| Subject: | RE: Goldman Sachs Caught In Fraud by SEC |
|---|---|
| Date: | Fri, 16 Apr 2010 12:15:55 -0700 |
| From: | Jas Jain |
I always enjoy listening to and reading people with different take than mine, especially, those who are genuine born-and-bred Americans who, obviously, have a better understanding of the American system (see replies from Dean and Kirk) than those of us who lack that distinction and benefit. One of the latter asks: "Jas, This move by SEC surprises me. Do you understand what is going on?"
As someone having a large position in the most notorious fraudster in the world I better. One of my great satisfactions over the past 12-18 months has been to successfully strangle this fraudster and having a truckload of out-of-money puts (today I lost money on my strangle, as the volatility spiked, but made a bundle on the puts). Now, to answer your question briefly, it is all part of a big act, or tamasha!
In terms of whether I have had foresight or hind-sight I would let others decide. Maybe, I have had the outsider's luck.
Jas
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Dean:" Your "outrage" is colored by 20/20 hindsight, by which you are certainly correct. The prevailing view before the housing collapse was that housing would not collapse. You would say the prevailing view was "stupid," which has proven correct, but that could have been wrong, too. At the moment of decision there are a myriad of influences partially known. The buyer is responsible for accepting these risks. If he does not wish to accept this responsibility, then he should buy guaranteed TBills, if he thinks these are truthful.
"This is Nixon from the Left. Brokers are on both sides all the time. This publicity furthers Obama agenda. –Dean"
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Kirk here: "Yes Jas. It seems the SEC has suddenly decided it is illegal to make money on commissions selling fire insurance then shorting insurance companies that paid them after they figure out it is fire season and an arsonist has targeted the buildings they sold insurance for. I've never understood how any thinking person can trust what anyone tells them who sells them a product be it used stock certificates for internet companies that don't make money or CDOs that most never understood at all, especially if the selling party can secretly take the opposite side of the trade at a later date.... which they all can and often do. This is probably why you and I make money with completely different methods while most lose money."
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Goldman Sachs Caught In Fraud by SEC
What else is expected from these perennial crooks? I have been exposing this fraudster for a dozen years when I christened the firm Goldchain Silverknife. This firm of born-and-bred fraudsters, raised in a culture of fraud, should have been banned a very long time ago but when they control the USG you can forget that. There are consequences when proven crooks take over the govt.
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