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Apparently everyone is getting all pissy just because the vampire squid apparently routinely creates securities, sells them to institutional investors, then bets against them. The concern is about something called “ethics”, a word Goldmanites probably have to look up to discern its meaning. Another concern, of course, is something called “fraud.” Reggie Middleton explores this [...] Greek PM George Papandreou says they will investigate the role of US investment banks in their debt crisis and that legal action is a possibility. As previously reported here, it appears that the Vampire Squid (AKA Goldman Sachs) had their tentacles deep into Greece, helping them put lipstick on the Greek debt pig. [...] An editorial said the panel’s assault obscures some of the complexities of the crisis. “The broader implication raised by senators at Tuesday’s hearing — that Goldman somehow rigged the market in subprime mortgages, and that this led to the meltdown — does not strike us as a terribly useful or even accurate analysis of the [...] Goldman Sachs stock chart So says Henry Blodget at Clusterstock, a dogged Vampire Squid defender, cites a WaPo article detailing how DOJ started a wide-ranging criminal probe of Goldman before the SEC filed their civil fraud suit. Goldman can’t make a criminal investigation go away by just settling and writing a massive check, the [...] Lloyd Blankfein doing a perp walk? Could happen. Needs to. Goldman banksters are like Mafioso, aren’t they? And in my view, just as criminal. Goldman Sachs Group Inc. had a clear strategy of shorting the collapsing mortgage market and made $3.7 billion through the tactic, Senate investigators said, setting up a showdown with Goldman executives testifying before a Senate subcommittee Tuesday. Goodness, Head Vampire Squid Lloyd Blankfein had best be careful he doesn’t – inadvertently of course – [...] PBS. Emphasis added. William K. Black thinks President Obama didn’t acknowledge a key component in the financial crisis that the bills before Congress won’t address — fraud. A former regulator who helped crack down on massive fraud during the savings and loan crisis in the 1980s, Black tells Bill Moyers on The Journal that, [...] After a fun day swindling widows and orphans, the Fab One enjoys sky diving, hoping maybe he could land atop an cripple or two. Fabrice Tourre, the central figure in the unfolding Goldman Sachs fraud story, bragged about selling Abacus bonds he knew to be garbage to “orphans and widows” seemingly chuckling to himself [...] |  | ||||
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