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View Diary: Goldman Sachs & Bain Capital are in Deep Pooh Pooh This Time? (61 comments)

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  •  Shows Nocera's ignorance... (1+ / 0-)
    Recommended by:
    laserhaas
    Taken in their entirety, the e-mails and internal reports show Goldman took advantage of naïve Internet start-ups to fatten its own bottom line.
    Goldman would have made a LOT more money if they had priced these offerings higher, since their fee is based on a percentage of funds raised.  
    •  R U Seriously stating that GSachs would have (0+ / 0-)

      made a LOT more money, than the $400 million they STOLE - if they let eToys get is "proper" share of the IPO?

      REALLY????


      Mitt Romney was CEO of Bain until Aug 2001. Proof of Bain & Romney Fraud

      by laserhaas on Tue Mar 26, 2013 at 01:23:16 PM PDT

      [ Parent ]

      •  Again.... (1+ / 0-)
        Recommended by:
        laserhaas

        ...not commenting on the specific allegations of your case.....and perhaps I misinterpreted this reference by Nocera.

        Some people here think that in an underwritten offering the bank buys shares from a company at X and turns around and sells them at X + $25 and pockets the difference.  That is illegal....I know, I know,  many things are illegal and happen....trust me, that doesn't happen.

        •  I understand. Even if we do not discuss case (0+ / 0-)

          specifics, what Goldman Sachs did - in "low balling" the prices and "splitting" the gains - is Illegal.

          Goldman Sachs and others, including Meg Whittman of Ebay, pled "No Contest" - and (purportedly) - paid back their "spinning" monies

          (If it got paid back to my company eToys - I never get the memo - or the payments).

          http://www.calbuzz.com/...


          Mitt Romney was CEO of Bain until Aug 2001. Proof of Bain & Romney Fraud

          by laserhaas on Tue Mar 26, 2013 at 03:32:12 PM PDT

          [ Parent ]

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