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SEC goes after Goldman

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Uploaded by on Apr 16, 2010

Lots of people are puzzling through the SECs fraud allegations against Goldman Sachs, trying to work out how it allegedly committed fraud. The way Paddy Hirsch sees it, its a bit like a bookie and gambler teaming up to fix a horse race.

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  • Great video! Thanks for the clarification! Two thumbs up!!

  • 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

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All Comments (51)

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  • 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.

  • Awesome video!

  • lold @ the end with the horse X)

  • @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.

  • So basically whatever happens, Goldman Sachs wins and everybody else loses. Nice... I hate rich people so much.

  • great but why is the horse fed through his ass at 2:46?

  • Top notch, as usual.

  • @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.

  • 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

  • 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

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