SEC goes after Goldman

[@zes3813]

These videos are youtube gems

[@fbi6555]

“So he buys a horse” (Draws giraffe immediately after)

[@Pfsif]

Goldman's customers are referred to as "muppets".

[@shakaama]

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]

[@321Nox]

Wow, thank you for this. My case study makes a lot more sense now

[@user-bz8zq4mk3l]

Videos are great need to bring these back as the industry has changed and invoked quiet a lot !

[@therealcaptobvious]

it was obvious they knew it was going to fail. This case confirms it. excellent explanation.

[@HarperPolo]

Wow great explanation. Is there a video like this about the investigation regarding the Gamestop 2020-2021 investigation

[@sanguinor5609]

This is a peak Sigma grindset.

[@LorrieCesarzMEMedia]

Thank you. Incredibly helpful and well done. More please on different financial topics.

[@thething168]

A thumb down from a Goldman employee

[@SuperGogetem]

Would one of those investors include the Government of Greece?

[@davidneoproperty]

how does paulsen manage to convince ACA to fill it up with junk bonds?

[@shreelaxmi1000]

David Neo good question

[@cyraxhuannguyen]

Obviously he succeeded drawing the horse :D

[@edcugata]

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.

[@willchatman8935]

He is brilliant i dig his teaching style 😎

[@mail22]

If that's not fraud, I don't know what is. The term "misrepresentation" come to mind.

[@Rook1515]

Thanks Paddy!

[@jeepz669]

What a disgusting system of business

[@amalekited]

hahaha I love him at the end

[@LorrieCesarzMEMedia]

Thank you. Great content.

[@Cocofive]

good information. thanks a lot.

[@lindsaybaxter9316]

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.

[@nafism6969]

vinerals and mitamins

[@shreelaxmi1000]

nafism6969 😂

[@alotan2acs]

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

[@mail22]

@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.

[@alotan2acs]

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.mayankpant1571]

gr8 video paddy hey i understood goldman but what was the other company's name?

[@Arginine88]

your videos do break it down, you should do a online class for finance.

[@JChang1987]

Does Wall Street ever make money legitimately? Their "sophistication" seems to be all about swindling.

[@ecsyntric]

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

[@yo1dude1man]

Goldman Sachs are Vipers!!!!!

[@ggelumons6860]

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?

[@heymrpitiful]

cute accent and super helpful :)

[@OdqMike]

To summarize Goldman = dogshit?

[@kenji4861]

@ijustinsane which is a drop in the bucket

[@bauticrack]

LoL such a great scam

[@Rizky06]

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