LATE SHOW: Seth Myers Annihilates Goldman Sachs

THE NON-PUNISHMENT OF GOLDMAN

This is good comedy. Seth takes a closer look at the $5 billion fine levied against Goldman Sachs, and wonders why no executives were charged with fraud.

"So let me get this straight. Goldman gets fined a few weeks worth of revenue, that total turns out to be lower because of tax deductions, and at the end of the day their stock price goes up."

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The settlement details are here:

NO CRIMINAL CHARGES FOR GOLDMAN SACHS

Comments

[DailyBail]

Silver hits 11-month high. It's up more than gold in 2016

http://money.cnn.com/2016/04/19/investing/silver-price-soars/index.html

[Raoul]

Amusing, but the piece glorifies Sen. Elizabeth Warren for blaming the meltdown of 2008 on sub-prime mortgages. She's grilling a banking exec, and she blasts him for not acknowledging how the poor were screwing things up. Glad I watched this clip--it showed me that Warren is part of the excuse making team.

[skinflint]

Anyone catch that interview with Myers on NPR. Apparently he and another guy wrote a bunch of jokes for the media dinner that they have where everyone is there and gets grilled. Well, they roasted Trump pretty toasty with Obama throwing a couple of barbs in as well and EVERYONE was laughing. I think Trump made up his mind right then and there that he was going to run. Seth Myers first name should be Oscar. Now that's where Weiners end up.

[DailyBail]

RAOUL

I have watched enough Liz Warren to tell you that she doesn't blame the poor, she blames predatory lending by the banks. It's a complicated mess and all parties are to blame to some extent -- greedy homeowners doing cash-out refis, stupid homebuyers, fraudulent bankers and lenders, and more.

[Cheyenne]

Things that make you go hmmmmm....

Dated 4/21/16:

"Paulson wasn’t just betting on the horse race. The fund was secretly slipping Quaaludes to the favorite. ACA did not understand that Paulson was betting against the security."

http://www.newyorker.com/business/currency/why-the-s-e-c-didnt-hit-goldman-sachs-harder

Dated 3/18/16:

"Goldman made money, in other words, by betting on horse races that it rigged. Goldman put $1 on its poisoned horse to win, and touted the bet so clients would bet on Hudson themselves. Secretly, though, Goldman bet $330 that Hudson would die down the stretch."

http://www.youtube.com/watch?v=eHgbRYgpGGs (at 10:00 mark)

[Sagebrush]

We need vigilantes to round em all up and hang em. The law ain't never gonna do nuthin.

http://www.zerohedge.com/news/2016-04-21/these-sec-insider-emails-reveal-why-no-bankers-have-gone-jail

[DailyBail]

The ZH piece can be hard to follow, as they often are over there. Here's the original story. It was published at New Yorker and ProPublica, same version both places. Matt Stoller sent it to me by email yesterday. Stoller is now senior budget director for the Senate Budget Cmte. on the minority side, after having worked for Dylan Ratigan at MSNBC and others in Congress.

http://www.newyorker.com/business/currency/why-the-s-e-c-didnt-hit-goldman-sachs-harder

[DailyBail]

CHEYENNE

It's a sign of the influence of your documentary.. I'm sure the author Jesse Eisenberg has watched it a few times. Remarkably similar language.

[DailyBail]

Who Loses the Most From ‘Brexit’?

http://www.wsj.com/articles/who-loses-the-most-from-brexit-try-goldman-sachs-1460403274?shareToken=st0288efb36719463f996f65024569150e&mod=e2tw

Try Goldman Sachs

[Sagebrush]

Another reason is if Goldman Sucks hopes to get some help covering their ass from prosecution with TTIP? If Britain exits TTIP is probably dead in the water.

("The TTIP is going to protect corporations and mega-banks from prosecution.")

http://investmentwatchblog.com/the-ttip-is-going-to-protect-corporations-and-mega-banks-from-prosecution/

[DailyBail]

SAGE

Your timing is impeccable. I brought this story back to the front page while I worked on the next story which is Seth Myers on Brexit, where I wrote exactly this, that Brexit could kill the TTIP. Then I just flooded the front page with a few ttip stories. So again, good timing.