Chorniki

The CAT's Meow - Cramer's Lightning Round (5/14/08)

Blankfein may make money, always. Who cares? Has he made any money for the owners of the company? Since October, 2007 GS at
$250.00 high has traded as low as $140.00. Simple market fluctuation,
right? Today at $188.59 and slumping.
Mr. Dan Sparks and Mr. Josh Birnbaum should be invited to an SEC
meeting investigating the rationale used to convince Hank Paulson
to allow them to trade tens of millions on sub-prime mortgages. Mr. Paulson certainly will have credible deniability. Nevertheless, he did have to approve the scope of the two gentlemen's trading. What did
these two gentlemen know that made them so confident to make
such outlandish trades? Certainly, they must have been aware of
the enormous demand being made by the investment banks for more "product". Anyone have any idea how that "product" was being generated to as to satisfy the demand from the investment banks?
Hint: ask any ambulatory notary that worked for the big banks
supplying the investment banks request for more "product".
Please ask the notary if any clients refused to sign the "docs" and if
the answer is "yes", why did those clients refused to sign?
Advertise for such "refuseniks". If a sufficient reward is offered, there should be many who will answer the call.