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Up Next for Goldman Sachs: A Criminal Investigation

NEW YORK TIMES - Federal prosecutors have opened an investigation into trading at Goldman Sachs, raising the possibility of criminal charges against the Wall Street giant, according to people familiar with the matter.

While the investigation is still in a preliminary stage, the move could escalate the legal troubles swirling around Goldman.

The Securities and Exchange Commission, which two weeks ago filed a civil fraud suit against Goldman, referred its investigation to prosecutors for the Southern District of New York, which has now opened its own inquiry.

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So they have a criminal investigation before the election.

No doubt the establishment Republicans defend Goldman. After the election things go back to normal.
I'll believe the crooks on Wall Street will be held accountable when I see the prison doors locked behind them.

I wouldn't get to excited, it all about negotiating a price,

writing a script to sacrifice a few underlings for public consumption, then let's move on.

One of the most common sayings in Washington and Wall Street is "everyone has a price". So whether it be the procecution, the SEC, the Attorney General's office or some legal junction, it's all about negotiating the price. The fact is, when you have access to the people's money printing machine, they don't even think of it as stealing. Naa, no big deal, a couple of billion, no one will know.

The real tragedy is that these people fear someone with intergrity like RP so much, that they will spare no expense in keeping him from becoming president. I hate to say it, but I think this system is to far gone to save.

The Federal Reserve Bank System is the Culprit

I get a feeling even Barofsky and the SEC are only out to make it appear like something is being done. But, as long as the majority of people don't realize the entire banking system is fraudulent, it won't matter how many they prosecute, because the system will still be in place. Fraudulent banking must be ended in America once and for all.

Barofsky Testifies:
http://www.bloomberg.com/avp/avp.htm?N=video&T=Barofsky+Test...

Somali Pirate Testifies in US Court, "We Work For Goldman Bank'

'Can't catch me, I'm the Goldman-man!' The world of Banking is a take-off from the schoolyard rhyme, "Can't catch me, I'm the Gingerbread man!"

Lot's of Goldman Stories today. My favorites are Somali Pirates in US court today.
http://www.smh.com.au/business/pirates-and-banksters-see-if-...

Google and Yahoo searches find super fun reading. "Get 'em while their hot!"

Gold-Anti-Trust-Action (GATA) is super hot today. Lot's of big press reporting Goldman, Gold and Gold-Pirates! Swashbuckling! "Investor Business Daily" and "Rolling Stone" picked up their exposing the JP Morgan gold suppression scam.
http://www.gata.org

If Goldman goes to ZERO, we can sing: "Three blind mice. See how they run." Another schoolyard rhyme to help you follow the news.

Get the big picture in "Alice in Wonderland."

Disclaimer: Mark Twain (1835-1910-To be continued) is unlicensed. His river pilot's license went delinquent in 1862. Caution advised. Daily Paul

Michael Nystrom's picture

Goldman drops 8%

Wow! "The Dog and Pony Show" script writers are getting good!

I mean, this episode will be SUCH a cliff hanger!!! Will the Rockechilds, I mean the Rothsfellers be implicated? Oh, no, no, that is not in the script at all. OK, well, will they at least throw some big names under the bus? Can we watch Timmy and Benjie do a perp-walk tango? You know, incarcerating with the starts kind of thing?

When I see ROCKEFELLERS and ROTHSCHILDS behind bars, I will believe someone actually tried to serve justice. I have NO expectation of ever seeing a Rothschild behind bars. We can lock up every puppet on the planet, but until we go for the puppet master, we are spitting into the wind.

Truth exists, and it deserves to be cherished.

Start the trials now but Jail for all.

Look at the deal Rubin made with Mexico and the Peso GoldmanS was up to there eyeballs in that one too.Get cells ready for Greenspan, Geithner,then Paulson,Summers,Rubin,and Ben B the whole lot of them. Its time for justice.

Just fooling people I think

Jail now for the past crimes and investigate this later. How many crimes do they have to commit before they get punished. All these investigations are to gain people's confidence in the system but don't go any where.

Please, pretty please

this would make my year!

The Abuse of Greatness is when it disjoins remorse from power. - Shakespeare