Charges Against Goldman Could Unleash Torrent of Lawsuits

By | April 19, 2010

  • April 19, 2010 at 7:37 am
    zeus says:
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    For those of us (all of us) who were burned, badly or otherwise, by the crookedness of Enron, AID, etc.etc…-what’s REALLY scary is that they’re re-assmbling packaged or unpackaged deals RIGHT NOW to cheat the consumer yet again.

  • April 19, 2010 at 9:07 am
    Joker says:
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    The fraud charges against Goldman Sachs & Co. that rocked financial markets Friday are no slam dunk, as hazy evidence and strategic pitfalls could easily trip up government lawyers.

    I read that and for some reason, imagined all these dim witted govt. lawyers in a room together, bumping into each other, walking into walls, etc.

    Fry GS!

  • April 19, 2010 at 9:57 am
    djones says:
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    To Joker,

    And I thought your comment was funny. LMAO

  • April 19, 2010 at 12:21 pm
    Joe says:
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    Having dealt with gov’t lawyers, you’re not too far off of the mark. Look at how the SEC lawyers screwed up the Madoff fraud, even when the Greek-American broker literally drew a picture (a schematic) of how Madoff was engaging in a ponzi scheme.

  • April 19, 2010 at 12:52 pm
    The Lone Gunman says:
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    This whole thing looks like nothing but PR to me. Yes, GS is scum and should be slammed. But there were people (in the “alternative media”-gasp!) pointing out the whole fraud more than a year ago. GS never would have been able to do their deeds without the assistance and encouragement of the federal government and its agents (e.g., Fannie Mae, Freddie Mac, the Federal Reserve, etc.). The government is simply using GS as a punching bag for the masses to deflect blame away from itself.

    “As long as people continue to believe in absurdities, they will continue to commit atrocities.” Voltaire

  • April 19, 2010 at 12:56 pm
    Joe says:
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    House Speaker Nancy Pelosi announced that Democrats would introduce legislation containing an “individual mandate” aimed at reversing the $238 billion in Postal Service losses that the GAO projects over the next 10 years.
    “The problem with the post office is that you don’t have to use it,” said Rep. Pelosi, D-CA. “As long as free market alternatives and sheer abstinence persist, the public-option communication tool will suffer…and therefore, the American people will suffer. Everyone has a right to send letters in a federally-approved truck, airplane or satchel. Those rights shall not be denied simply because a vast majority of Americans either don’t write letters at all, or use non-sanctioned means like so-called electronic mail.”
    The Speaker said the new measure would require every citizen to participate in the official postal plan, or face steep fines and possible prison terms.
    The White House said today that President Obama backs the Pelosi Postal Reform bill, quoting the president as saying, “If you like your email you can keep it. You’ll just pay a small fee to have your messages copied onto paper, and mailed in physical envelopes as well.”
    Small businesses with more than 50 employees would also face the requirement to duplicate any mass email blasts, or website postings with bulk-mailed paper advertisements bearing the same message.
    The bill would not eliminate private-sector delivery services, Rep. Pelosi said, but would require FedEx and UPS to charge no more than the first-class postage rate (currently 44 cents) for anything mailed, regardless of size.

  • April 19, 2010 at 1:16 am
    Charlie says:
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    This is funny, unless Madam Speaker stumbles across it and doesn’t get the joke.

    On the subject at hand–won’t Timothy Geitner be a target of these suits as well. It would seem to me he has some expplaining to do–with his hand up in the air–as to what he knew and when he knew it. Or is it OK if its only the tazpayer who is getting screwed.

    It’s funny–the government creates the enviornment in which making bad loans and bundling them up for sale as securities to people too dumb to read the cautionary notes–turns around and launches a suit against the salesman–for doing a good job.

  • April 19, 2010 at 1:56 am
    Joe says:
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    Yes, wake up, everyone. It’s a scam. Politicians who favor big gov’t and large corporate interests are working for themselves against the interest of small business and consumers. This isn’t new. It goes back to the dawn of city-states. This is what destroyed many of the city-states. Read the history of the Prince. Machiavelli was involved in such schemes and scams.

    Bib Gov’t & its onerous regulation and large corporations is not a good combination. This is why the DemonRats, for the most part, are the biggest threat to the freedom of all Americans.

    Look at the financial services reforms proposed by the Demonrats. The law favors the GS, the large international banks, and large corps in general. It will hurt small start ups. Read the law. The Demonrats are deceitful crooks.

    Get the gov’t out of regulation and home loans and farm loans and the auto business and the banking business and health care and on and on and on.

    Sheesh.

  • April 19, 2010 at 4:39 am
    Liberal Agent says:
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    You rebubliflubs had no problem with Bush growing the federal to unheard of levels while the spied upon their own citizens. And have you forgotten the billions they wasted taking us into war with Iraq? You all on the right are such hypocrites.

  • April 19, 2010 at 6:00 am
    Joe says:
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    National defense is a function of gov’t. The other matters aren’t such a function. Besides, we’re not blogging about the money spent on regulation, we’re blogging about the uselessness and ineffectiveness of gov’t regulation.

    Get with the program Lib. Work on your reading comprehension skills.

  • April 20, 2010 at 1:52 am
    claims gal says:
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    Maybe they will let John Summitts AKA John Wayne run their company now that the Philadelphia Contributionship has fired him… LOL!!!!!!

  • April 26, 2010 at 4:49 am
    Randew says:
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    Does anyone remember how many people were called before the Watergate congressional committee before someone (John Dean) finally told the truth. What are the chances someone will reveal what really happened in the back rooms of Wall Street and the Feds.



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