Goldman Sachs' Raging SEC Ass Wart Swells

Thursday, June 10, 2010 , , , 37 Comments



...and it's funny, I thought I would derive a lot more sick pleasure out of this moment but I'm almost starting to feel bad for the little rats.

Bloomberg:

Goldman Sachs Group Inc.’s $2 billion Hudson Mezzanine collateralized debt obligation, sold in 2006, is the target of a probe by the Securities and Exchange Commission, according to a person with knowledge of the matter.

The inquiry into the CDO may not lead to any additional actions against the New York-based securities firm, said the person, who declined to be identified because the investigation isn’t public. Michael DuVally, a spokesman for Goldman Sachs, declined to comment, as did SEC spokesman John Nester. The Financial Times reported the probe earlier.

Like I'm not crying or anything but ugh. Instead of turning to an ex JP Morgan PR star, maybe the rats should have taken a page from the Board of Governors' playbook and found some leftover Enron PR lackey to do their public opinion dirty work?

Jr Deputy Accountant

Some say he’s half man half fish, others say he’s more of a seventy/thirty split. Either way he’s a fishy bastard.

37 comments:

Anonymous said...

starting to feel bad for the little rats?!?!? You're disappointing me.

From hell's heart I stab at thee; for hate's sake I spit my last breath at thee. Ye damned Squid!

Die Squid, Die

Good Morning Sunshine!

Jeff

Anonymous said...

Wednesday, June 9, 2010
NEW GOLDMAN SACHS LOGO

http://tinyurl.com/2uypc5p

Rats spread disease thats why you call an exterminator..


Get a whiff of this:


The Brown Stinky Stuff is Splattering Off the Fan Blades and Landing
on That Shiny New Building on the West Side Highway.


http://tinyurl.com/2wkp3wz

Anonymous said...

they were running a "half back draw" out of the "Albert Henry Wiggin playbook" for managing a bubble I'd love to see big swingin' dick Henry Paulson brought before a Senate hearing on this one...what a jack off. It ain't over fuckers...know when animals are most dangerous? when they're cornered and facing an emninent threat to life and limb. I'm guessing a few politicians are starting to know that feeling so they're gonna either escape or they're gonna take a few other assholes with them if they go down. Popcorn, popcorn.

Anonymous said...

It shows without a doubt the lack of ethics in some of our financial institutions," said Sen. Tom Coburn (R-Okla.), the subcommittee's top Republican, who approved the report along with Levin.

Oooooooohhh, what's this???? A united front in which Republicans adn Democrats join hands and sing Kumbaya around the campfire???? Well, it warms the cockles of my heart....

Misguided angel hangin' over me
Heart like a Gabriel, pure and white as ivory
Soul like a Lucifer, black and cold like a piece of lead
Misguided angel, love you 'til I'm dead

Anonymous said...

Goldman was, I think, the only major bank that did well during the recession. We tried to find out, 'How is it they did well?' " Levin said Wednesday. "The tactics that they used … were disgraceful. And sticking it to their own clients violates their own claim that the clients come first."

Albert Henry Wiggin dumbasses - there is nothing new under the sun you dumb fucks.... how did it take you this fucking long to figure this out?

Anonymous said...

"One of the report's main allegations against Goldman was that it deceived clients who bought its mortgage-related securities, failing to tell those investors the firm was betting against those investments at the same time."


REALLY??!!!!???!!!!??

-Albert Henry Wiggin

Anonymous said...

"Goldman was so focused on shorting the market it even tried a strategy called a "short squeeze" to drive down the price of obtaining short positions, the report said."


Unbridled and shameless greed. Why make a billion when you can make tens of billions, right????

Anonymous said...

From hell's heart I stab at thee; for hate's sake I spit my last breath at thee. Ye damned Squid!

Anonymous said...

Paulson, Blankfein, Fabulous Fabrice...these are the types that were I to stumble upon them as the burst into spontaneous combustion, I would not cross the street to piss on them to put out the fire. Wouldn't spare a drop. Instead, I'd run to the IGA and buy a bag of marshmellows, chocolate bars and graham crackers, get a stick and make S'mores over their charred, lifeless and smoldering bodies - then sing some Kumbaya.

Anonymous said...

you're no fun

Anonymous said...

I saw a video once of monkeys gathering fruit near a stream and the film revealed how some of the clever little bastards were in the habit of throwing up false signals to their brethren so that they got the best fruits and more of them. They would make the signals that monkeys use to alert the group to the presence of a snake. But there was no snake - the trusting little bastards would heed the warning and then flee the scene leaving the clever little decievers to do what they wanted. There used to be a guy who ran an entertaining blog called Capuchinomics that was a really interesting read. Or, at least I found it interesting. Anyhooo, maybe you should bone up on the behaviors of the lower primates as well (?)

http://www.cnbc.com/id/42588548

Check out Lloyd's expression - he's a cute little Capuchin monkey, ain't he?

Anonymous said...

Blankfein testified a year ago that Goldman was “not consistently or significantly net short the market in residential mortgage-related products in 2007 and 2008.”

The Levin-Coburn report says Goldman’s denials “are directly contradicted by its own financial records and internal communications, as well as its own public statements in 2007, and are not credible.”

Capuchinomics in Action!!! Snake in the water, snake in the water!!!! Oh, no snake???? my bad.... It this case it was them telling everyone to c'mon in, the water is fine for swimming... sort of like.... a MOVIE Adrienne!!! The police chief of Amity Island, a fictional summer resort town, tries to protect beachgoers from a giant man-eating great white shark by closing the beach, only to be overruled by the town council, which wants the beach to remain open to draw a profit from tourists during the summer season. OK, surely your ass has seen Jaws... you couldn't possibly have walked the earth this long without seeing the whole thing or at least parts of it.

Anonymous said...
Anonymous said...

now I know we don't like Uncle Sam but do we dislike the Vampire Squid even more? Is the enemy of my enemy somehow my friend? So, I'm cheering from the sideline as Uncle Sam sets up for a mugging of the Vampire Squid I'm hoping he roughs the bastard up a little while he shakes down the Squid. That little brown bastard from Sri Lanka is going to be in stir for a few years and I'm really, really, really hurting for the guy....

Anonymous said...

you kids today have no patience... wait a minute, scratch that... kids in general don't have any patience.

So, if AIG and Goldman Sachs get into a pissing match, is the enemy of your enemy your Facebook friend? Hmmmm. That's a conundrum, huh Adrienne?

Not only could charges be brought against Goldman and its executives for its actions leading up to the mortgage crisis, but additional charges of perjury could be levied against the executives that testified before Congress, as much of their testimony ran directly contrary to the ultimate findings of the Commission.

Though many were hopeful that all of the buzz surrounding the potential MBS litigation wave would fade with time, these five key developments over the last month or so send a strong signal that we haven’t seen the last of these lawsuits. In fact, they’re likely just beginning


I love taking someone's past words, fashioning it into a noose, putting it around their jibber jabbering head and hanging them with it from the highest tree I can find, don't you?

The sleeping giant has finally awoken. Monolithic insurance company AIG, whose investments in the mortgage market forced Uncle Sam to swoop in to its rescue, has finally started taking legal action against some of the banks that induced it to insure mortgage products designed to fail and engaged in other underhanded conduct with respect to these investments.

dramatic music dahn, dahn, dahn!!!

Anonymous said...

From hell's heart I stab at thee; for hate's sake I spit my last breath at thee. Ye damned Squid!

Anonymous said...

And, you're still no fun.

Anonymous said...

Pecora! Pecora! Pecora!

probe, probe, probe!

(horn section)
dah dah dah dah dah!

probe, probe, probe!

(horn section)
dah dah dah dah!

probe dat booty, probe dat booty!

ummm, KC and the Sunshine Band in case your young ears didn't get the reference (replace "probe" with "shake" and there you are)

Sorry for the neglect, I've been squeezed into a business suit for this all week.

Anonymous said...
Anonymous said...

YIKES!! I'm glad somebody has the patience to wade through this because I sure as hell don't ---- I rely too much on instincts and not enough on intellect.


"For the CPAs on the Hill yesterday, they not only presented their issues but offered themselves as experts in areas many Congressional offices are unfamiliar with. Tweaking the tax code is a delicate issue, and one that shouldn’t be approached without expert analysis of any proposed legislation. This is where the two-way street comes in, and another reason why these visits are important for all involved parties."

Anonymous said...

"Simplification of the tax code
The AICPA has a long history of advocating sound tax policy; this year, it’s all about simplifying the tax code, starting with the repeal of AMT and consolidating education provisions."


I wish... and that might even be stupid of me to say that I'd like to see a flat tax of some type. They've been batting that idea around for a long, long time (Forbes vs. Dole in the early 90's and he probably wasn't the first to float that idea) but it never happens. Self-interest run amuck... don't tax me, don't tax thee, tax that fellow behind that tree. That's been going on since the Whiskey Rebellion.

Anonymous said...

Back to the subject: Lloyd's hemorrhoids - (hey I LIKE that).

Litton Loan Servicing (G.S.'s mortgage servicing arm) is feeling a few probes of its own lately over foreclosure processes. snicker, snicker This company just gets *easier and easier* to hate upon, don't you think?

From hell's heart I stab at thee.... yada yada yada... you know the rest.

Anonymous said...

so now you can add the aging, ex-Rolling Stone exiled and ruling in Libya to the growing list of Lloyd's 'Roids.... hahahahahahaha!!

Anonymous said...

wow, can you picture the rag head in Libya and the SEC/DOJ all joining hands to try to stick it to Lloyd and company? shit - talk about politics making for strange bedfellows... you lose my money.... I keeeeeell you!!! That isn't going to do to much to spread a sense of joy in Arab / Israli relations.... Blankfein swindles Muammar.... hahahahahaha! Shit the world is a funny place... no wonder these Arabs have a hard on --- but then again, maybe they should stop dealing with 'em but then maybe they're too fucking stupid or greedy or both to figure that out... sometimes I think these god damned sand people DESERVE one another.... like a bad marriage that neither can walk away from (know what I'm sayin'?)..... co - dependence is a wonderful thing.

Anonymous said...

I love the pictures of Muammar in his full on Michael Jackson inspired uniform... mother fucker looks like he's gonna bust a move and do the moonwalk at ANY GIVEN MOMENT when he's wearing that ridiculous monkey suit. Hey, here's a picture - Lloyd as one of those Old World organ grinders and Muammar as the little fucking monkey on a leash doing the little dance....

Anonymous said...

A new 'roid just popped up on Lloyd's bunghole.

Anonymous said...

"One person who already has come under investigation is Jonathan M. Egol. A senior trader at Goldman who worked closely with Mr. Tourre, he had a negative view on the housing market early on, and took a lead role in creating mortgage securities like Abacus that enabled Goldman and certain clients to place bets that proved profitable when the housing market collapsed."


OMG!!! I'm shocked!!!! Goldman is NOT staffed by Friendly Bob Adams types who are altruistic and looking out for their client's best interest???? Perhaps they sold some of that Abbacus crap to Muammar???? Shocking.... (Everytime I see abbacus I think of Genesis Abacab - gotta get that for the i-Pod.) My fragile sense of trust in my fellow man has been shaken to the core.... what will I do with myself????

Anonymous said...

Muammar thought he was a sharp cookie buying up that Abacus crap from Lloyd - telling his other rag head sand nigger pals what a fantastic deal he got and had American mortgage debtors under his thumb.... hahahahahahahahahaha! Like I said, not always but often these assholes usually deserve one another... a fucker and a fuckee --- popcorn, popcorn.

Anonymous said...

'cmon assholes.... take the bait.... they just approved a deal where you can get a portion of the SEC's haul.... up to 30% ---- someone do the self-serving thing and go in there and sing like a canary for the SEC.... it's like fishing... you gotta have patience and you gotta have faith in your choice of popping bugs.... one of the little lovely finned devils will crack and take that fly when properly cast to the proper area... c'mon on motha fucka.... but you gotta have patience...

I've got all the time for you love

Anonymous said...

I’m AWFUL!?!??

Jr, I am truly, truly, truly hurt….. well, then again, maybe not so much. But one thought – YOU calling ME “AWFUL” --- c’mon A… after some of the venom I’ve seen on JDA??? That’s a little like the pot calling the kettle “Black”, don’t you think - but also why I keep coming back for more. Don’t take me wrong – the truth IS venom much of the time…. That’s why I think people shy away from it…I just LOVE reading about the stereotypical conniving, double dealing, money hungry, investment banker Jew selling one of these idiot “Death to America” bullshit, north African sand nigger, tin hat dictators (oh, I’m sorry “President for Life” was what I meant to write) a load of horseshit investments that are backed by craptastic American mortgages…. You can’t make that kind of shit up…makes my thorny little black heart go “paddy pat” (but then you already knew that).

Truth is stranger than fiction, but it is because Fiction is obliged to stick to possibilities; Truth isn't.
Mark Twain

Anonymous said...
Anonymous said...

He said the laptop really was pulled from the garbage and was not protected by a password. Messages to Tourre apparently continued to stream into the laptop's e-mail program... hahahahahahahahahaha!!!! So Jr. - want to take a guess on how much porn was on that laptop.

Anonymous said...

Litton sold off to Ocwen. Lloyd is gettin' out of the mortgage servicing bid'ness. Don't let the door hit you in the ass on your way out.

Anonymous said...

Truth is stranger than fiction, but it is because Fiction is obliged to stick to possibilities; Truth isn't.
Mark Twain

I think Twain would be tickled (but not surprised) to know his line was still alive and useful in explaining what we see from day to day.

Anonymous said...

"Thou therefore gird up thy loins, and arise, and speak unto them all that I command thee: be not dismayed at their faces, lest I confound thee before them."
Goldman Sachs and Lloyd Blankfein - Get ready to do some more of the Lord's Work.

"From hell's heart I stab at thee; for hate's sake I spit my last breath at thee. ..."

I hope and pray that some Young Turk lawyer makes Lloyd into his (or her) bitch. I truly do.

http://www.guardian.co.uk/business/2011/aug/23/goldmansachs-banking

Anonymous said...