Sunday, April 25, 2010
Wednesday, April 21, 2010
Monday, April 19, 2010
Review of Constroversal Golman Sachs Pitch Book
Here's a review of the controversial Goldman Sachs pitch book for the CBO over which Goldman Sachs has been accused of fraud by the SEC.
Sunday, April 18, 2010
SEC's Fraud Accusation Against Goldman Sachs
You can read the SEC allegation here.
It's filled with jargon but essentially, the story goes, Goldman Sachs a) sold a CBO to two European banks, b) without telling them that the investments which the CBO contained were selected by a hedge fund which c) would be paid out by insurance money (credit default swap) should that CBO fail.
A large part of the case revolves around this pitch book concerning the alleged fraudulent investment.
It's filled with jargon but essentially, the story goes, Goldman Sachs a) sold a CBO to two European banks, b) without telling them that the investments which the CBO contained were selected by a hedge fund which c) would be paid out by insurance money (credit default swap) should that CBO fail.
A large part of the case revolves around this pitch book concerning the alleged fraudulent investment.
Saturday, April 17, 2010
What the Goldman Sachs Fraud Investigation Means To Us
Here's a very good analysis of the Goldman Sachs investigation into alleged fraud.
Tuesday, April 13, 2010
Bill O'Reilly Gets Malmady Massacre All Wrong Twice, and Fox News Tries to Hides It
I know this is a old (2006) but it needs to be shown again.
Keith Olbermann calls Bill O'Reilly out for getting the facts concerning the Malmedy massacre completely backwards and twice (not once, twice) stated with misplaced certainty that Americans had massacred Germans soldiers at Malmedy. (It was the other way around, the Germans massacred 84 American soldiers who had earlier surrendered.)
And then Fox News alters a transcript effectively hiding the second stuff up by Bill O'Reilly. How are we supposed to even trust their transcripts?
Keith Olbermann calls Bill O'Reilly out for getting the facts concerning the Malmedy massacre completely backwards and twice (not once, twice) stated with misplaced certainty that Americans had massacred Germans soldiers at Malmedy. (It was the other way around, the Germans massacred 84 American soldiers who had earlier surrendered.)
And then Fox News alters a transcript effectively hiding the second stuff up by Bill O'Reilly. How are we supposed to even trust their transcripts?
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