Video není dostupné.
Omlouváme se.
SEC goes after Goldman
Vložit
- čas přidán 15. 04. 2010
- Lots of people are puzzling through the SECs fraud allegations against Goldman Sachs, trying to work out how it allegedly committed fraud. The way Paddy Hirsch sees it, its a bit like a bookie and gambler teaming up to fix a horse race. #MarketplaceAPM #SEC #GoldmanSachs
Subscribe to our channel!
/ marketplacevideos
These videos are youtube gems
Goldman's customers are referred to as "muppets".
“So he buys a horse”
(Draws giraffe immediately after)
Wow, thank you for this. My case study makes a lot more sense now
Videos are great need to bring these back as the industry has changed and invoked quiet a lot !
As attorney for the SEC I wouldn't concentrate on the conflict of interest, I would concentrate on the fact that Goldman represents themselves as market experts and act in an advisory position to their investors. As such they have a fiduciary responsibility to their clients. They are trying to surreptitiously claim that they have a hands off approach and have nothing to do with the actual investment decision, by claiming to be a bank [which they all of a sudden became]
it was obvious they knew it was going to fail. This case confirms it. excellent explanation.
Thank you. Incredibly helpful and well done. More please on different financial topics.
Wow great explanation. Is there a video like this about the investigation regarding the Gamestop 2020-2021 investigation
This is a peak Sigma grindset.
A thumb down from a Goldman employee
He is brilliant i dig his teaching style 😎
Would one of those investors include the Government of Greece?
how does paulsen manage to convince ACA to fill it up with junk bonds?
David Neo good question
Obviously he succeeded drawing the horse :D
Thanks Paddy!
You forgot to mention the Horse Race Statistics Magazine that led the people to bed for the horse, aka Credit Qualification Companies - S&P and others.
hahaha I love him at the end
good information. thanks a lot.
Thank you. Great content.
I love the bit at the end. learn to draw horse. the trick with drawing like math is to break down an image into small blocks then joining them together.
If that's not fraud, I don't know what is. The term "misrepresentation" come to mind.
vinerals and mitamins
nafism6969 😂
@ijustinsane I'm not a Goldman hater nor am I against representing both sides of the deal but my issue is with knowing the outcome before anyone else (or all sides). It's similar to betting on oil prices going up, then calling a friend at Exxon Mobile to shut down a few pipelines which will raise the price of oil instantly. Every investor has some risk in their investments; Goldman shouldn't get a free pass because so many ex-Goldman employees work in Washington.
gr8 video paddy hey i understood goldman but what was the other company's name?
Hey paddy, i don't really understand what you mean by "bet". You say paulson bet with Goldman for Abacus to go down. Do you mean bet as in "short"? Or sth else?
Hey paddy, i don't really understand what you mean by "bet". You say paulson bet with Goldman for Abacus to go down. Do you mean bet as in "short"? Or sth else? And how does the investors' money end up with him
there is nothing wrong with creating crafty financial products. there is *always* conflict of interest somewhere. the greed and stupidity lies entirely with the gamblers
What a disgusting system of business
your videos do break it down, you should do a online class for finance.
Did Fabrice actually make the bets on behalf of the mug punters? or did he keep their monies knowin it was a guaranteed tank,as well as betting on a tank; thus to X2 profit? Snide mutha f****, how come Fabrice is so close to W. Govts?
Does Wall Street ever make money legitimately? Their "sophistication" seems to be all about swindling.
Goldman Sachs are Vipers!!!!!
cute accent and super helpful :)
@ijustinsane which is a drop in the bucket
LoL such a great scam
To summarize
Goldman = dogshit?
It could be like convincing a group of people to bet on a Ford Pinto in a 70's Nascar race!
watch?v=vam24rNcGfk
watch?v=punTiYE_oBQ