http://newsbiscuit.com/forum/topic.php?id=2744 The NewsBiscuit Community en-US Fri, 24 May 2013 14:24:17 +0000 http://bbpress.org/?v=1.0.2 q http://newsbiscuit.com/forum/search.php http://newsbiscuit.com/forum/topic.php?id=2744#post-8060 Sat, 17 Apr 2010 12:39:39 +0000 Hunter F. Thompson 8060@http://newsbiscuit.com/forum/ <p>The actual indictment mentions "a billion", BTW. However, taking into account lock-in periods affecting directors' share sales, short selling is prolly the only way officers can now expect to collect on their stock "options". Ooopsie? </p> http://newsbiscuit.com/forum/topic.php?id=2744#post-8038 Sat, 17 Apr 2010 09:01:46 +0000 edward hack 8038@http://newsbiscuit.com/forum/ <p>Nice one HFT - like your point.<br /> Life is SO much easier when you're poor.<br /> It must be terrible feeling when somebody hikes one of your millions. </p> http://newsbiscuit.com/forum/topic.php?id=2744#post-8034 Sat, 17 Apr 2010 08:38:48 +0000 Hunter F. Thompson 8034@http://newsbiscuit.com/forum/ <p>NEW YORK, Saturday. In a second indictment filed against the famously wealthy Wall Street firm, the SEC has shown that in an operation which closely resembled a third-rate boiler room such as those frequently found in the UK, Goldman Sachs brokers entered large orders for toxic mortgage-backed securities on clients' accounts without their consent.</p> <p>Slamming is a sales technique used by call-centre personnel to reach their daily sales targets in spite of customer resistance to overstocked or otherwise unattractive products.</p> <p>In a move to avoid prosecution and the revelation of even more embarassing details, the firm has admitted liability, agreed to make restitution, and has already begun a programmed trading operation in the open market to raise sufficient funds to comply with the SEC ruling. The firm’s stock price has responded negatively to the programme. </p>