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Market Currents

Monday, April 13, 2009
1:53 PM TweetThis
  • Goldman Sachs (GS) hires a law firm to shut down blogger Mike Morgan, whose Facts About Goldman Sachs blog apparently irks the firm it targets. In the meantime, the attention is driving traffic to the blog - big time. On Saturday, the blog's web counter had logged just 40 visits. Now it's up to 102,899... make that 103,517.
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This news story has 8 comments:

  •  
    The truth hurts-the firm and the economy. Prepare for more of this. In our State, the government has many tools to achieve its ends.
    2009 Apr 13 02:01 PM Reply
  •  
    In the past blogs like this have survived legal challenges. This one will be interesting to see.

    This is the type of objection I would like to see from the financial industry in regards to regulation, but I'm not stupid enough to believe that will ever happen.
    2009 Apr 13 02:14 PM Reply
  •  
    Goldman has the money to tie this site up. It's a shame the right to free speech can be taken away because big money can force the little guy to capitulate because he doesn't have the money to fight back.

    The only side I'm taking is the right to free speech
    2009 Apr 13 02:15 PM Reply
  •  
    I would like to thank Goldman Sachs for bringing that site to my attention. Without their attempt to shut it down, I wouldn't have even known about it.
    2009 Apr 13 02:18 PM Reply
  •  
    We'll see if the internet can spawn a populist uprising against the bailout sham. Willoughby had a good piece in Barrons this weekend with William Black. There are enough people writing about the b.s. which began with Paulson and is being continued with Giethner, that we could get some traction.
    2009 Apr 13 02:20 PM Reply
  •  
    Support Mike Morgan!
    2009 Apr 13 02:26 PM Reply
  •  
    King Louis XIV of France is reputed to have said, "L'etat, c'est moi" Translated: the state (or government) is me. Millions are beginning to suspect Lloyd Blankfein (he of the $67.8 million annual paycheck) of uttering the same thing. GS made a tactical error by giving Mike Morgan the pub he needed, probably unaware how many people are wise to their their furious self-interest peddling. This guy is tapping into a raw nerve in the nation. They probably figure they'll squash him like a cabbage leaf.

    Now it will be interesting to see if Obama is his own man or a Blankfein puppet.
    2009 Apr 13 03:26 PM Reply
  •  
    I cant even begin to imagine what shenanigans the GS Specialists on the floor get into on typical trading day.
    ======================...
    ""Clearly the lunatic economics of this larceny appeal to the criminal. The story is told that after he had been deported to Italy, Lucky Luciano granted an interview in which he described a visit to the floor of the stock exchange. When the operations of the floor specialists had been explained to him, he said, " A terrible thing happened. I realized I'd joined the wrong mob."

    Excerpt taken from: www.ethicalmarkets.com.../
    2009 Apr 13 05:00 PM Reply
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