Goldman Sachs charged with fraud.

[88Mariner]

Re: Goldman Sachs charged with fraud.

Here. I can prove the case in THREE FUCKING LINES.

1. the Feds arrested and are presently detaining sergei aleinikoff (sp?) for 'stealing' code that GS had hired him to write/maintain.

2. Sergei claims that the code he was working on enabled GS to manipulate the markets in great magnitudes, but in a way that was virtually undetectable (we're talking thousands of dollars on thousands-of-a-second differences.....think 'Office Space" but not actually fucking the plan up).

3. Give him immunity (or hell, drop those rediculous charges), and have him testify against GS.

[floridaorange]

Re: Goldman Sachs charged with fraud.

Buffett Defends Goldman; Berkshire Posts Profit
http://online.wsj.com/article/SB1000...NewsCollection

Thanks Res, good article.

In a twist, Mr. Buffett said the SEC charges against Goldman have helped Berkshire Hathaway. He noted that Goldman could redeem Berkshire's $5 billion investment at any time, and that Goldman has an economic incentive to do so. The reason: Goldman is paying a 10% rate on the investment, coming to $500 million a year, or, as Mr. Buffett said at the meeting, $15 a second.

He held up a hand and counted up the profit to illustrate the point.
"Tick, tick, tick," said Mr. Buffett. "Goldman would love to get rid of that."

^but regardless, it would make sense that someone like Buffett would defend Goldman...and not because of any grandiose conspiracy, rather because they have had a good working relationship over the years.

Buffett knows he can sit up stage eating See's Candy and drinking Coke and defend Goldman and it's not as if common every day people are going to stop drinking Coke Kind of laughable in a f*cked up way really.

[res0nat0r]

Re: Goldman Sachs charged with fraud.

This is a good read too:

http://www.vanityfair.com/business/features/2010/04/wall-street-excerpt-201004?printable=true

[floridaorange]

Re: Goldman Sachs charged with fraud.

video (interview): http://www.charlierose.com/view/interview/10989

[res0nat0r]

Re: Goldman Sachs charged with fraud.

^oh nice. that should be interesting.

[88Mariner]

Re: Goldman Sachs charged with fraud.

anyone catch that GS shorted Gulf Oil drilling about a day before the rig exploded?

[floridaorange]

Re: Goldman Sachs charged with fraud.

^oh nice. that should be interesting.

Try to watch all of it, it get's a bit stale near the middle, but the last 15 minutes are really interesting, Charlie Rose is just great at what he does.

[runningman]

Re: Goldman Sachs charged with fraud.

I don't believe any article with Buffet in it. The guy is a crook.

[res0nat0r]

Re: Goldman Sachs charged with fraud.

^dude you gotta tone it back a bit, you cant keep trolling with obviously trollish statements like that.

[88Mariner]

Re: Goldman Sachs charged with fraud.

^dude you gotta tone it back a bit, you cant keep trolling with obviously trollish statements like that.

buffet is a bit of a crook though.

[floridaorange]

Re: Goldman Sachs charged with fraud.

Buffet's a bit of a badass.

[res0nat0r]

Re: Goldman Sachs charged with fraud.

[runningman]

Re: Goldman Sachs charged with fraud.

why would you believe Buffet? Why would you believe a Billioinaire? He is looking out for numero uno.. he couldn't give a shit what happens to you.

[res0nat0r]

Re: Goldman Sachs charged with fraud.

hes looking out for keeping his berkshire hathaway stock over $100k a share. And he is doing a good job of it.

[MusicJatt]

Re: Goldman Sachs charged with fraud.

1. Hell yeah for all the hard working people out there

2. how is buffet a crook ?