Tag Archives: Goldman Sachs

Goldman Sachs, HSBC, BASF Sued in First US Metals Price Manipulation Case – 27 November 2014

RT logoFour major global firms are to appear in a New York court accused of manipulating platinum and palladium prices for eight years. The law suit is the first of its kind in US history.

Those accused include units of Goldman Sachs Group, the world’s biggest global investment bank, HSBC Holdings, Europe’s largest bank by market value, the metals unit of BASF SE (BAS) ), the world’s largest chemical company, and Standard Bank Group from South Africa, the world’s largest producer of platinum and second largest producer of palladium after Russia.

The plaintiffs claim the manipulations of precious metals prices, which is believed to have started in 2007, have cost purchasers millions of dollars, Reuters reports.

The companies have been sued for using insider information about client purchases and sale orders to profit from slight movements in the price of platinum group metals, be they used for jewelry or for industrial use, such as the production of automotive catalytic converters, fuel cells, etc.

Read the full story at: www.rt.com / link to original article

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DealBook – Goldman Sachs, Buying Redemption – 27 October 2013

DealBook

By SUSANNE CRAIG

Goldman Sachs is a master at making money. Lately it has become a master at giving it away. Goldman — for many a symbol of Wall Street greed and excess — wants the world to know it has a charitable side. With the same calculation that earned it a reputation as the savviest trading house on Wall Street, it has staked out a position as one of the nation’s leading corporate philanthropists, giving away more than $1.6 billion since 2008.

Read the whole story at : www.dealbook.nytimes.com/ link to original article

Eric Platt And Mamta Badkar – Business Insider – Stocks Collapse: Here’s What You Need To Know – 21 June 2012

Eric Platt And Mamta Badkar – Business Insider

Markets plunged ahead of Moody’s expected downgrade of the banking sector.
But first, the scoreboard:
Dow: 12,573.57, -250.8, -1.96%
Nasdaq: 2,859.09, -71.3, -2.44%
S&P 500: 1,325.51, -30.1, -2.23%

Here’s what you need to know. Continue reading

MSNBC – The Dylan Ratigan Show – Greg Palast Says : Arrest The Criminals At Goldman Sachs And In The Greek Government – 18 June 2012

Uploaded byy on 16 November 2011. (Lucas : This video, that is already more than six months old, lets you know one of the  said truths of the debt of the fraud that took place and is still valid The innocent Greeks are now presented to this fraud as their problem. They have to pay back all  in a massive austerity madness. They  should not pay.  It brought Greece to a stailmate in illusional choices. Problems of greed, fraud, conflict of interests, lies of the so-called Greek democratic representation and civil servants and officials. The Greek should arrest the government officials responsible and the bankers that did pull this scam off  and now play the innocent part and even get paid for their crimes now. When will the people get it and take control back and be the free people they should always have been without being controlled debt-slaves.)  Continue reading

Ellen Brown – The Shadow Bailout : How Big Banks Bilk US Towns And Taxpayers – 22 March 2012

Ellen BrownWall Street Confidence Trick: The Interest Rate Swaps that Are Bankrupting Local Governments

The “toxic culture of greed” on Wall Street was highlighted again last week, when Greg Smith went public with his resignation from Goldman Sachs in a scathing oped published in the New York Times.  In other recent eyebrow-raisers, LIBOR rates—the benchmark interest rates involved in interest rate swaps—were shown to be manipulated by the banks that would have to pay up; and the objectivity of the ISDA (International Swaps and Derivatives Association) was called into question, when a 50% haircut for creditors was not declared a “default” requiring counterparties to pay on credit default swaps on Greek sovereign debt.

For more reading see link:  http://www.commondreams.org link to original article

John Ward – Sketch : Time Running Out For Al-Blankfein As Wall Street Spring Arrives Early – 20 March 2012

al-Blankfein with close ally J’aymee Demon

Internal reforms denounced as ‘window dressing’

Now that it is clear that L’oyd Al-Blankfein’s evil regime at Goldman Syria has the natives in open revolt, I think it’s high time the UN stepped in to boycott the firm’s products. Before fleeing dissident Greg S’mith’s open letter to Nu YorJhatimes, of course, we all knew anyway that Goldman was up to no good. It was bankrolling Greek embezzlers and working with the terrorist organisation Hedgbofund, but the point is that, now weve been told they crap on clients, well….we have no choice but to condemn it. Continue reading

John Ward – The More Self-Deluded The “Opinion-Leaders” Become, The More The Slog Thrives – 16 March 2012

(John Ward AKA The Slog)

The Slog would like to wish all its readers a Merry Cataclysm

As the eurozone powers bumble on towards another compromise of their already deeply compromising situation, the MSM continues to print what the Elites tell them. I have very little time for Channel Four ‘News’, but they were spot on three years ago when they said, “The internet is for) opposition”. Continue reading