$5 billion Fine and Civil Penalty for Fraud (Lies) in selling mortgage-backed securities just announced.
GOLDMAN SACHS LIES
AND YOUR FINANCIAL HEALTH
(C) 2016 William Schmidt, Ph.D. (Columbia University)
www.tigersoft.com
---------------------------------------------------------------
No big banks has ever had to pay so much money to
regulators for financial "fraud", as Goldman Sachs. "Fraud"
here is legal code for lying to the public while trading privately d
directly opposite to public advise advise given.
1/13/2016 "Goldman Sachs is on record now in calling for a
11% rally in the SP-500.
Maybe, they have especially bullish information from the FED, but
Peerless has not called
a bottom." Abby Cohen made the bullish market call today.
She dismissed the sellers
as being hyper "emotional".
(Source:
http://www.bloomberg.com/news/articles/2016-01-14/goldman-sees-11-upside-in-s-p-500-after-an-emotional-selloff
)
Our TigerSoft indicators and charts show the just
opposite. It is not the emotional public
that is selling. It is New York Professionals and Big Bank
Day Traders.
See the TigerSoft charts of our proprietary Closing Power and the
TigerSoft
Day Traders' Tool. These are falling much faster than our
TigerSoft Opening
Power, which measures Public Emotionalism.
If Goldman is really so sanguine on the market, I want to know why
they announced
this week that they were laying off hundreds of their own workers?
Why should anyone trust Goldman's advise? They are serial
liars. Their public
pronouncements are regularly made to help them privately trade more
profitably.
As proof this very day, it was was reported that they agreed to pay
a 5 Billion Dollar fine
and civil penalty for selling junk mortgages bonds from 2005-2007
while secretly selling them
short for their own account. This is "FRAUD", but no one at the top
in their penthouse
ever goes to jail. They have given too much in the way of
protection money to the
Democrats (and Republicans).
A Hillary loss is the primaries would badly dismay
Wall Street. That's one thing I think
the market is expecting. Hillary and her husband have
received millions in "Speaking Fees"
from Wall Street Bankers, the biggest being Goldman's payment
of $600,000 in just one
year recently.
Source:
http://thehill.com/policy/finance/266220-sanders-rips-clinton-over-goldman-sachs-ties
Goldman CEO Blankfein and Hillary in warm embrace.
Lest we just mock Hillary, we should note that
Republican Ted Cruz owes his Senate seat to Goldman Sachs
which is exactly where his wife now works. This
is how Goldman plans to win in the up-coming Presidential
Election, no matter which party wins.
In South Carolina, Teddy attacks New York values,
Of course, he is mum about his close
"connections to Goldman Sachs"
Sources:
"FRAUD" = LIES
When
you Google "Goldman Sachs" + "Lies", one gets 1,940,000 results!
Goldman Sachs: The UnBridled Greed Connection
April-7-2009
http://www.tigersoftware.com/TigerBlogs/October20-2008/
The Foxes from
Goldman Are in the Henhouse gaming the Trillion Dollar Bailout of Big Banks.
Maybe, finally
Goldman Sachs will get hit really hard by the
falling market. I
guess that is some solace to the suffering that
all the lay-offs are
going to cause if we do enter a bear market.