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What will Obama do?

Tam

Well-known member
On Friday April 16, 2010, 11:22 pm EDT
WASHINGTON (AP) -- The government on Friday accused Wall Street's most powerful firm of fraud, saying Goldman Sachs & Co. sold mortgage investments without telling the buyers that the securities were crafted with input from a client who was betting on them to fail.

And fail they did. The securities cost investors close to $1 billion while helping Goldman client Paulson & Co., a hedge fund, capitalize on the housing bust. The Goldman executive accused of shepherding the deal allegedly boasted about the "exotic trades" he created "without necessarily understanding all of the implications of those monstrosities!!!"

The civil charges filed by the Securities and Exchange Commission are the government's most significant legal action related to the mortgage meltdown that ignited the financial crisis and helped plunge the country into recession.

The news sent Goldman Sachs shares and the stock market reeling as the SEC said other financial deals related to the meltdown continue to be investigated. It was a blow to the reputation of a financial giant that had emerged relatively unscathed from the economic crisis.

Goldman Sachs denied the allegations. In a statement, it called the SEC's charges "completely unfounded in law and fact" and said it will contest them.

Goldman gave Obama almost a million dollars for his campaign so will his administration thank them, like they have with other election supporters, by dropping any and all changes? Remember the Black Panthers?
 
A

Anonymous

Guest
The civil charges filed by the Securities and Exchange Commission are the government's most significant legal action related to the mortgage meltdown that ignited the financial crisis and helped plunge the country into recession.


Too bad- as many many testified before Congress during the hearings- is that the former administrations SEC had been told to take an "8 year vacation" ( on the same manner as USDA's JoAnn Waterfield told her GIPSA/PSA enforcement officers)-- and they all looked the other way while the Fatcats were allowed free run to help bring on the Bush Bust....
Imagine what could have been- if the regulatory agencies had been allowed to do their regulatory duties- instead of being told to turn their heads :???:
 

hopalong

Well-known member
Oldtimer said:
The civil charges filed by the Securities and Exchange Commission are the government's most significant legal action related to the mortgage meltdown that ignited the financial crisis and helped plunge the country into recession.


Too bad- as many many testified before Congress during the hearings- is that the former administrations SEC had been told to take an "8 year vacation" ( on the same manner as USDA's JoAnn Waterfield told her GIPSA/PSA enforcement officers)-- and they all looked the other way while the Fatcats were allowed free run to help bring on the Bush Bust....
Imagine what could have been- if the regulatory agencies had been allowed to do their regulatory duties- instead of being told to turn their heads :???:

Yea right oldcryer, the former administration didn't spend spend you (AND TYHIS INCLUDES YOUR) grand kids money on the titmouse in San francisco as well as other frivolous crap.
hows the BERKA find coming there oldwhiner, got enough in the slush fund to buy all your grand daughters some if your hero gives any more of our county away?????
Oh are you going to stand up and say I WAS A SHERRIF, ETC ETC And i know it all!!
still getting you tit in a ringer in every forum you visit and spout off in and you still don't get the fact you are not as sharp as you think you are, nor are you as well liked as you try and make people think you are
 

Sandhusker

Well-known member
None of this would of happened had the Democrats not blocked Fannie and Freddie reform. The two biggest culprits, Chris Dodd and Barney Frank are still in their committee chairs. Chris Dodd even took bribes while shepherding the implosion and subsequent Dem Bust.
 

hypocritexposer

Well-known member
Sandhusker said:
None of this would of happened had the Democrats not blocked Fannie and Freddie reform. The two biggest culprits, Chris Dodd and Barney Frank are still in their committee chairs. Chris Dodd even took bribes while shepherding the implosion and subsequent Dem Bust.

This about says it all.

Tim Carney explains the facts of life at the Examiner. Notwithstanding the populist Goldman-bashing the Democrats are now engaging in, the company enthusiastically supports heightened federal regulation of its business. A Goldman lobbyist explained: "We're not against regulation. We're for regulation. We partner with regulators." That pretty much says it all. In the meantime, Goldman is partnering with the Democrats to pass a permanent bailout bill.

Didn't Rahm used to work for Goldman, "introducing them to people that matter"
 

hopalong

Well-known member
Angusgord said:
hopalong said:
Oldtimer said:
Too bad- as many many testified before Congress during the hearings- is that the former administrations SEC had been told to take an "8 year vacation" ( on the same manner as USDA's JoAnn Waterfield told her GIPSA/PSA enforcement officers)-- and they all looked the other way while the Fatcats were allowed free run to help bring on the Bush Bust....
Imagine what could have been- if the regulatory agencies had been allowed to do their regulatory duties- instead of being told to turn their heads :???:

Yea right oldcryer, the former administration didn't spend spend you (AND TYHIS INCLUDES YOUR) grand kids money on the titmouse in San francisco as well as other frivolous crap.
hows the BERKA find coming there oldwhiner, got enough in the slush fund to buy all your grand daughters some if your hero gives any more of our county away?????
Oh are you going to stand up and say I WAS A SHERRIF, ETC ETC And i know it all!!
still getting you tit in a ringer in every forum you visit and spout off in and you still don't get the fact you are not as sharp as you think you are, nor are you as well liked as you try and make people think you are
Holy "F' your stupid hopalong

Coming from you that is a major compliment :D :D :D :D
 

jigs

Well-known member
hoppy, you must understand that Oldtimer thinks it is a good deal cause he has been on the other side. under the table deals, bribes, and milking the welfare system are his area of expertise.

I would love to interview the locals and get the score....how does a guy who claims to be so wound up in protecting the public, spend twenty years as a deputy, then only ONE term as Sherriff???
 
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