SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?


To: Snowshoe who wrote (54262)8/29/2009 5:50:33 PM
From: TobagoJack1 Recommendation  Respond to of 217769
 
something is up or down, almost for sure

perhaps someone big hit the big rocks and is very unhappy, and so positioning? or it is a setup to disadvantage certain competitors in favor of other competitors?

have french creole english jewish hakka chinese, and coincidentally astute nephew who was responsible for developing quite a large customer and biz in china trading metal futures (paper only) starting before such was even legal, for and on behalf of what eventually became enron metal (origin was the purchased bulge-bracket trader, metallgeschaft ag) and since, own a/c, and so should i remember come daylight, i will buzz and follow up on sms just sent asking same



To: Snowshoe who wrote (54262)8/29/2009 10:54:04 PM
From: TobagoJack2 Recommendations  Read Replies (4) | Respond to of 217769
 
the anti-fraud missile is homing in on goldman sachs' j aron, more than likely, according to nephew, because while gs/ja know the rules from past experience and implementation, still sold a bunch of effectively multi-year commodity contracts not counter-signed by legal representatives of state-owned enterprises during second half of last year.

chinese law dictates that all enterprise contracts must be counter-signed by company legal representative, usually its chairman, in order to be valid, and law also dictates that all commodity sale/purchase contracts (as opposed to framework agreements with annual price adjustment) cannot be longer than a year in duration.

my guess is that goldman sachs and its employed minions, in their (i) desperation, and (ii) by their greed, roped in some important marks. now the markers are going bad.

let us watch & brief ... should be another good show if as above.

and let us see whether the slippery tool that is obama move to try to protect gs per obama handlers' dictates.

some hints of examples in same flavor

chinaeconomicreview.com

online.wsj.com

mpettis.com

i note that gs does not have its man in the chinese justice ministry - could soon enough prove to be a bummer

i wonder how many of gs-china competitors are actively aiding the take down of gs from behind the curtains

i suspect some gs-china employees got some words from THE party to the effect that cooperation means redemption