo telling their front-line professionals to commit fraud, "but you can send the same message with your compensations system, and you can do it without going to jail," Black said.<br /><br /> Criminologists ask "fundamentally different types of question" than the ones being asked.<br /><br /><br />http://tinyurl.com/254ps9nAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-5724181159639068489.post-71596202664419071152010-04-22T13:37:28.556-04:002010-04-22T13:37:28.556-04:00JR did you see this article?
What kind of busine...JR did you see this article?<br /><br /><br />What kind of business relationship can Californians expect their state to have with Goldman Sachs and firms like it if Meg Whitman becomes governor? Here's a clue: In a report called "Corporate cash boosts Whitman," the Associated Press reported that "The biggest donations came from New York investment bankers, hedge fund managers, attorneys and others." If there's one thing these guys know it's how to prime the pump.<br /><br />http://tinyurl.com/yc6dpkeAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-5724181159639068489.post-39056578786508336622010-04-22T12:41:47.311-04:002010-04-22T12:41:47.311-04:00Another fall-out from GS fraud--the gubernatorial ...Another fall-out from GS fraud--the gubernatorial race in California:<br /><br />http://www.sfgate.com/cgi-bin/article.cgi?f=/c/a/2010/04/22/MN6C1D2B0H.DTLJRnoreply@blogger.comtag:blogger.com,1999:blog-5724181159639068489.post-53555078650540153142010-04-22T12:33:07.141-04:002010-04-22T12:33:07.141-04:00Some clients are exiting the sinking ship of GS:
...Some clients are exiting the sinking ship of GS:<br /><br />http://www.businessweek.com/news/2010-04-21/bayernlb-says-it-ends-business-relationship-with-goldman-sachs.htmlJRnoreply@blogger.comtag:blogger.com,1999:blog-5724181159639068489.post-66458613291122047332010-04-22T11:20:09.731-04:002010-04-22T11:20:09.731-04:00Bond Market Will Never Be the Same After Goldman: ...Bond Market Will Never Be the Same After Goldman: Michael Lewis <br /><br />Ritual Sacrifice <br /><br />Sadly, it will not suffice to offer up Fabrice Tourre as a ritual sacrifice. No one is going to accept a then 27-year-old Frenchman, whose job was apparently to keep sweet the patsies on the other end of your trades, as the world’s authority on your trading positions. <br /><br />His name isn’t even on the top of the list of Goldman traders listed on the $2 billion Abacus deal for which you are being sued. The name on top of that document is Jonathan Egol. Egol appears to have been the bond trader at the center of your Abacus program. The same Jonathan Egol who told fellow traders in 2006 -- a year before this transaction -- that the subprime market was doomed. <br /><br />The public eventually will ask: Who is Jonathan Egol and what exactly was his game? <br /><br /><br />http://tinyurl.com/26tx4voAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-5724181159639068489.post-21722261822650712672010-04-22T10:56:14.810-04:002010-04-22T10:56:14.810-04:00JR...this is pretty good, too.
The SAFE Banking ...JR...this is pretty good, too.<br /><br /><br />The SAFE Banking Act: Break Them Up<br /><br />In the American political system — where the power of major banks is now so manifest — there is no way to significantly reduce the risks posed by these banks unless they are broken up.<br /><br />These banks are so powerful that they can confront and defy the government, as seen in the twists and turns of the S.E.C. versus Goldman Sachs case. They are also powerful enough to threaten a form of extortion: If reform is tough, according to JPMorgan Chase’s chief, Jamie Dimon, credit will contract, the recovery will slow and unemployment will stay high. Given the size of his bank, that’s a credible threat.<br /><br />The big banks give a lot of money to politicians on both sides of the aisle and they are now digging in hard to defeat reform. Indeed, there are credible reports of various “front” organizations being used for this purpose.<br /><br />http://baselinescenario.com/2010/04/22/the-safe-banking-act-break-them-up/Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-5724181159639068489.post-24055905112428757292010-04-22T10:16:11.621-04:002010-04-22T10:16:11.621-04:00Here's a column worth reading, I think:
http:...Here's a column worth reading, I think:<br /><br />http://www.edmontonjournal.com/business/Three+simple+fixes+Wall+Street+reckless+ways/2936967/story.htmlJRnoreply@blogger.com