tag:blogger.com,1999:blog-6935319911718206450.post205161442751367381..comments2010-06-17T10:01:55.624-05:00Comments on Cognitive Longcuts: Goldman Sachs charged with fraudUnknownnoreply@blogger.comBlogger3125tag:blogger.com,1999:blog-6935319911718206450.post-67741374686132697022010-04-19T02:06:06.975-05:002010-04-19T02:06:06.975-05:00I agree with you in this case.I agree with you in this case.Anonymoushttps://www.blogger.com/profile/13887606188534239906noreply@blogger.comtag:blogger.com,1999:blog-6935319911718206450.post-56024550573889543782010-04-18T22:27:38.855-05:002010-04-18T22:27:38.855-05:00Thanks for the comment, Mike.
Yeah...but the big ...Thanks for the comment, Mike.<br /><br />Yeah...but the big difference here is that this kind of fraud (and Goldman Sachs was not alone) essentially brought down the entire financial sector to its knees where we were faced with another Great Depression (much much worse than what we are currently experiencing) or a Big Gov't bailout. Fraud in any other sector that wasn't this intimately inter-connected to world's economic system would not have been such a big deal (think Enron).<br /><br />I agree that there are some circumstances where the shareholders should bring action but this was a crime against all taxpayers that we are still reeling from in an enormous way. We should all be included on the plaintiff's side of this case, which is why the SEC is bringing it.egbhttps://www.blogger.com/profile/04715584748612118513noreply@blogger.comtag:blogger.com,1999:blog-6935319911718206450.post-11712539519603480442010-04-17T23:59:20.444-05:002010-04-17T23:59:20.444-05:00Booth – there are tons of companies that get hit w...Booth – there are tons of companies that get hit with fraud that are not in the financial sector. The difference is that the media doesn’t spotlight them for the mainstream to feed on. Many of these companies are trading in the penny range or are not in a “hot” sector. I think that the best way to go after GS is to have the shareholders of the company bring action rather than some appointed sector of the government. This will guarantee that the non-governmental entity that does the investigation will at least be working on “some” form of a budget.Anonymoushttps://www.blogger.com/profile/13887606188534239906noreply@blogger.com