You Won't Read This Story About Goldman

WSJ.com ^ | 5/19/2011 | David Weidner

[dirtboy]

Goldman Sachs Group Inc. is in trouble again.

Still reading? If you are, you must be a Goldman employee, regulator, class-action lawyer, financial journalist or trolling the Internet for news about Steve Jobs. (See how I dropped the name to make this column more Google-friendly?)

No one seems to care much about Goldman's latest troubles, and many Americans seem numb to more allegations of wrongdoing related to the financial crisis.

Yet they keep coming, especially at Goldman. One of the biggest was last week's disclosure that the Commodity Futures Trading Commission's staff has "orally advised" the company that it "intends to recommend ... aiding and abetting, civil fraud and supervision-related charges" against the trade-clearing unit at Goldman.

In addition, Goldman said the Justice Department is reviewing data related to credit-default swaps and fee arrangements for clearing of credit-default swaps, including potential anticompetitive practices. European regulators are also investigating.

And remember Abacus? That's the collateralized debt obligation created by Goldman that morphed into a $550 million fraud settlement. There are more subpoenas on that gem, Goldman said last week.

Goldman declined to comment beyond the disclosures it made in its quarterly report and didn't offer any additional comment Wednesday.

[dirtboy]

Goldman = CrooksRUs.

[Major Matt Mason]

Crooks being investigated by other crooks is more like it. The Obama/Holder JD certainly isn't a model for lawfulness. There is no one to root for in this battle.

[blueunicorn6]

The love of money is the root of all evil.

[Lysandru]

There is no one to root for in this battle.

I suspect that the battle itself might be a sham and a put-up job. I believe that the top offices of the Dept. of the Treasury are already Goldman subsidiaires effectively. And they can pass the word to the Dept. of Injustice. The point of the sham is to placate the drones.

P.S.-- I love your tagline!

[gaijin]

Oooooh busted...! Oh yeah, biiiiig prosecutions coming. Big, bad NASTY prosecutions...! They sooooo big and bad, these prosecutions, that are surely coming yeah..! Right around the corrrrner...!! GoldMan Sachs, buuuuuuusted....!!!

YEAH RIGHT..!

All this cackling is a sham —the Fed, DOJ, and Goldman Sachs are ALL the same entity.

All this talk only indicates that they KNOW it LOOKS BAD, and that a few people out there have a basic need for some headlines along those lines.

Rest assured NO ONE will get into trouble over the biggest case of theivery in world history —when all is said and done, the bread and circus set will only remember that there were SOME headlines about some folks getting prosecuted.

Little theives are hanged, while Big ones GO FREE.

This whole story is a huge LIE.