You forgot to mention the Horse Race Statistics Magazine that led the people to bed for the horse, aka Credit Qualification Companies - S&P and others.
you forgot to say who convinced the investors, who showed false greek promises and debt and why now its more difficulçt for psain and portugal to borrow money, actually it always should have bbeen they where betting against portugal and sopain aswell, giving money easy money with low interest so they accumulate debt and then lie on top to the investors, also explain the american debt and who his giving them the cash... china... i only have a high school diploma and still can explain better
well your high school diploma doesn't seem to be very convincing because first you can't write correct english and second your point of view in your first comment about the "jews" and hitler was quite retarded and ignorant, or stupid if that makes it clearer to you.
ell the basically said loan money to greece its euro zone, hidding the fact that the horse was sick actually controlling horse economy witch the greeks never should have done putting their economy on the hands of gold sacks, these are jews ladies and gentleman this is the reason why hitler needed a europe clean of these bastards, anyway the investors usa loan to greece and then boom greece was huge debt and suddenly they investors see their money go away, its called scam
ACA did not know about Paulson contrary position. GS&Co. made an settlement for $500 million and Paulson walks away with $15 Billion. I did know see no one filling a lawsuit for fraud to Paulson. Maybe I am a dreamer (J. Lennon)
Hey paddy, i don't really understand what you mean by "bet". You say paulson bet with Goldman for Abacus to go down. Do you mean bet as in "short"? Or sth else? And how does the investors' money end up with him
@alotan2acs I would guess they used some sort of swap to bet against abacus - though I don't see the incentive for the bank to enter into a swap with Paul except maybe as a consideration for him letting them use his name. *shrug*
Hey paddy, i don't really understand what you mean by "bet". You say paulson bet with Goldman for Abacus to go down. Do you mean bet as in "short"? Or sth else?
What some here seem to have missed is that what makes this fraud is that the financial instrument that GS created NEVER was intended to make money; this nag was designed to fail from the get-go and then dressed up to look like Secretariat. It was fraud from its inception to its demise. The question is not whether it was legal, the question is how many more of these scams are in Wall St's stable. I'd bet long on that...
In your scenario.........you forgot something crucial..........ACA has veto power on whether or not to GS and Paul will buy that particular horse. So how can ACA sue when it had the veto power on which horse was even gonna run? The only thing the SEC has here is the misrepresentation.......allegedly. Where's JPM and Magnetar? I believe GS is a patsy for the administration's upcoming legislative battle on fin reform. They need to neutralize wall st. Mission accomplished.
@mail22 I actually agree. Yes it was unethical, but IMO it does seem legal. Yes I hate goldman sachs as much as the next guy but if were those guys and it was my job to make big bucks then I would have to do something such as this as long as it was within the law.
@ijustinsane I meant "if it were those guys" to if I were those guys" man I wish there was an edit button. Wonder if that constitutes as fraud against youtube. :P
@ijustinsane I'm not a Goldman hater nor am I against representing both sides of the deal but my issue is with knowing the outcome before anyone else (or all sides). It's similar to betting on oil prices going up, then calling a friend at Exxon Mobile to shut down a few pipelines which will raise the price of oil instantly. Every investor has some risk in their investments; Goldman shouldn't get a free pass because so many ex-Goldman employees work in Washington.
Excellent! I love how you say they fed the horse the dog food, however, your chart shows that the dog food was administered to the horse up the other end. lol! That would definitely slow the horse down on race day.
Thanks Patty, I think at this rate we will all need the hair of the dog soon!!
Also, I think if Obama and Co. (including Geithner, Summers and Ol Heli-Ben) try to Bail Goldman out of this one by hook or crook, they(Obama & Co) are going to get the boot out....i.e., they will be voted out in the next election. So let justice prevail and the antichrist Goldman be burnt at the stake...
I thought this was a known fact that these scums bet against their own "investment tools" and we just couldn't do anything about it. If they are found guilty, what would happen?
nice summary of yet another gold filled sacks bout of thievery.
maybe it's about time we tied one of these sacks to each of the billionaire bandits and threw them in the river. or at least a short spell in jail, say 25 years a piece.
As attorney for the SEC I wouldn't concentrate on the conflict of interest, I would concentrate on the fact that Goldman represents themselves as market experts and act in an advisory position to their investors. As such they have a fiduciary responsibility to their clients. They are trying to surreptitiously claim that they have a hands off approach and have nothing to do with the actual investment decision, by claiming to be a bank [which they all of a sudden became]
Great analysis... only, you forgot to mention that the bookie couldn't pay out on the bet... so Bush, Obama, and the rest of the bought-and-paid-for congress stepped in to steal from the people of the country they are sworn to protect in order to back to bookie so the crooked gambler could get Pay Dirt.
I think Gold In Sacks knew where the bodies were buried for the entire Wall Street scam as they were a top player. The Private FED/SEC is trying to discredit them! "No Honor Among Thieves"!!
You forgot to mention the Horse Race Statistics Magazine that led the people to bed for the horse, aka Credit Qualification Companies - S&P and others.
edcugata 1 month ago
Awesome video!
classicalbunny 6 months ago
lold @ the end with the horse X)
xranger56x 9 months ago
So basically whatever happens, Goldman Sachs wins and everybody else loses. Nice... I hate rich people so much.
punkwasher 10 months ago
great but why is the horse fed through his ass at 2:46?
nemeczek67 10 months ago 2
@nemeczek67
3:06 - 3:10
This is what happens when people don't do any research & put all their money into 1 investment.
They get it right in the ASS.
Before you INVEST make sure you INVESTIGATE.
The7legacy 10 months ago
Top notch, as usual.
iamryun 11 months ago
you forgot to say who convinced the investors, who showed false greek promises and debt and why now its more difficulçt for psain and portugal to borrow money, actually it always should have bbeen they where betting against portugal and sopain aswell, giving money easy money with low interest so they accumulate debt and then lie on top to the investors, also explain the american debt and who his giving them the cash... china... i only have a high school diploma and still can explain better
badsign1980 1 year ago
@badsign1980
well your high school diploma doesn't seem to be very convincing because first you can't write correct english and second your point of view in your first comment about the "jews" and hitler was quite retarded and ignorant, or stupid if that makes it clearer to you.
rhcp92 1 year ago
ell the basically said loan money to greece its euro zone, hidding the fact that the horse was sick actually controlling horse economy witch the greeks never should have done putting their economy on the hands of gold sacks, these are jews ladies and gentleman this is the reason why hitler needed a europe clean of these bastards, anyway the investors usa loan to greece and then boom greece was huge debt and suddenly they investors see their money go away, its called scam
badsign1980 1 year ago
ACA did not know about Paulson contrary position. GS&Co. made an settlement for $500 million and Paulson walks away with $15 Billion. I did know see no one filling a lawsuit for fraud to Paulson. Maybe I am a dreamer (J. Lennon)
ercba09 1 year ago
Hey paddy, i don't really understand what you mean by "bet". You say paulson bet with Goldman for Abacus to go down. Do you mean bet as in "short"? Or sth else? And how does the investors' money end up with him
alotan2acs 1 year ago
He was in the other side of the equation bidding against the Abacus. When the market blew out he got 15 billion profit.
ercba09 1 year ago
@alotan2acs I would guess they used some sort of swap to bet against abacus - though I don't see the incentive for the bank to enter into a swap with Paul except maybe as a consideration for him letting them use his name. *shrug*
wyrmguard 1 year ago
Hey paddy, i don't really understand what you mean by "bet". You say paulson bet with Goldman for Abacus to go down. Do you mean bet as in "short"? Or sth else?
alotan2acs 1 year ago
@bookmanjb you hit the nail on the motherfuckin head my friend these little fucking gangsters should be going to jail!!!!!!!!
Shebadad 1 year ago
ed emberley!
DoBrigh 1 year ago
good information. thanks a lot.
Cocofive 1 year ago
hahaha I love him at the end
amalekited 1 year ago 2
What some here seem to have missed is that what makes this fraud is that the financial instrument that GS created NEVER was intended to make money; this nag was designed to fail from the get-go and then dressed up to look like Secretariat. It was fraud from its inception to its demise. The question is not whether it was legal, the question is how many more of these scams are in Wall St's stable. I'd bet long on that...
bookmanjb 1 year ago
@bookmanjb you hit the nail on the motherfuckin head my friend these little fucking gangsters should be going to jail!!!!!!!!
Shebadad 1 year ago
Does Wall Street ever make money legitimately? Their "sophistication" seems to be all about swindling.
JChang1987 1 year ago
similar to what Enron did in the west power deregulation market. Not that theres anything wrong with that
ferrajina 1 year ago
Must be pretty cool working for GoldmanSachs. Making millions of the misery of other people. Like drug or arms trafficking, but LEGAL. :-P
CabronDioz 1 year ago
Thank you. Great content.
MrElshMedia 1 year ago
Thank you. Incredibly helpful and well done. More please on different financial topics.
MrElshMedia 1 year ago
In your scenario.........you forgot something crucial..........ACA has veto power on whether or not to GS and Paul will buy that particular horse. So how can ACA sue when it had the veto power on which horse was even gonna run? The only thing the SEC has here is the misrepresentation.......allegedly. Where's JPM and Magnetar? I believe GS is a patsy for the administration's upcoming legislative battle on fin reform. They need to neutralize wall st. Mission accomplished.
cr1138 1 year ago
you sir are fantastic!
clodester 1 year ago
If that's not fraud, I don't know what is. The term "misrepresentation" come to mind.
mail22 1 year ago
@mail22 I actually agree. Yes it was unethical, but IMO it does seem legal. Yes I hate goldman sachs as much as the next guy but if were those guys and it was my job to make big bucks then I would have to do something such as this as long as it was within the law.
ijustinsane 1 year ago
@ijustinsane I meant "if it were those guys" to if I were those guys" man I wish there was an edit button. Wonder if that constitutes as fraud against youtube. :P
ijustinsane 1 year ago
@ijustinsane I'm not a Goldman hater nor am I against representing both sides of the deal but my issue is with knowing the outcome before anyone else (or all sides). It's similar to betting on oil prices going up, then calling a friend at Exxon Mobile to shut down a few pipelines which will raise the price of oil instantly. Every investor has some risk in their investments; Goldman shouldn't get a free pass because so many ex-Goldman employees work in Washington.
mail22 1 year ago
Excellent! I love how you say they fed the horse the dog food, however, your chart shows that the dog food was administered to the horse up the other end. lol! That would definitely slow the horse down on race day.
BanksterBuster 1 year ago
your videos do break it down, you should do a online class for finance.
Arginine88 1 year ago
thx
xecto06 1 year ago
Thanks Patty, I think at this rate we will all need the hair of the dog soon!!
Also, I think if Obama and Co. (including Geithner, Summers and Ol Heli-Ben) try to Bail Goldman out of this one by hook or crook, they(Obama & Co) are going to get the boot out....i.e., they will be voted out in the next election. So let justice prevail and the antichrist Goldman be burnt at the stake...
0musing 1 year ago
Excellent video ! Thx for sharing and digging up the dirt in this rotten system.
HartmutRast 1 year ago
I thought this was a known fact that these scums bet against their own "investment tools" and we just couldn't do anything about it. If they are found guilty, what would happen?
kenji4861 1 year ago
@kenji4861 I think this would get a fine of a million dollars
ijustinsane 1 year ago
@ijustinsane which is a drop in the bucket
kenji4861 1 year ago
it was obvious they knew it was going to fail. This case confirms it. excellent explanation.
therealcaptobvious 1 year ago
Incredibly well done !
Congratulations and thank you.
rahulmisra2000 1 year ago
nice summary of yet another gold filled sacks bout of thievery.
maybe it's about time we tied one of these sacks to each of the billionaire bandits and threw them in the river. or at least a short spell in jail, say 25 years a piece.
bagariddum 1 year ago
As attorney for the SEC I wouldn't concentrate on the conflict of interest, I would concentrate on the fact that Goldman represents themselves as market experts and act in an advisory position to their investors. As such they have a fiduciary responsibility to their clients. They are trying to surreptitiously claim that they have a hands off approach and have nothing to do with the actual investment decision, by claiming to be a bank [which they all of a sudden became]
shakaama 1 year ago
It could be like convincing a group of people to bet on a Ford Pinto in a 70's Nascar race!
watch?v=vam24rNcGfk
watch?v=punTiYE_oBQ
Rizky06 1 year ago 3
Thanks Paddy!
Rook1515 1 year ago 3
Great analysis... only, you forgot to mention that the bookie couldn't pay out on the bet... so Bush, Obama, and the rest of the bought-and-paid-for congress stepped in to steal from the people of the country they are sworn to protect in order to back to bookie so the crooked gambler could get Pay Dirt.
magichandpuppet 1 year ago
Goldman Sachs are Vipers!!!!!
yo1dude1man 1 year ago
I think Gold In Sacks knew where the bodies were buried for the entire Wall Street scam as they were a top player. The Private FED/SEC is trying to discredit them! "No Honor Among Thieves"!!
Rizky06 1 year ago
Love this guy.............
Shad201 1 year ago 3
Great video! Thanks for the clarification! Two thumbs up!!
Knickz316 1 year ago 20