Govt /Goldman sachs vs Blogger Morgan

There are guys like these who track down a person and return cash:
http://news.bbc.co.uk/1/hi/world/south_asia/8455897.stm

...and then there are greedy pigs like Goldman w@nkers who strategise to steal it from the taxpayers!

I was glad when I heard that the w@nkers want to leave the City due to the modest 50% tax.

Good riddance to bad rubbish I say, but feel it won't happen.. too good to be true!!
 
ED LIDDY owner of Goldman stock instated at A I G by Hank Paulson

Alan Grayson Questions CEO Edward Liddy on AIG Cover-up

 
http://www.youtube.com/watch?v=ZusURpQrn0A&feature=related

Is Hank Paulson Concerned About His Own Money?


Henry Paulson - Goldman Sachs Bail Out

http://www.businessinsider.com/henry-blodget-goldman-sachs-wins-big-in-secret-bailout-via-aig-2009-3

Were Investment bank fraudsters were making huge profits from new issues aimed at defrauding investors ?

The investment bankers knew the demand for dotcom stocks and deliberately kept supplies of stock very low

They used similar tactics on CDO.This time they got caught by their balls like Bear Stern, Merril Lynch, Lehman bros,

Dot Com boom was ‘fraud’ or pyramid marketing – HP exec
Bankers carry blame

http://www.theregister.co.uk/2001/10/09/dot_com_boom_was_fraud/



WorldCom, the largest of these, was found to have used illegal accounting practices to overstate its profits by billions of dollars. The company's stock crashed when these irregularities were revealed, and within days it filed the second largest corporate bankruptcy in U.S. history. Other examples include NorthPoint Communications, Global Crossing, JDS Uniphase, XO Communications, and Covad Communications. Demand for the new high-speed infrastructure never materialized, and it became dark fiber.


http://en.wikipedia.org/wiki/Dot-com_bubble

Goldman Sachs sued for 'dodgy' IPO

http://networks.silicon.com/webwatch/0,39024667,11033580,00.htm

EToys said Goldman Sachs undervalued its stock so it could receive massive kickbacks from customers when shares in the company quadrupled on its first day of trading.



Background on the Enron Victims' Lawsuit to Recover Damages from Wall Street Banks that Orchestrated the Enron Fraud

http://www.enronfraud.com/

Background of the Banks’ Role in the Enron Debacle
• As a result of the massive fraud at Enron, shareholders lost tens of billions of dollars. Many Enron executives, Enron’s accounting firm and certain bank officials were indicted.
• Andrew Fastow, Enron’s now-imprisoned former finance chief, testified that many of the banks’ transactions were contrived, deceptive deals done solely to create the false appearance of profits and cash flow.
• Internal Enron documents and testimony of bank employees detailed how the banks engineered sham transactions to keep billions of dollars of debt off Enron’s balance sheet and create the illusion of increasing earnings and operating cash flow. For example:
• Merrill Lynch purchased Nigerian barges from Enron on the last day of 1999 only because Enron secretly promised to buy the barges back within six months, guaranteeing Merrill Lynch a profit of more than 20%. As a result of this fraud, Merrill Lynch ultimately paid $80 million to settle with the SEC.
• Barclays entered into several sham transactions with Enron, including creating a “special purpose entity” called Colonnade, a shell company to hide Enron’s debt, named after the street in London where the bank is headquartered.
• Credit Suisse First Boston engaged in “pre-pay” transactions with Enron, including serving as one of the stop-offs for a series of round-trip, risk-free commodities deals in which commodities were never actually transferred or delivered.
• Although three banks (and others) have settled with the victims for $7.2 billion, several huge banks still named in this suit have not paid a penny to the victims of the fraud.
 
The attitude rob the poor and let the rich get richer has always been there.

Robert Maxwell robbed the mirror pension funds.

There was an investment bank playing some role in some capacity, do we know the role?

http://www.encyclopedia.com/doc/1G1-78965574.html

The ultimate victims of major frauds are often the employees of the defrauded companies. Careers and finances of many mid- and senior-level employees can be destroyed for life. Big frauds are orchestrated at the top for the benefit of the owners or senior management, not for the employees. The biggest defense may be an educated workforce, so employees are their own watchdogs.

http://www.calcpa.org/Content/24898.aspx
 
do you know what you're talking about? is it a CDO, is it a CDS? No it's a ARM.

Buyers of what?

i don't know what crusade you're on but you're barking up the wrong tree.
 
do you know what you're talking about? is it a CDO, is it a CDS? No it's a ARM.

Buyers of what?

i don't know what crusade you're on but you're barking up the wrong tree.

Buyers of bonds lumbered with vega instruments by a clever investment banker not disclosing vega for swaps related to bonds.

Who were the buyers?AUM lumbered with greek kebabs , whilst the old lady got mugged and suffered like a mugged woman until poor woman passed away.Work of god?

It stinks of crooks.

Remember the old lady's pension stolen by muggers via internet stocks bubble.
 
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