“So he buys a horse” (Draws giraffe immediately after)
@Pfsif8 жыл бұрын
Goldman's customers are referred to as "muppets".
@shakaama14 жыл бұрын
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]
@321Nox9 жыл бұрын
Wow, thank you for this. My case study makes a lot more sense now
@user-bz8zq4mk3l Жыл бұрын
Videos are great need to bring these back as the industry has changed and invoked quiet a lot !
@therealcaptobvious14 жыл бұрын
it was obvious they knew it was going to fail. This case confirms it. excellent explanation.
@HarperPoloАй бұрын
Wow great explanation. Is there a video like this about the investigation regarding the Gamestop 2020-2021 investigation
@sanguinor56092 жыл бұрын
This is a peak Sigma grindset.
@LorrieCesarzMEMedia14 жыл бұрын
Thank you. Incredibly helpful and well done. More please on different financial topics.
@thething1684 жыл бұрын
A thumb down from a Goldman employee
@SuperGogetem11 жыл бұрын
Would one of those investors include the Government of Greece?
@davidneoproperty11 жыл бұрын
how does paulsen manage to convince ACA to fill it up with junk bonds?
@shreelaxmi10007 жыл бұрын
David Neo good question
@cyraxhuannguyen10 жыл бұрын
Obviously he succeeded drawing the horse :D
@edcugata12 жыл бұрын
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.
@willchatman89352 жыл бұрын
He is brilliant i dig his teaching style 😎
@mail2214 жыл бұрын
If that's not fraud, I don't know what is. The term "misrepresentation" come to mind.
@Rook151514 жыл бұрын
Thanks Paddy!
@jeepz6694 жыл бұрын
What a disgusting system of business
@amalekited14 жыл бұрын
hahaha I love him at the end
@LorrieCesarzMEMedia14 жыл бұрын
Thank you. Great content.
@Cocofive14 жыл бұрын
good information. thanks a lot.
@lindsaybaxter93164 жыл бұрын
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.
@nafism696911 жыл бұрын
vinerals and mitamins
@shreelaxmi10007 жыл бұрын
nafism6969 😂
@alotan2acs14 жыл бұрын
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
@mail2214 жыл бұрын
@ijustinsane I'm not a Goldman hater nor am I against representing both sides of the deal but my issue is with knowing the outcome before anyone else (or all sides). It's similar to betting on oil prices going up, then calling a friend at Exxon Mobile to shut down a few pipelines which will raise the price of oil instantly. Every investor has some risk in their investments; Goldman shouldn't get a free pass because so many ex-Goldman employees work in Washington.
@alotan2acs14 жыл бұрын
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?
@dr.mayankpant157110 жыл бұрын
gr8 video paddy hey i understood goldman but what was the other company's name?
@Arginine8814 жыл бұрын
your videos do break it down, you should do a online class for finance.
@JChang198714 жыл бұрын
Does Wall Street ever make money legitimately? Their "sophistication" seems to be all about swindling.
@ecsyntric4 жыл бұрын
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
@yo1dude1man14 жыл бұрын
Goldman Sachs are Vipers!!!!!
@ggelumons68609 жыл бұрын
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?
@heymrpitiful12 жыл бұрын
cute accent and super helpful :)
@OdqMike10 жыл бұрын
To summarize Goldman = dogshit?
@kenji486114 жыл бұрын
@ijustinsane which is a drop in the bucket
@bauticrack4 жыл бұрын
LoL such a great scam
@Rizky0614 жыл бұрын
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