The Residential Real Estate Crash Index Message Board

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Strategies & Market Trends : The Residential Real Estate Crash Index

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To: patron_anejo_por_favor who wrote (244443)	4/16/2010 7:22:28 PM
From: carranza2	Read Replies (4) of 306849

A couple of things: If GS were not concerned, it would have settled the case before it got filed. That it is fighting it [or that the SEC did not give it a chance to settle] is highly significant, IMO. It means it has its back against the wall because there are lots of similar cases like it on which it is exposed and/or that the wounded Obama administration has green-lighted a highly political prosecution as a gesture to show its sympathy will all the folks who hate WS, and there are millions of us. My guess is that the prosecution is a combination of both factors. Who is GS kidding in its latest announcement? The evidence that it shorted what it sold to its customers in many vehicles, not just CDOs, is enough to choke a horse. Doing so might not have been illegal, but it is incredibly immoral. It is clear these greedheads don't understand this. It will be their undoing. The whole episode, not just this transaction, is going to cost them billions. It will be the end of GS as we know it. It might also be the impetus [black swan, to use a hackneyed phrase] for the end of this bear rally we are having.

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