Dr. Patrick Byrne, CEO of Overstock.com: Is An Animal!

[Guest ValueCarl]

One of those ANIMALS you can't stop loving and rooting for, however.  ;D If he does ASSIST in taking down this newly created, fourth largest US bank in the form of PUNITIVE DAMAGES, I will know that there is a God who thrives on JUSTICE being SERVED!

 

While all this drama ensues, one of this man's most important mentors, continues to count the $15.00 TICKS eating away at Goldman's CORE PROFITS!

 

http://www.deepcapture.com/upon-hearing-criticism-of-goldman-sachs-fortune-magazine-gets-the-vapors/?utm_content=Yahoo!+Mail  

 

<One should note, however, that beneath its hysteria there are two facts on which Fortune Magazine is reporting. Those facts are:

1.       As my Overstock colleague Jonathan Johnson, Esq., put it, “Recently discovered revelations of concerted action among certain market makers and these two brokerages necessitate that we amend our complaint to include additional claims. We expect that this conduct of Goldman Sachs and Merrill Lynch is fully actionable under anti-racketeering laws.”

2.       I wish to make Goldman Sachs explain its actions not to a White House to which Goldman is the largest donor (“Goldman Sachs was top Obama donor“, CNN, April 2010); not to FINRA, its own industry’s self-regulating body in which Goldman is the dominant member (“Goldman Action Highlights FINRA Facade“);  not to an SEC which has been hopelessly captured beyond repair (“Why Isn’t Wall Street in Jail?“, Matt Taibbi, Rolling Stone); not to members of the Senate Banking Committee from both sides of the aisle (“Goldman Sachs Congressional Inquisitors Also Beneficiaries of Firm’s Financial Largesse“). I simply want to see Goldman to explain themselves to 12 Americans whom they don’t own.>

[Guest ValueCarl]

One last comment to Byrne, etal. Please, please, please DO NOT VALUE the MONEY PRINCIPLE by "SETTLING EARLY" and NOT applying the FULL COURT PRESS which DECIMATES them in their FACES each step of the way. I was very disappointed with that last paltry, out of court settlement amount. The principles at stake here are far more important and long lasting than preserving some amount of cash in the face of unknown risk. That is always hard to do with contingent lawyers in the back ground, but should be examined with the greatest intention to accomplish the greatest good with the NATION in mind. The nation would do fine without GOLDMEN MEDDLING in their finances much to the chagrin of its PEOPLE.   

 

You're damn right that "The American People" deserve to experience the greatest SCHADENFREUDE since the fall of The Third Reich!   

[Guest ValueCarl]

Goldman is UNDER RESERVING rational, reasonable methods for accounting future losses! I'll bet PUNITIVE DAMAGES are not being accounted for in their HIGH RANGE. Goldman is BAD, very BAD indeed! imo

 

<NEW YORK (Reuters) - Goldman Sachs Group Inc (NYSE:GS - News) could lose up to $3.4 billion from lawsuits and other disputes over the securities it sold and underwrote, the investment bank said in its annual filing with regulators on Tuesday.

 

The bank called the estimate the upper end of a range of "reasonably possible" losses from legal proceedings against it. The amounts it has reserved against such lawsuits "are not significant as compared to the upper end of the range of reasonably possible loss." >

 

http://finance.yahoo.com/news/Goldman-estimates-34-billion-rb-3358803221.html;_ylt=AjAxHUs5ieuR.sTpnqibgUm7YWsA;_ylu=X3oDMTE1Y2RvMGE1BHBvcwM5BHNlYwN0b3BTdG9yaWVzBHNsawNnb2xkbWFuZXN0aW0-?x=0&sec=topStories&pos=6&asset=&ccode=

[Guest ValueCarl]

The Goldman TIP: Rule #1 on Minting Money WITH NO RISK on Wall Street!

 

<It also said Gupta, a longtime executive at the consultant McKinsey & Co, tipped Rajaratnam in September 2008 about a pending $5 billion investment by Warren Buffett's Berkshire Hathaway Inc in Goldman.

 

That investment was widely seen as helping ensure stability for Goldman at the height of the global financial crisis.

Rajaratnam used the leaked tips from Gupta, a "friend and business associate," to trade for Galleon funds, generating more than $18 million of illegal gains, the SEC said.

 

"Gupta was honored with the highest trust of leading public companies, and he betrayed that trust by disclosing their most sensitive and valuable secrets," SEC enforcement chief Robert Khuzami said in a statement.> 

 

http://finance.yahoo.com/news/SEC-charges-exGoldman-rb-1995235076.html;_ylt=AmQATRHp5m_NzDwL9MtPiY.7YWsA;_ylu=X3oDMTE1MzRiazlsBHBvcwM3BHNlYwN0b3BTdG9yaWVzBHNsawNzZWNjaGFyZ2VzZXg-?x=0&sec=topStories&pos=4&asset=&ccode=