Johnc222

Is Goldman Sachs Really Doing Anything Wrong?

Goldman set-up the Banks along with Deuchter Bank of Germany. They were encouraging Banks to collateralize their MBS and leverage them all the while buying CDS against them.

Their bids in the CDS market where suppose to be private, however most got leaked into the press. The bids were between to MM in the CDS market bidding between one another driving the CDS artifically higher and then the bid was leaked. Naturally, the Market thought the XYZ corporation was going into Chapt.11 since the CDS was soaring...then the naked Shrters took over to finish the job of driving the company into the ground.

I could go on but the rest is history as they say. ...SEC is investigating, however who is investigating the SEC their revolving door between Wall Street and the Commission has contributed to the American people's destruction of the Nation's Wealth.-johnc222

p.s. XYZ Corp. is an example....however see if lehman fits the bill or AIG