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re: Is there a chance that Goldman is done?

Posted on 5/20/10 at 1:12 am to
Posted by Tiger JJ
Member since Aug 2010
545 posts
Posted on 5/20/10 at 1:12 am to
quote:

so are they facing losses or lawsuits ?


They will probably face government fines as well as lawsuits.

quote:

what exactly could put them under if it were to happen ?


A jury award in excess of their book value.
Posted by tigerfan4444
Member since Apr 2008
702 posts
Posted on 5/23/10 at 2:41 pm to
I don't buy that GS is done. I still don't get the problem with the CDO actviity.

I was surprised to see that once Warren Buffett publicly stated that Goldman didn't do anything wrong in his estimation, there was a blurb on the business news channel that he was being investigated by the SEC.

GS CEO Blankfein is reportedly going to help a Chicago community bank, Southshore, secure the $125 million it needs to keep it from being seized.

Southshore has ties with Obama. Geaux figure.

Helping out this bank might help some of this nonsense go away.
Posted by LSUtoOmaha
Nashville
Member since Apr 2004
26721 posts
Posted on 5/23/10 at 2:44 pm to
quote:

GS CEO Blankfein is reportedly going to help a Chicago community bank, Southshore, secure the $125 million it needs to keep it from being seized.

Southshore has ties with Obama. Geaux figure.

Helping out this bank might help some of this nonsense go away.


Have no idea if this is true, but

Oh, and what a name: Blankfein
This post was edited on 5/23/10 at 2:45 pm
Posted by tigerfan4444
Member since Apr 2008
702 posts
Posted on 5/25/10 at 3:11 pm to
I mistakenly wrote Southshore instead of ShoreBank, but the story is true.

Charlie Gasparino was on Fox Business talking about ShoreBank with host Liz Claman today. He said something about FDIC...bailout..Wall Street..maybe even GS., but I couldn't hear anything since Liz's breasts were talkin' to me too. Sorry Charlie.


Liz needs to lose some of that extra weight she is lugging around and she'd be smokin.
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