Has Goldman fatally damaged their Franchise?

[Allan from Fallbrook]

[quote=briansd1]Do you really believe that an SEC lawsuit is just lip service?

A lawsuit consumes a lot of executive time and company resources, and can certainly bring down a company. Remember what happened to Anthur Anderson when it was found guilty?[/quote]

Brian: You might want to check the SEC’s track record on litigation before getting overly excited about this.

Also, there is a huge difference between civil fraud and criminal fraud, hence your comparison between Goldman and Andersen is inapt. The differences between Enron and Goldman are huge. Not defending Goldman, mind, simply pointing out the facts.

[sd_matt]

Most obvious of all…the timing.

[sd_matt]

Most obvious of all…the timing.

[sd_matt]

Most obvious of all…the timing.

[sd_matt]

Most obvious of all…the timing.

[sd_matt]

Most obvious of all…the timing.

[Coronita]

[quote=Allan from Fallbrook][quote=briansd1]Do you really believe that an SEC lawsuit is just lip service?

A lawsuit consumes a lot of executive time and company resources, and can certainly bring down a company. Remember what happened to Anthur Anderson when it was found guilty?[/quote]

Brian: You might want to check the SEC’s track record on litigation before getting overly excited about this.

Also, there is a huge difference between civil fraud and criminal fraud, hence your comparison between Goldman and Andersen is inapt. The differences between Enron and Goldman are huge. Not defending Goldman, mind, simply pointing out the facts.[/quote]

1) SEC v Madoff. Oops
2) SEC v Mark Cuban… Oops
3) SEC v several companies accused of options backdating… Oops..

[Coronita]

[quote=Allan from Fallbrook][quote=briansd1]Do you really believe that an SEC lawsuit is just lip service?

A lawsuit consumes a lot of executive time and company resources, and can certainly bring down a company. Remember what happened to Anthur Anderson when it was found guilty?[/quote]

Brian: You might want to check the SEC’s track record on litigation before getting overly excited about this.

Also, there is a huge difference between civil fraud and criminal fraud, hence your comparison between Goldman and Andersen is inapt. The differences between Enron and Goldman are huge. Not defending Goldman, mind, simply pointing out the facts.[/quote]

1) SEC v Madoff. Oops
2) SEC v Mark Cuban… Oops
3) SEC v several companies accused of options backdating… Oops..

[Coronita]

[quote=Allan from Fallbrook][quote=briansd1]Do you really believe that an SEC lawsuit is just lip service?

A lawsuit consumes a lot of executive time and company resources, and can certainly bring down a company. Remember what happened to Anthur Anderson when it was found guilty?[/quote]

Brian: You might want to check the SEC’s track record on litigation before getting overly excited about this.

Also, there is a huge difference between civil fraud and criminal fraud, hence your comparison between Goldman and Andersen is inapt. The differences between Enron and Goldman are huge. Not defending Goldman, mind, simply pointing out the facts.[/quote]

1) SEC v Madoff. Oops
2) SEC v Mark Cuban… Oops
3) SEC v several companies accused of options backdating… Oops..

[Coronita]

[quote=Allan from Fallbrook][quote=briansd1]Do you really believe that an SEC lawsuit is just lip service?

A lawsuit consumes a lot of executive time and company resources, and can certainly bring down a company. Remember what happened to Anthur Anderson when it was found guilty?[/quote]

Brian: You might want to check the SEC’s track record on litigation before getting overly excited about this.

Also, there is a huge difference between civil fraud and criminal fraud, hence your comparison between Goldman and Andersen is inapt. The differences between Enron and Goldman are huge. Not defending Goldman, mind, simply pointing out the facts.[/quote]

1) SEC v Madoff. Oops
2) SEC v Mark Cuban… Oops
3) SEC v several companies accused of options backdating… Oops..

[Coronita]

[quote=Allan from Fallbrook][quote=briansd1]Do you really believe that an SEC lawsuit is just lip service?

A lawsuit consumes a lot of executive time and company resources, and can certainly bring down a company. Remember what happened to Anthur Anderson when it was found guilty?[/quote]

Brian: You might want to check the SEC’s track record on litigation before getting overly excited about this.

Also, there is a huge difference between civil fraud and criminal fraud, hence your comparison between Goldman and Andersen is inapt. The differences between Enron and Goldman are huge. Not defending Goldman, mind, simply pointing out the facts.[/quote]

1) SEC v Madoff. Oops
2) SEC v Mark Cuban… Oops
3) SEC v several companies accused of options backdating… Oops..

[briansd1]

Remember, Sarbanes–Oxley Act of 2002 signed into law by George W. Bush?

There was a lot more bi-partisan support back then. (423–3 and 99–0)

What we have now is the Party of No, Hell No!

*

We just have to wait see what the outcome of the SEC lawsuit is.

And we’ll see who supports financial reform and who doesn’t.

[briansd1]

Remember, Sarbanes–Oxley Act of 2002 signed into law by George W. Bush?

There was a lot more bi-partisan support back then. (423–3 and 99–0)

What we have now is the Party of No, Hell No!

*

We just have to wait see what the outcome of the SEC lawsuit is.

And we’ll see who supports financial reform and who doesn’t.

[briansd1]

Remember, Sarbanes–Oxley Act of 2002 signed into law by George W. Bush?

There was a lot more bi-partisan support back then. (423–3 and 99–0)

What we have now is the Party of No, Hell No!

*

We just have to wait see what the outcome of the SEC lawsuit is.

And we’ll see who supports financial reform and who doesn’t.

[briansd1]

Remember, Sarbanes–Oxley Act of 2002 signed into law by George W. Bush?

There was a lot more bi-partisan support back then. (423–3 and 99–0)

What we have now is the Party of No, Hell No!

*

We just have to wait see what the outcome of the SEC lawsuit is.

And we’ll see who supports financial reform and who doesn’t.

[Author]

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