McClatchy Reports:
By Daniel at 3 November, 2009, 3:33 am
Secrets of G0LDMAN’ Success: Contrary Bets, Predatory Lending, Government Connections, Offshore Tax Havens
2006-2007 G0LDMAN peddled $40 Billion Derivatives based on 200,000 risky home mortgages
G0LDMAN Misrepresented their High Risk Products to Buyers as LOW RISK “AAA” Products
“Misrepresentation” = FRAUD = a contract law concept, meaning false statement of fact made by one party to another party, which has effect of inducing that party into a contract. For example, false statements/promises made by seller of goods regarding the quality/nature of the product that the seller has may constitute misrepresentation.
G0LDMAN secretly bet using Massively Leveraged SHORTS (CDS’s) that Mortgage Derivatives would FAIL!
So in effect G0LDMAN Bet their Clients’ investments would FAIL!
G0LDMAN wins BIG when Homeowners Default using Credit Default Swaps or Leveraged Casino Bets that the homeowners will fail!
They want as many people as possible to lose their HOMES!
G0LDMAN hidden Casino Wagers at the brink of housing meltdown makes massive profits the more that people lose their HOMES!
In effect passing the risk back onto the Homeowner and Fannie/Freddie or other lending institutions! In effect destroying the Main Street Economy!
=================================
Ask G0LDMAN about their PhD developed THEFT SOFTWARE:
1. Automatic Nanosecond Intercepts other trades and insert G0LDMAN Trade ahead to get Bounce!
2. Automatic Market Manipulation - 01L, Commodities, Stock, Derivative, Options, you name it!
SCAM 2:
http://www.bloomberg.com/apps/news?pid=20601087&sid=am7Ds.JhNxvw
G0LDMAN and others are feeding off those Data Centers over in Jersey…and making a mint.
- Jackson Andrew
Related Posts:
Share this Post[?]
No comments yet.