more goldman insight article from CNBC about goldman client practices
https://www.cnbc.com//id/46852889
Ive read other articles that describe how wall street banks would lend the same shares out to a bunch of different clients, charging each of them significant fees, problems happen when something goes wrong and the bank doesnt actually have enuf borrowed shares to cover all their clients short sales, I wonder why all these short sales fees were never shared with the actual owners of the shares that the banks were supposed to be borrowing, this is the ultimate example of greed and disregard for your clients (both the clients you borrowed shares from and the clients you charged borrowing fees many times over for the same shares)
quote from the article
“I think Goldman Sachs is a racketeering entity that does whatever they can to make a dime without conscience, thought, foresight or care about ramifications,” Mr. Cohodes concluded in his testimony. “I think they are cold-blooded and could care less about the law. That’s my opinion. I think I can back it up.”
other comments from US posters about goldman and the government
Obama has his share of Gold Sacks "advisors". And then there is Corzine...fund raiser for Obama...with emails now showing he did authorize the use of customer accounts to cover his bets.
whether its democrat or republican presidents, you always find goldman execs in top government positions to ensure wall street is treated 'fairly', as if they had any concept of fairness
I find it amusing that MK was started by ex goldman people who werent being paid enuf, who had exceeded the incredible level of greed that has been clearly evidenced on wall street and who chose to start their own hedge fund so they would not be constrained by banking regulations or oversight, I dont want these guys to have any level of control or insider knowlege of BAJ, as a matter of fact I wish they hadnt invested in BAJ, they now have enuf shares to play whatever games they want with our share price
MK is trying to position themselves to work with other large shareholders and/or a potential buyer, there is a reason for this huge proxy battle and it has nothing to do with BAJ governance, MK couldnt care less about governance, they will eventually work to leverage a buyout of BAJ that will be in their best interests and which will under value BAJ for retail investors, if they were only in this for the increase in share price that will come with production then they would not be spending this much time and money on a tight proxy battle, they have something far bigger in mind and you can bet it doesnt include all us poor retail investors they claim to want to help
MK concerned with governance is an oxymoron when you consider were they come from and how they make their money