As if we didn't already all know, but our economy and the too big to fail companies are all complicit in FRAUD. We will Start with Goldman Sachs as they throw out an executive or two to be eaten by the SEC sharks, a couple hundred million dollar fine ( An hours worth of trading for GS) and hopefully the citizens will forgive their FRAUD against them. Stay tuned for the great market meltdown!
Fraud
- Thread starter NoDrama
- Start date
tinyTURTLE
Well-Known Member
there is no need to stay tuned. it already happened. i recorded it on my DVR.
GS did nothing wrong and was completely legal. They do what they have been doing for years and just now got caught because of the financial mess that BARNEY FRANK and CHRIS DODD got us into thru fannie mae and freddie mac giving the people that couldnt afford to own a house and extra 300K to go and buy a house. and what happened they failed to make $$ and pay for that house.
GS will pay a huge fine and will never fail because they have given MILLIONS and BILLIONS to Obama and his band of crooks.
8 years of business school behind this post.
So they made money off the backs of other people..whats the government doing to day to the people of this country? the exact same fucking thing.
there was a poll out today about 65% of people think there needs to be financial reform in the country...well guess what?, 99% of that 65% dont know shit about economics and can barely balance a checkbook let alone know the dealings on wall street and could do better off just staying in the homes and living their lives and never worry about what happens to make this country run.
ya it pisses me off to see their smug ass faces on TV spinning their BS so noone knows what the fuck they are talking about but they are answering to the largest crooks on the planet...our government.
GS will pay a huge fine and will never fail because they have given MILLIONS and BILLIONS to Obama and his band of crooks.
8 years of business school behind this post.
So they made money off the backs of other people..whats the government doing to day to the people of this country? the exact same fucking thing.
there was a poll out today about 65% of people think there needs to be financial reform in the country...well guess what?, 99% of that 65% dont know shit about economics and can barely balance a checkbook let alone know the dealings on wall street and could do better off just staying in the homes and living their lives and never worry about what happens to make this country run.
ya it pisses me off to see their smug ass faces on TV spinning their BS so noone knows what the fuck they are talking about but they are answering to the largest crooks on the planet...our government.
you need to lay off beck my friend. it's already been proven he's a liar, a manipulator, and a self-admitted NON-JOURNALIST.
and what GS did was horrible. unfortunately like Jesus of Cannabis said, it was completely legal.
this is why financial reform needs to happen, the SEC isn't doing shit to keep these companies honest, because it can't. lobbyists have pushed for washington to keep the financial markets very de-regulated, and this type of shit happens. very few people get very rich, very quick, while a lot of people loose their money and possesions...
I mean, selling an item, and betting against it should be considered false advertising at the very least, or some other penalty.
but at the moment, those guys can sleep soundly, because they did nothing illegal. it was wrong, but not illegal.......
and for heaven's sake, stop blaming everybody but the banks themselves. blame the government for bailing them out, blame the consumer for thinking he could afford it.... but the real bad decisions were made at the banks.
8 years of business school should've taught you that nobody's responsible for the amount of risk a bank carries except that particular bank. more risk means more returns, PURE AMERICAN GREED caused this collapse. nothing more....
and what GS did was horrible. unfortunately like Jesus of Cannabis said, it was completely legal.
this is why financial reform needs to happen, the SEC isn't doing shit to keep these companies honest, because it can't. lobbyists have pushed for washington to keep the financial markets very de-regulated, and this type of shit happens. very few people get very rich, very quick, while a lot of people loose their money and possesions...
I mean, selling an item, and betting against it should be considered false advertising at the very least, or some other penalty.
but at the moment, those guys can sleep soundly, because they did nothing illegal. it was wrong, but not illegal.......
and for heaven's sake, stop blaming everybody but the banks themselves. blame the government for bailing them out, blame the consumer for thinking he could afford it.... but the real bad decisions were made at the banks.
8 years of business school should've taught you that nobody's responsible for the amount of risk a bank carries except that particular bank. more risk means more returns, PURE AMERICAN GREED caused this collapse. nothing more....
ViRedd
New Member
And, in your opinion, did the Clinton administration, then Chris Dodd, Barney Frank and Barak Obama have anything to do with the collapse? Do you have any idea how many ex-AIG executives are sitting very comfortably in the Obama Administration? You'd know if you were watching Beck.
Patrick Bateman
Active Member
You'd also know Obama is a racist and is forming a secret negro army
He needs to tie up his own loose ends before he does anything else
ViRedd
New Member
^^^ And nothing about whom it is that makes up Obama's administration?? 
And on the "secret negro army" ... you're off base. The civilian "army" will be made up college students who have taken out government monopolized student loans. As a way of repayment, they will have to agree to several years of "community service." Remember during the campaign when Obama said that he wants a private army of civilian volunteers the size of our military? Perhaps that passed you by.
And on the "secret negro army" ... you're off base. The civilian "army" will be made up college students who have taken out government monopolized student loans. As a way of repayment, they will have to agree to several years of "community service." Remember during the campaign when Obama said that he wants a private army of civilian volunteers the size of our military? Perhaps that passed you by.
let's look at this statement.
some of the most proficient minds in financial markets which were at the helm of some of the biggest financial institutions in the world, handling transactions that were sometimes worth 8-10% of the american economy for years and years.
these are the people you DON'T want giving advice to the president on financial markets???? these are people with intricate and practical knowledge of exactly what happens in financial markets, people with connections all across the board, political, economic, social, business..... no. these people shouldn't be telling the government what's going on....
we should listen to beck. a college drop-out, with the highest-rated political talk-show, has been caught lying over and over and over again, who's extreme points of view has alienated him from his most profitable sponsors, he's the one to listen to....
ViRedd
New Member
All good and well, rediv, but you forgot this part of the question: "And, in your opinion, did the Clinton administration, then Chris Dodd, Barney Frank and Barak Obama have anything to do with the collapse?"
And, specfically, which sponsors has Beck lost? Seems as though if he's losing sponsors, the network would fire him. After all ... they're in it for a profit, no?
And, specfically, which sponsors has Beck lost? Seems as though if he's losing sponsors, the network would fire him. After all ... they're in it for a profit, no?
CrackerJax
New Member
Goldman did nothing wrong..... that much is plain.
tinyTURTLE
Well-Known Member
you stand in defense of theives and scumbags.
CrackerJax
New Member
Uh huh..... sure.
What did they do wrong? Explain it to me...
if you can.
What did they do wrong? Explain it to me...
if you can.
tinyTURTLE
Well-Known Member
i dont have to explain anything to you. if they did nothing wrong, you tell me what it wasn't.
they did something wrong.
they promoted and sold financial products that were going to go up in value. they did this while standing to gain money if the exact opposite happened, and it was, and they knew it. they also knew the purchasers of these products were going to loose a lot of money in the process.
it just isn't ILLEGAL. not yet.
CrackerJax
New Member
What you are witnessing is just one more political witch hunt designed to deflect blame away from the Govt. which created the bubble in the first place.
ACA had 100% veto power over the deal....they had all the information in front of them....nothing was withheld. Paulson was not seen as any kind of guru at the time (now he looks like one). ACA decided to go for it...and they lost. They didn't have to buy the deal
ACA had 100% veto power over the deal....they had all the information in front of them....nothing was withheld. Paulson was not seen as any kind of guru at the time (now he looks like one). ACA decided to go for it...and they lost. They didn't have to buy the deal
1. GS did nothing wrong and was completely legal.
2. got caught
3. So they made money off the backs of other people.
4. whats the government doing to day to the people of this country?
1. This is just your first fact, and the thing that confuses me.
2. If 1. is true, then they got caught doing what...caught doing the right thing?
3. See 1. Even if LEGAL still immoral...they cant be doing this AND not doing anything wrong. (I'm sure they didn't think it was wrong, the people whose "back they made money from" would have disagreed with them.)
4. Same thing, but one is a GOVERNMENT.
CrackerJax
New Member
Madoff is in jail for running a Ponzi scheme....
Social security is a Ponzi scheme......
This is a dog and pony show to push through the financial bill .... which will put all the taxpayers on the hook.
But that's okay with some of you....
Wake up.....
Social security is a Ponzi scheme......
This is a dog and pony show to push through the financial bill .... which will put all the taxpayers on the hook.
But that's okay with some of you....
Wake up.....
a political witch hunt????
the government came across very disturbing emails demonstrating that these execs knew they were selling shit as if it were gold, and that they were going to earn a LOT of money when what they sold turned to shit, in their investigation into the financial collapse. furthermore, these execs knew they weren't doing anything illegal, it was wrong, not illegal, and went about it without remorse.
this was not a political witch hunt. it was more of an investigation to scientifically determine what happened using quantitative and qualitative data.
nobody is blaming the government for this because the government isn't to blame.
did you read the emails???
"More and more leverage in the system. The whole building is about to collapse anytime now...Only potential survivor, the fabulous Fab(rice Tourre)...standing in the middle of all these complex, highly leveraged, exotic trades he created without necessarily understanding all of the implications of those monstruosities!!!!" - former Goldman Sachs Executive.
it was flat-out wrong.
it's not illegal though...
the government came across very disturbing emails demonstrating that these execs knew they were selling shit as if it were gold, and that they were going to earn a LOT of money when what they sold turned to shit, in their investigation into the financial collapse. furthermore, these execs knew they weren't doing anything illegal, it was wrong, not illegal, and went about it without remorse.
this was not a political witch hunt. it was more of an investigation to scientifically determine what happened using quantitative and qualitative data.
nobody is blaming the government for this because the government isn't to blame.
did you read the emails???
"More and more leverage in the system. The whole building is about to collapse anytime now...Only potential survivor, the fabulous Fab(rice Tourre)...standing in the middle of all these complex, highly leveraged, exotic trades he created without necessarily understanding all of the implications of those monstruosities!!!!" - former Goldman Sachs Executive.
it was flat-out wrong.
it's not illegal though...
CrackerJax
New Member
They came across e mails huh.... Congress did?
I am very familiar with the issue. I have read reams of data and info on it.
The SEC decided ... NOT Congress ... and by 3-2.
In almost ALL cases the SEC rules 5-0 ... so 2 thought it was nothing. That alone sets this apart.
Congress getting involved (totally unnecessary) is for THEIR purposes.... not YOURS.
It's a show.... a show to help them pass their financial bill ... which will SCREW the taxpayer.
I know ... you don't care.
Congress did?I am very familiar with the issue. I have read reams of data and info on it.
The SEC decided ... NOT Congress ... and by 3-2.
In almost ALL cases the SEC rules 5-0 ... so 2 thought it was nothing. That alone sets this apart.
Congress getting involved (totally unnecessary) is for THEIR purposes.... not YOURS.
It's a show.... a show to help them pass their financial bill ... which will SCREW the taxpayer.
I know ... you don't care.