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Wednesday
Mar232011

William Cohan Interview On Galleon Trial, Lloyd Blankfein

Video - March 23 (Bloomberg) -- William Cohan, author of "House of Cards" and a Bloomberg Television contributing editor, talks about Goldman Sachs Group Inc. Chief Executive Officer Lloyd Blankfein being called by U.S. prosecutors to testify as a government witness at the insider-trading trial of Galleon Group LLC co-founder Raj Rajaratnam.

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Background reading...

Rajat Gupta: Timeline Of Insider Trading Case Against Goldman Sachs Director

 

 

 

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Reader Comments (6)

Mar 23, 2011 at 4:06 PM | Registered CommenterDailyBail
Oh, the trial...what makes this different than the Martha Stewart trial. The people want someone to throw stones at and bingo bango, we get this boring show trial. How many other people got in big knowing that Goldman stock would go up when Buffett and the Fed threw their 5 bones into the evil pot.

Trump on the View asking for Barry Obama's birth certificate is my favorite clip so far this year. God it is funny. When the ladies start ranting and talking at the same time, I can't stop laughing. Then there is Whoopie's/Whoopi's? face when Trump says that Obama must not like something on his birth certificate. Then it is a black white Bush Obama thing for them.

Go ahead and delete. I just wanted to tell the Daily Bail blogger and his partner that Trump might be the new Palin...willing to say what is on everyone's mind.

Oh, the trial...what makes this different than the Martha Stewart trial. The people want someone to throw stones at and bingo bango, we get this boring show trial. How many other people got in big knowing that Goldman stock would go up when Buffett and the Fed threw their 5 bones into the evil pot.
Mar 23, 2011 at 6:34 PM | Unregistered CommenterThe Donald on Fire
Mar 23, 2011 at 6:39 PM | Unregistered Commenterjohn
Broker faces allegations of excessive trades, losses in 9/11 widow's account

http://www.boston.com/news/local/breaking_news/2011/03/broker_barred_a.html

[snip]

Massachusetts Secretary of State William F. Galvin today barred a Beverly broker from working in the securities business in Massachusetts, charging him with boosting his commissions by excessively trading on the accounts of the widow of a victim of the Sept. 11, 2001 terrorist attacks...

....Brokers earn fees each time they buy or sell securities. Over the course of two years, James Konaxis, 52, of Beverly, racked up $550,000 in commissions even as the value of the widow's accounts fell by more than half, to $1.6 million from $3.7 million, Galvin charged. The accounts were funded with payments from September 11th Victim Compensation Fund created by Congress following the attacks in 2001....

....Also today, the federal Securities and Exchange Commission filed a complaint against Konaxis in US District Court in Boston, charging him with violating federal securities laws. The complaint seeks repayment of his "ill-gotten gains"; monetary penalties; and his ban from trading in low-priced securities known as penny stocks.
Mar 23, 2011 at 6:56 PM | Unregistered Commenterjohn
Loki fingers Beelzebub. Nothing here. Justice will come only after the skull and bones society is outlawed in America and there is nothing left of the Fed but a small pile of cold ashes.
Mar 23, 2011 at 7:39 PM | Unregistered CommenterHoward T. Lewis III
Practice for Lloyd. No more no less.

GS ain't as dumb as they look.
Mar 23, 2011 at 8:35 PM | Unregistered CommenterCheyenne

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