Don't believe a word of what Goldman Sachs says

This just really pisses me off...

Here is another article verifying that prices are being manipulated in oil. Note particularly the section on page 2, "Goldman Sachs again in the middle". If this is true, there should be some prison time handed out. Here is the article link.
http://www.atimes.com/atimes/Global_.../JE24Dj02.html

They also screwed the planet with internet stocks in the late 90's

the government who should imprison them is probably in on it.

You can't imprison somebody just because they said oil MIGHT be $200 in 6-24 months.Thats a very wide margin.
If you think GS are telling everyone to buy then get ready to sell

You kidding right..so we all like to think we are the good guys..when we don't have it..I bet most of the members here will gladly take a job in GS if offered...

If we were offered a piece of the action..we would take it..its just that..we are unable to trade or do what these hedge funds do...

Be realistic dude...don't try to be all good good..there is nothing judgmental in trading ..just try to be as bad assss as you could be

Spider Forex,

I am glad you said that. What if someone from this very forum, heck, what if Bhale made it to Rogers, Soros even Buffett status 45 years from now. He pushed tens of billions of his own money and influenced hundreds of billions of other peoples money. He went out and made statements trying to get people to jump on this (crude), dump that (dollar) etc etc. Cant wait to throw the dirt when that happens.

Are Goldman and other companies a bit unethical in how they conduct their business? From what little I know, by little I mean only what the press says, I would state that YES, they are a bit unethical. They are more unethical in how they handle third-world climates than how they deal with crude for instance. They try to suck money in from individuals, state pension funds etc. This isn't helping the majority, it is hurting a lot of people. However, being unethical isn't a crime .. and if they step over the line (which I am sure the teams of corporate lawyers test the very limits) into criminality I would be the first to say "lock 'em up". These groups are doing what will make them bucketloads of money. The second you frown upon that, you may as well write hypocrite on your head. As everyone on this forum wants to make it to the big show.

Also, it is interesting that "Goldman" has been the target of several negative headlines recently on this forum. They are the only major investment bank in the U.S. that has actually been strong through this whole mess ... so what do "we" do .. we hate them for it. We hate the groups that actually don't get killed, we hate that there are successful banks out there and are making wild and crazy moves to try to continue their success. I don't wish to offend, though this line of thinking is destructive to the core of aspirations for anyone entering the trading world. After all, what the heck does a trader do? They live off of other peoples work. That is a simplified summary, though it is the truth.

If I became a good trader, along with the MBA/CFA I will soon start working on, I wont hesitate to try and get a job with Lynch, Stanley, Sachs etc etc. I have the hope I can work with one of these monsters, because I want to be big stuff, even though the probability is a stretch.

To spiderforex - no I wouldn't. I am being realistic, and I'm not trying to be a do gooder. Out of whack oil prices are affecting every sector of our economy. It's also affecting our lives in a negative way. The manipulation is real dude.

Steve10% - I'm not saying they sholud be prosecuted for "saying" anything. It's about price manipulation. I don't see very much difference in this and Enron. In fact, as the story says, this lophole was created by congress for enron. Why do you think it's only oil and natural gas that has been exempted or 'deregulated'? Like it or not, oil is as necessary as food and water right now, and manipulation of prices should not be allowed.