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DOJ Will Not Prosecute Goldman Sachs in Financial Crisis Probe

 
Mr. Toppit

User ID: 21606546
United States
08/09/2012 10:51 PM
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Re: DOJ Will Not Prosecute Goldman Sachs in Financial Crisis Probe
Too big to be charged. All the insiders connected to tarp worked for them including Paulson.
Anonymous Coward
User ID: 10119030
United States
08/09/2012 10:53 PM
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Re: DOJ Will Not Prosecute Goldman Sachs in Financial Crisis Probe
don't hate the player...

seriously, though, they probably didn't break (many) laws directly. they're good at this game. their employees have worked at the sec and treasury dept. And those there now once worked for goldman or some of the other big investment or commercial banks. they make the rules so they don't need to break them.
Saddletramp

User ID: 1052341
Puerto Rico
08/09/2012 10:53 PM
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Re: DOJ Will Not Prosecute Goldman Sachs in Financial Crisis Probe
There's a shock...
"And how can a man die better than facing fearful odds, for the ashes of his fathers, and the temples of his Gods..." ~ Horatius

"Because he told the truth, and once you've heard the truth, everything else is just cheap whiskey..."

"We don't rent pigs!"
AtsuiPanda

User ID: 16510251
United States
08/09/2012 10:54 PM
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Re: DOJ Will Not Prosecute Goldman Sachs in Financial Crisis Probe
I'm shocked.

Truly
 Quoting: Anonymous Coward 21597997


Iknow. Fucked up ochange
 Quoting: Treyfish


+1
:/sdfhasdfshasd/:
Those who live by the sword die by the sword, those who don't live by the sword are subject to those who do.
Anonymous Coward
User ID: 21597482
United States
08/09/2012 11:02 PM
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Re: DOJ Will Not Prosecute Goldman Sachs in Financial Crisis Probe
Well thats a relief. Capitalism at work!
Anonymous Coward
User ID: 16658215
United States
08/09/2012 11:07 PM
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Re: DOJ Will Not Prosecute Goldman Sachs in Financial Crisis Probe
im almost surprised...ALMOST!
Anonymous Coward
User ID: 357364
United States
08/09/2012 11:11 PM
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Re: DOJ Will Not Prosecute Goldman Sachs in Financial Crisis Probe
Fucking joke.
Anonymous Coward
User ID: 8862775
United States
08/09/2012 11:12 PM
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Re: DOJ Will Not Prosecute Goldman Sachs in Financial Crisis Probe
"Thank you GLP for deleting my post and not banning moi."

Why would anyone suppress your voice?

And why would you not care?
fadeinlight

User ID: 1527902
United States
08/09/2012 11:15 PM
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Re: DOJ Will Not Prosecute Goldman Sachs in Financial Crisis Probe
No surprises here whatsoever. Many of you will remember that Goldman Sachs was the second largest contributor to the Obama campaign in 2008:

[link to www.opensecrets.org]
Anonymous Coward
User ID: 21627637
Saudi Arabia
08/09/2012 11:35 PM
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Re: DOJ Will Not Prosecute Goldman Sachs in Financial Crisis Probe
Has anyone noticed yet that they are all jewish people?
 Quoting: mrroy


Yep, jewish people letting jewish people off the hook. That's why jewish people need to be rounded up and exterminated FOR REAL, not the holohoax BS! jewish people deserve to be extinct!
Anonymous Coward
User ID: 20022035
United States
08/09/2012 11:37 PM
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Re: DOJ Will Not Prosecute Goldman Sachs in Financial Crisis Probe
Has anyone noticed yet that they are all jewish people?
 Quoting: mrroy


...Eric Holder a Jew /..mmm...didn't know that...
Anonymous Coward
User ID: 11581280
United States
08/09/2012 11:39 PM
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Re: DOJ Will Not Prosecute Goldman Sachs in Financial Crisis Probe
12 million wired to Holders Cayman account from GS .....
Anonymous Coward
User ID: 14171460
Switzerland
08/10/2012 12:05 AM
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Re: DOJ Will Not Prosecute Goldman Sachs in Financial Crisis Probe
BS liars!! Nothing happens for decades, just lies!!
Treyfish  (OP)

User ID: 14756837
United States
08/10/2012 12:12 AM
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Re: DOJ Will Not Prosecute Goldman Sachs in Financial Crisis Probe
...The Justice Department's decision capped a good day for Goldman as the Securities and Exchange Commission decided not to file charges against the firm over a $1.3 billion subprime mortgage portfolio. At the same time, the Justice Department's decision ensured that the Obama administration will continue to feel political heat, particularly from the liberal wing of the president's own party, for not having brought more prosecutions in the financial crisis.
The Senate panel probe turned up company emails showing Goldman employees deriding complex mortgage securities sold to banks and other investors as "junk" and "crap."

Levin said during his subcommittee's investigation that he believed that Goldman executives "misled the Congress" and that Goldman "gained at the expense of their clients and they used abusive practices to do it." [link to agonist.org]
Isis One

User ID: 14343270
United States
08/10/2012 12:38 AM

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Re: DOJ Will Not Prosecute Goldman Sachs in Financial Crisis Probe
fox clears fox in henhouse massacre
 Quoting: Anonymous Coward 1364318


^^^^^^^^THIS, funny
Spread the word, change the collective conscious......
THERE IS MORE THAN ENOUGH OF EVERYTHING TO GO AROUND

When you are undisciplined, the universe is extremely forgiving and when you are disciplined, the universe is extremely generous. Me

One doesn't discover new lands without consenting to lose sight, for a very long time, of the shore. Andre Gide
[link to www.godlikeproductions.com]
Anonymous Coward
User ID: 20898744
United States
08/10/2012 12:39 AM
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Re: DOJ Will Not Prosecute Goldman Sachs in Financial Crisis Probe
golman sachs owns the gov....here and in europe, nothing gets done without their approval.
 Quoting: Anonymous Coward 12064276


bingo
psyoptics

User ID: 14240707
United States
08/10/2012 12:45 AM

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Re: DOJ Will Not Prosecute Goldman Sachs in Financial Crisis Probe
Fiat Money Explained in 4 minutes or less


[link to www.youtube.com]

i have seen these videos and there are so many....i am pissed...tired...and over all disappointed in the whole financial system!

BAILOUT: TARP Was For Wall Street Not Main Street

[link to www.youtube.com]

so here is my response to the banker!

I Wanna Be A Pirate


[link to www.youtube.com]


anyone want to join me...i am an experienced sailor...lets go get us a ship!
 Quoting: psyoptics


any takers?
we'll go after the banker!
the first pirates were privateers....lets be publicteers!


Last Edited by psyoptics on 08/10/2012 12:48 AM
a good video editor can make anyone say anything the editor wants.
Anonymous Coward
User ID: 13809489
Greece
08/10/2012 12:57 AM
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Re: DOJ Will Not Prosecute Goldman Sachs in Financial Crisis Probe
Has anyone noticed yet that they are all jewish people?
 Quoting: mrroy


Yep, jewish people letting jewish people off the hook. That's why jewish people need to be rounded up and exterminated FOR REAL, not the holohoax BS! jewish people deserve to be extinct!
 Quoting: Anonymous Coward 21627637


well not all jewish but the sionist these are the globalist pests
ethzero

User ID: 21306716
Australia
08/10/2012 01:01 AM
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Re: DOJ Will Not Prosecute Goldman Sachs in Financial Crisis Probe
I basically read that as "We acknowledge that they fucked up, but we won't do shit, suck on that"
Anonymous Coward
User ID: 21647260
United States
08/10/2012 01:05 AM
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Re: DOJ Will Not Prosecute Goldman Sachs in Financial Crisis Probe
A month or so ago Hubbys work gave him the paperwork to join in on the company 401K. He gave it to me to look over..... Goldman Sachs is the company I have heard of them so ok....I started by going to the website listed on the paperwork because they gave him nothing more then the form. I am not picking how much goes into which stocks without seeing how the stocks perform first Hello!!! ...After typing the exact URL, I landed on a page that did not exist anymore...WTF .. I looked at the form harder and noticed it was 2007!!! Now I am getting pissed 2007 and now are two completely different worlds!! I try to track down the performance by the names listed on our form, I keep landing in areas where I have to click that I am NOT an individual...getting more pissed... Then I just start googling Goldman Sachs and the stock names. I come across several results talking about how they are being investigated.. analysts questioning how well they can handle 401Ks when they messed up the big stuff as bad as they did. Pissed is now boiled over, top is blown.

His company says he MUST sign this form even if he does not contribute. WE ARE NOT SIGNING A FORM FROM 2007!!

and we are NOT allowing a company with this type of track record to handle our money I don't care if its only $50 bucks they are not touching it.

I tell hubby this is a COMPLETE INSULT!! and to tell his HR lady he is not signing any forms from 2007 nor will he allow Goldman to touch our money.. He does.. HR lady gets pissed tells him they are a very good company and he still needs to sign...he still refuses to sign.. then starts going off about the outdated form..the investigations ... next thing he knows a co-worker who just turned in her form grabs it off HR desk and rips it up!! LMAO!! That was a month ago still has not signed anything and we still do not have a 401K but I would rather not have one then have Goldman!
Anonymous Coward
User ID: 19228212
United States
08/10/2012 01:24 AM
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Re: DOJ Will Not Prosecute Goldman Sachs in Financial Crisis Probe
I'm shocked.

Truly
 Quoting: Anonymous Coward 21597997


Iknow. Fucked up ochange
 Quoting: Treyfish


Did you think Obama was KIDDING when he told the big rich bankers what he was telling you sheep in 2008 was "Just Campaign Rhetoric"??

How many times does he have to screw you guys over, and lie to your face, before you finally get it??

If Obama had an "R" after his name, the media would have been rioting in front of the White House, demanding his resignation.

But, because he's a Dem, THEY STAY UTTERLY SILENT.
Anonymous Coward
User ID: 19314724
United States
08/10/2012 01:32 AM
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Re: DOJ Will Not Prosecute Goldman Sachs in Financial Crisis Probe
I expect nothing less from these pieces of shit.
Anonymous Coward
User ID: 3376005
United States
08/10/2012 02:54 AM
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Re: DOJ Will Not Prosecute Goldman Sachs in Financial Crisis Probe
This is the fuel that will allow this country to burn.

If not the country, the corrupt government.

The Declaration of Independence gives Americans the right to overthrow the government if they cease to reflect the will of the people.

That time is near....
Anonymous Coward
User ID: 1330236
Poland
08/10/2012 02:57 AM
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Re: DOJ Will Not Prosecute Goldman Sachs in Financial Crisis Probe
cruise


sheepsheepsheepsheepsheepsheepsheepsheep
sheepsheepsheepsheepsheepsheepsheepsheep
Serenity777

User ID: 1129812
United States
08/10/2012 03:02 AM
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Re: DOJ Will Not Prosecute Goldman Sachs in Financial Crisis Probe
Aug 9, 2012 8:38pm

The Justice Department has decided it will not prosecute Goldman Sachs or its employees for their role in the financial crisis, following an investigation by senators Carl Levin (D-MI) and Tom Coburn (R-OK).
The congressional investigation found problems with the credit rating agencies and poor oversight from regulators, and highlighted abuses by Goldman Sachs and other large investment banks. Senator Levin sent a formal referral to the Justice Department for a criminal investigation in April 2011.

The investigative report by the Senate’s Permanent Subcommittee on Investigations, chaired by Levin, found that Goldman Sachs “used net short positions to benefit from the downturn in the mortgage market, and designed, marketed, and sold CDOs in ways that created conflicts of interest with the firm’s clients and at times led to the bank’s profiting from the same products that caused substantial losses for its clients.”

A statement from the Justice Department issued late on Thursday evening noted, “Based on the law and evidence as they exist at this time, there is not a viable basis to bring a criminal prosecution with respect to Goldman Sachs or its employees in regard to the allegations set forth in the report.”

“The department and its investigative partners conducted an exhaustive review of the report and its exhibits, independently gathered and scrutinized a large volume of other documents, and tenaciously pursued potential evidentiary leads, including conducting numerous witness interviews,” the Justice Department’s statement continued. “While the department and investigative agencies ultimately concluded that the burden of proof to bring a criminal case could not...
[link to abcnews.go.com]
 Quoting: Treyfish


This should end any, AND ALL DEBATES about Mass Arrests.

The people were played by con-men and guys like Fulford and Wilcock earned big dollars off of HUGE HOPES.

So...its time to understand the reality of all this and make decisions.

jay
watching the "run up" to the elections and the "hopes and dreams" that are built as a result is like watching a dead mouse that is still able to make his exercise wheel go around because his nerves are still twitching that familiar motion...
Anonymous Coward
User ID: 10866217
United States
08/10/2012 03:43 AM
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Re: DOJ Will Not Prosecute Goldman Sachs in Financial Crisis Probe
No surprise there.
jpmorgan

User ID: 1760050
South Africa
08/10/2012 04:14 AM
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Re: DOJ Will Not Prosecute Goldman Sachs in Financial Crisis Probe
...

A statement from the Justice Department issued late on Thursday evening noted, “Based on the law and evidence as they exist at this time, there is not a viable basis to bring a criminal prosecution with respect to Goldman Sachs or its employees in regard to the allegations set forth in the report.”
...
 Quoting: Treyfish


“Based on the law ... as they exist"

Nothing the courts can do when the criminality is legislated.
 Quoting: wisc_natureboy


Correct. The financial institutions write the law... Oh well, looks like the average little guy is being forced to revert to the tried and trusted French Method of dealing with the Global Corporate Nobility. One big Guillotine erected on Wall Street might start getting the message across.
Anonymous Coward
User ID: 21224499
United States
08/10/2012 04:44 AM
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Re: DOJ Will Not Prosecute Goldman Sachs in Financial Crisis Probe
Has anyone noticed yet that they are all jewish people?
 Quoting: mrroy


...Eric Holder a Jew /..mmm...didn't know that...
 Quoting: Anonymous Coward 20022035


[link to en.wikipedia.org]

It is alleged by many that FinCEN's regulations against Structuring are enforced unfairly and arbitrarily - small business people who sell at farmer's markets have been targeted while politically connected people like Elliot Spitzer are not prosecuted.


Elliot Spitzer - Jewish

Hm, who heads FinCEN?
Well, it's under Department of Treasury, not DoJ,
and head of Treasury is Timothy Geithner who is.........................JEWISH.

You fail so hard, troll. So very hard.
S4mus

User ID: 21610538
Germany
08/10/2012 05:30 AM
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Re: DOJ Will Not Prosecute Goldman Sachs in Financial Crisis Probe
my 2 cents


[link to youtu.be]
Anonymous Coward
User ID: 20770363
Canada
08/10/2012 05:44 AM
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Re: DOJ Will Not Prosecute Goldman Sachs in Financial Crisis Probe
Too big to be charged. All the insiders connected to tarp worked for them including Paulson.
 Quoting: Mr. Toppit


All started when City merged with Travelers and became citi group, and that cleared the path to prosper on Wall Street disregarding the glass-stegal, so they let them get away with investment banking with people's money in the derivatives market, and then clinton implmented dodd frank which just got rid of that funny-duddy rule that they put in place to please the people. USA has always been about Wall Street and will always be about Wall Street.





GLP