Us Stocks-Wall St rises in thin trade day before U.S. election
U.S. stocks advanced modestly on Monday in light trading in one of the year's quietest sessions on the day before the U.S. presidential election.
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“Make America Great Again”
Since: Jun 07
Bring Obama Back!
#1 Nov 5, 2012
Wall Street/Stock Market is rising on the on the evidence that President Obama is about to be re-elected in another landslide… the Stock Market has tripled over the last 4 years as President Obama’s policies have been great for this economy as it pulled this nation from the edge of total collapse. Obama’s response to Hurricane Sandy with the high praise from Chris Christie has propelled him from a modest victory to a landslide win tomorrow night.
#3 Nov 5, 2012
owebama will lose the election,and lose big,but don't take it too hard,as larry and poo poo will invite you to their loser party.
#4 Nov 5, 2012
Obama’s Goldman-Sachs surrender
More evidence of impotence: The Justice Department will not prosecute the investment bank for mortgage fraud
Friday, Aug 10, 2012
By Andrew Leonard
Rarely does one see a more perfect illustration of the Obama administration’s tortured relationship with Wall Street.
On August 9, the Justice Department and the SEC both announced the end of investigations into potential criminal behavior related to Goldman’s handling of mortgage-backed securities in the runup to the financial crisis.
At the very same time, a Democratic administration is sending up the white flag of surrender, acknowledging that it simply can’t bring Wall Street to account for its misdeeds before and during the financial crisis.
And misdeeds there were, as the 635-page Levin-Coburn report on the financial crisis, which was released in April 2011, makes clear beyond any reasonable doubt. Goldman knew that the mortgage-backed securities it was packaging together were crap. Yet, it sought out suckers to sell the trash to and cashed in by betting that the products it was packaging and selling off would implode in value. Sure, everyone on Wall Street was engaged in the same games — the big difference with Goldman was that they were much, much better at it, and got out while the getting was still good.
#5 Nov 5, 2012
Goldman Sachs was top Obama donor
April 20, 2010
From Robert Yoon,
CNN Political Research Director
For Goldman Sachs, a large financial investment in President Obama does not appear to be paying off.
Wall Street's top investment bank was a generous contributor to Obama's presidential campaign.
The company has defended itself from civil fraud charges filed by the Securities and Exchange Commission and, along with the rest of the financial services sector, fended off an aggressive Democratic-led campaign to impose new rules on banks.
According to Federal Election Commission figures compiled by the Center for Responsive Politics, Goldman Sachs' political action committee and individual contributors who listed the company as their employer donated $994,795 during 2007 and 2008 to Obama's presidential campaign, the second-highest contribution from a company PAC and company employees.
Only the PAC and employees of the University of California, which donated more than $1.5 million, topped Goldman Sachs.
According to figures dating to 1990, Goldman Sachs' PAC and employees have consistently contributed more money to Democratic rather than Republican candidates for federal office.
In the 2008 election, three out of every four dollars contributed by Goldman Sachs went to Democrats.
#6 Nov 5, 2012
DOJ Will Not Prosecute Goldman Sachs in Financial Crisis Probe
Aug 9, 2012
The Justice Department has decided it will not prosecute Goldman Sachs or its employees for their role in the financial crisis, following an investigation by senators Carl Levin (D-MI) and Tom Coburn (R-OK). The congressional investigation found problems with the credit rating agencies and poor oversight from regulators, and highlighted abuses by Goldman Sachs and other large investment banks. Senator Levin sent a formal referral to the Justice Department for a criminal investigation in April 2011.
The investigative report by the Senate’s Permanent Subcommittee on Investigations, chaired by Levin, found that Goldman Sachs “used net short positions to benefit from the downturn in the mortgage market, and designed, marketed, and sold CDOs in ways that created conflicts of interest with the firm’s clients and at times led to the bank’s profiting from the same products that caused substantial losses for its clients.”
A statement from the Justice Department issued late on Thursday evening noted,“Based on the law and evidence as they exist at this time, there is not a viable basis to bring a criminal prosecution with respect to Goldman Sachs or its employees in regard to the allegations set forth in the report.”
Amazing what a few well placed campaign DONATIONS to Obama Will DO!
Since: Dec 07
#7 Nov 5, 2012
The stock market has not tripled you ignorant phoney.
Chris Christie backs Romney, he said so yesterday. Try to pay attention. Because he complimented obama doesn't mean he backs him. DUH
Many investors are waiting for the election and knowing if Romney wins, they're HOT going to be taxed up the kazoo any longer.
#8 Nov 6, 2012
What will you paid per post spammers do once mittwit loses?
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