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Predicting Goldman's Demise Based on a cornucopia of sins A show of hands among alums says Goldman Sachs will fail, That Blankfein and his croupiers will all end up in jail. The risk of litigation that securitizing was Intended to eliminate has barristers abuzz. Joint ventures with originators won't be hard to prove. They wrote the sales brochures before the lender made his move. By shorting CDOs they wrote, they may have crossed the line Between a life with Bernie and a billion dollar fine. As even more hedge funds continue selling Goldman short, Will former Goldman CEOs be free to sway the court? Or will they also be suspect for having pulled the strings Designed to make their former firm the king of Wall Street's flings. Flings like warrant buybacks for a billion dollars plus Before they hit the next pothole in Cramer's quick buck bus. Has hubris immunized the lads against the subprime flu? Only while Ben's "discount window" fuels their derring-doo.
Bob Carlson To 'High Frequency Trading Is A Scam' |