Zero Hedge - Latest Comments in This Message Brought To You By Goldman Sachs' Noble Liquidity Provisioning Team

Re: This Message Brought To You By Goldman Sachs' Noble Liquidity Provisioning Team

placitas — Mon, 20 Jul 2009 16:17:19 -0000

Hey, Art, if Walter Cronkite's career had been during the Internet Age where his sorry ass could been fact checked he wouldn't be such an icon.

They've all been lying and cranking out agenda driven slop for decades.

Re: This Message Brought To You By Goldman Sachs' Noble Liquidity Provisioning Team

Milton Friedman's Ghost — Mon, 20 Jul 2009 14:50:46 -0000

Walter was not an honest journalist. I almost single handedly turned the tide of public opinion on Vietnam.

Re: This Message Brought To You By Goldman Sachs' Noble Liquidity Provisioning Team

Milton Friedman's Ghost — Mon, 20 Jul 2009 14:49:49 -0000

No there are not. The best investigative reporting is at places like this.

Re: This Message Brought To You By Goldman Sachs' Noble Liquidity Provisioning Team

clawback — Mon, 20 Jul 2009 14:36:14 -0000

I thought "providing liquidity" was Goldman speak for "ripping off retail investors by giving the worst execution possible, solely benefitting ourselves." But maybe that's just me.

Re: This Message Brought To You By Goldman Sachs' Noble Liquidity Provisioning Team

chindit13 — Mon, 20 Jul 2009 14:21:03 -0000

There is always liquidity; it just isn't always at a price the seller would like. So now we have a backstopped Goldman Sachs stepping in as a buyer above the market, rather than allowing the market to serve its function of real price discovery. And Goldman can step up without fear, since the "liquidity" they provide is backstopped by the US taxpayer.

Thus, no stock ever need go down again, ever. (Except pretenders to the throne.) Look out Morgan Stanley! BAC! C!

Re: This Message Brought To You By Goldman Sachs' Noble Liquidity Provisioning Team

Moe Speeks — Mon, 20 Jul 2009 14:12:06 -0000

charlie punked out to Goldman Sachs,
what a bitch he is

Re: This Message Brought To You By Goldman Sachs' Noble Liquidity Provisioning Team

Fish Gone Bad — Mon, 20 Jul 2009 14:03:42 -0000

Here is a transcript of the secretly taped conversation between Charlie Gasparino and Van Praag.

Van Praag: Charlie, do you know who signs your check?
Charlie Gasparino: (picking his nose) Uh, my boss does.
Van Praag: Let me put it this way, do you know who signs your boss's check?
Charlie Gasparino: (digging for a big one, then looking at it) What are you going to tell me, its you?
Van Praag: Why yes I am. Now why don't you stop being a <expletive deleted=""> retard and tow the line?
Charlie Gasparino: (looking at floor despondently, and sounding like the Beav) Ah gee wiz Wally, you take all the fun out of things.
Van Praag: And Charlie? On those new porno pages that are up on CNBC, put up some of that Teagan chick who looks like Britney Spears, and some of that Stoya chick too.

There you have it, CNBC works for Goldman Sachs.

Re: This Message Brought To You By Goldman Sachs' Noble Liquidity Provisioning Team

newera22 — Mon, 20 Jul 2009 13:36:26 -0000

Matt Taibbi's point proven again. Goldman has their ability to manage media coverage of them. Matt broke through. Charlie Gasparino is over to the dark side-- and all it took was one meeting.

Goldman continues with the "you can't handle the truth" argument. Without Goldman the world could not function.

Goldman has managed to so screw over this economy by not allowing NEW risk takers to come in and clean up THEIR mess.

Goldman used GOVERNMENT TAXPAYER money to protect their own place in the market and robbed the free market from finding a new batch of BETTER risk takers to clean up for a new stage.

Now it will take years (probably more than a decade) to fix markets once Goldman starts falling apart. Because of Goldman's iron grip during this last crisis we did not get market solutions. And cleaning up after a huge monopoly government controlled taxpayer funded intrusion into free markets will take a long time.

Re: This Message Brought To You By Goldman Sachs' Noble Liquidity Provisioning Team

Art Vandelay — Mon, 20 Jul 2009 13:32:06 -0000

The last one died on Friday. RIP, Walter.

Re: This Message Brought To You By Goldman Sachs' Noble Liquidity Provisioning Team

imapopulistnow — Mon, 20 Jul 2009 13:28:49 -0000

Do you feel comfortable that Goldman Sachs is now responsible for providing market liquidity? Essentially hasn't this function been centralized by one powerful investment bank rather than distributed among hundreds of market makers? Is it not a smokescreen to argue that Goldman Sachs needs to perform this function to avoid the type of market freeze that we had after last September? Is a company, whose responsibility is to its shareholders, going to provide "liquidity" in the face of a financial crisis where it could incur substantial losses? Doesn't power corrupt and absolute power corrupt absolutely?

I think Gasparino just got conned by some very articulate and clever bankers.

Re: This Message Brought To You By Goldman Sachs' Noble Liquidity Provisioning Team

JohnKing — Mon, 20 Jul 2009 13:22:57 -0000

Charlie the tool. Are there any honest journalists left on this planet?