Your Guide to the Goldman Sachs Lawsuit

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Check this out -
www.baitandswitchtv.com
Click on games and throw some cr*p at the bankers.

rebeccah wilde of CA 1:08PM May 17, 2010

Paulson's picks had no effect on the outcome. He might have thought that they would; but the subprime collapse was so comprehensive that the ones he thought were especially bad were no worse than the rest. The picking issue is just a distraction.

walstir 7:40PM May 04, 2010

"Everyone" in the industry knew that CDOs and credit default swaps were a nightmare. Charlie Munger wrote about them in "Poor Charlie's Almanack" over three years before the collapse. Bond salespeople called CDOs "toxic waste."
Yet, at the same time, hedge fund managers and other so-called sophisticated investors loved CDOs for their high returns, and were willing to take the risks. Painting Goldman as criminals is clever scapegoating, but not much more.
http://frostfinance.blogspot.com/2010/04/goldman-sachs-buy-or-sell.html

E Frost 1:53AM May 01, 2010

Goldman is the bookie
The action is Packers vs. Vikings
Packers win 34-03, OK we can live with that.
But what no one knows (other than Goldman) is that Paulson picked the starting line-up for each team.
And the referees' for this game are in Paulson's pocket. While the NFL commissoner is watching porn. As the sales force at Goldman is busy pitching the Vikings. legal, I think not. Any arm chair quarterback could see this,and so will the jury. This actually happened metaphorically speeking and will happen again, any given Sunday.

Jeff Seegert of WI 5:52PM April 27, 2010

I read that the "public" is clamoring for tighter regulations. It appears to me that the real losers were the experienced, intelligent professional investor, ie IDK German Bank for example. So, where does the "public" come in? I am a long time small investor and have shorted stocks, bond and commodities. When short, your potential loss is infinite, while long you can only lose what you own. So what is the big deal. Sounds to me as if the regulators are looking for a scape goat.

R James of OK 3:22PM April 27, 2010