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]
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?
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.
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
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.
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?
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
These videos are youtube gems
“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 !
Goldman's customers are referred to as "muppets".
Wow great explanation. Is there a video like this about the investigation regarding the Gamestop 2020-2021 investigation
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]
He is brilliant i dig his teaching style 😎
it was obvious they knew it was going to fail. This case confirms it. excellent explanation.
A thumb down from a Goldman employee
Thank you. Incredibly helpful and well done. More please on different financial topics.
Would one of those investors include the Government of Greece?
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?
Obviously he succeeded drawing the horse :D
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.
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
This is a peak Sigma grindset.
Thanks Paddy!
how does paulsen manage to convince ACA to fill it up with junk bonds?
David Neo good question
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.
Thank you. Great content.
good information. thanks a lot.
What a disgusting system of business
gr8 video paddy hey i understood goldman but what was the other company's name?
your videos do break it down, you should do a online class for finance.
hahaha I love him at the end
Does Wall Street ever make money legitimately? Their "sophistication" seems to be all about swindling.
vinerals and mitamins
nafism6969 😂
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?
Goldman Sachs are Vipers!!!!!
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
@ijustinsane which is a drop in the bucket
cute accent and super helpful :)
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
LoL such a great scam