It’s Good to be a Bankster… Goldman Skates

*JUSTICE DEPARTMENT CONCLUDES GOLDMAN SACHS PROBE :GS US
*JUSTICE DEPT. WON’T PROSECUTE GOLDMAN SACHS, EMPLOYEES: AP
*JUSTICE FINDS NO `VIABLE BASIS’ FOR CHARGES AGAINST GOLDMAN
*SENATE INVESTIGATIONS PANEL RELEASED REPORT IN 2011 :GS US
*SENATORS LEVIN AND COBURN REFERRED REPORT TO JUSTICE DEPARTMENT

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The Market Ticker – Goldman Skates

It’s good to be a bankster….

After a yearlong investigation, the Justice Department said Thursday that it won’t bring charges against Goldman Sachs Group Inc. GS +1.06% or any of its employees for financial fraud related to the mortgage crisis.

In a statement, the Justice Department said “the burden of proof” couldn’t be met to prosecute Goldman criminally based on claims made in an extensive report prepared by a U.S. Senate panel that investigated the financial crisis.

Let’s see…. the standard of proof is “beyond a reasonable doubt.” Do you think a jury would be convinced if you could show that…

The report concluded that even as securities firms flooded the market with securitized mortgages and advised clients to buy them, firms privately used words like “crap” and “flying pig” to describe the financial instruments.

And this is not sufficient for a jury to find that “beyond a reasonable doubt” the people who bought those securities were deceived as to what Goldman believed about them?

That’s an interesting conclusion by the US Just-US department.

If you want to know why we’re going exactly nowhere in the United States from an economic perspective, you need only look to this decision. Entrepreneurs simply do not have the influence to obtain this sort of “Just-US”, and thus they must play by the rules. But the banksters do not have that infirmity; whatever they want to do, they appear to be able to get away with — and they will not be prosecuted even when their own emails show that they are calling the allegedly-valuable securities they’re selling “crap” and a “flying pig” internally.

You would have to be out of your mind to invest in a small business today, or to start one, as this is what you’re competing against.

Without putting an end of this crap economic recovery is impossible.

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4closureFraud.org

Comments
3 Responses to “It’s Good to be a Bankster… Goldman Skates”
  1. Ken Hansen says:

    “We stole your houses (and jobs) to save America, Wars aren’t cheap” sounds a little conspiratorial, but why not attempt a bit of honesty during troubled times? What are the people going to do, fight back in a police state?

    • D Bass says:

      The crooks just keep on stealing. A criminal is a criminal, crime continues without punishment/ We cannot expect them to stop otherwise. The bankers are worse than the mafia, we actually put some crime bosses in prison at one time. Does not look like any criminal bankers are going anywhere but flying overseas to spend their money they stole from us.

  2. Herman Vergara says:

    HSBC Bank USA, now can continue with it’s *MONEY LAUNDERING OPERATIONS* without any worry.

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