U.S. Accuses Goldman Sachs of Fraud [update]

Criminal probe focuses on "Goldman Sachs".... "Wall Street Journal" Article here (Breaking)!!!!



online.wsj.com...

reply to post by burntheships


Awwww..... dang ya beat me to it

With the revelations of the "made to fail" junk products, I have to wonder what the questions are about prosecution?It seems as if it to be a no brainer to look into the creators of said and prosecute. One does not knowingly sell fail bombs legally. I know I have had to disclose any possible problems with any real estate I have sold and am legally bound to do so or be prosecuted for fraud.
Personally I believe too many political fingers would be lopped off for being in the pie and that is putting the brakes on pursuit of these bastids.

As for the poster who tried to justify "some employees" getting millions in bonuses. I think it obscene for anyone to get such compensation for what is basically "mumbo jumbo" paperwork. This "perk" of being in the halls of finance and business drives and fuels the growing resentment of the average man and is basically taking a p*ss down his neck after stealing his money. During this period it would be good form to suspend such compensation as it is volitile fuel for folks like me who have been fleeced by healthcare and real estate to bankruptcy and ruin.

Last, and most importantly, yrs ago I had a friend get into commodities, He lost a ton of cash but that is not the point. Every day I watched his trading the "zero sum" system gave me the distinct impression there were millions going missing each day, siphoned off to some unknown and untraceable purpose. With the ongoing revelations I believe my perception correct and the siphoning of wealth is an old and ongoing process which is being ramped up. I would say because we are like a turkey after thanksgiving and there is limited meat left till it is just bones so the vultures are more furiously picking our carcass.

And a PS How many realize the healtcare bill is just a way of preserving our credit rating?
Sure, wouldn't the mortgage value of an insured worker be more valuable than an uninsured one, Wouldn't you feel more confident lending to some one who has insured his collateral? Think on that my fellow cattle as we are put into the squeeze chute.
N.

Originally posted by N.of norml

And a PS How many realize the healtcare bill is just a way of preserving our credit rating?
Sure, wouldn't the mortgage value of an insured worker be more valuable than an uninsured one, Wouldn't you feel more confident lending to some one who has insured his collateral? Think on that my fellow cattle as we are put into the squeeze chute.
N.

Oh my.... so many seem to refuse to observe that... I can't help but smile that you pur it into words