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Forum - Wall Street Pit    Stock Due Diligence for All

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From: jack_the_ripper (Rep: 294)Date: 02/08/2010 08:19
Forum: Wall Street Pit - Msg #1877893Thread #672903758 (Rec: 1)
Putting the facts out here - writing is on the wall

In April of 2007 Secretary of the Treasury Hank Paulson (of Goldman Sachs) said subprime problems will be contained, and the housing correction was over:

http://uk.reuters.com/article/idUKWBT00686520070420

Keep in mind only one year later Paulson got down on his knees and begged the Federal government for bailout money as the stock market was plummeting and all of the banks were going bankrupt:

http://www.independent.co.uk/news/business/news/paulson-was-down-on-one-knee-begging-for-a-deal-944046.html

Now, the exact same type of cronies at Goldman Sachs (Eric Nielsen) are saying Greek Sovereign debt woes are to be "contained."

http://www.businessweek.com/news/2010-02-05/goldman-s-nielsen-says-greek-contagion-will-be-contained-.html

Yet the price to insure Greek Debt with CDS is skyrocketing, and Goldman is trying to convince China to buy Greek bonds:

http://www.gata.org/node/8276

Buyer Beware - DD is on the table.


Jack



Rule 1. Do your own DD
Rule 2. Don't forget rule #1
Rule 3. Remember to smile!!!




"You mess with the bull...and you get the horns."
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