RAW STORY IS:
CARBON BALANCED; ALL CARBON EMISSIONS ARE OFFSET!

Goldman Sachs sold $250 million of BP stock before spill

By John Byrne
Wednesday, June 2nd, 2010 -- 10:12 am

goldman sachs logo Goldman Sachs sold $250 million of BP stock before spill

Firm's stock sale nearly twice as large as any other institution; Represented 44 percent of total BP investment

The brokerage firm that's faced the most scrutiny from regulators in the past year over the shorting of mortgage related securities seems to have had good timing when it came to something else: the stock of British oil giant BP.

According to regulatory filings, RawStory.com has found that Goldman Sachs sold 4,680,822 shares of BP in the first quarter of 2010. Goldman's sales were the largest of any firm during that time. Goldman would have pocketed slightly more than $266 million if their holdings were sold at the average price of BP's stock during the quarter.

If Goldman had sold these shares today, their investment would have lost 36 percent its value, or $96 million. The share sales represented 44 percent of Goldman's holdings -- meaning that Goldman's remaining holdings have still lost tens of millions in value.

The sale and its size itself isn't unusual for a large asset management firm. Wall Street brokerages routinely buy and sell huge blocks of shares for themselves and their clients. In light of a recent SEC lawsuit arguing that Goldman kept information about a product they sold from their clients, however, the stock sale may raise fresh concern among Goldman's critics. Goldman is also a frequent target of liberals and journalists, including Rolling Stone's Matt Taibbi, who famously dubbed the firm a "vampire squid."

Story continues below...

Two calls placed to Goldman Sachs' media office in New York Wednesday morning after US markets opened were not immediately returned, though Raw Story decided to publish the story quickly after the calls since the stock sale had been already noted online.

Others also sold stock

Other asset management firms also sold huge blocks of BP stock in the first quarter -- but their sales were a fraction of Goldman's. Wachovia, which is owned by Wells Fargo, sold 2,667,419 shares; UBS, the Swiss bank, sold 2,125,566 shares.

Wachovia and UBS also sold much larger percentages of their BP stock, at 98 percently and 97 percent respectively.

Wachova parent Wells Fargo, however, bought 2.3 million shares in the quarter, largely discounting Wachovia's sales.

Those reported buying BP's stock included Wellington Management, a large asset firm, and the Bill and Melinda Gates Foundation.

BP is struggling to cap a massive oil leak at one of its drill sites in the Gulf of Mexico. The firm's myriad safety violations over the years have come to light in lieu of the Gulf disaster.

BP traded on average at $56.86 in the first quarter, according to GuruFocus, a site that monitors the major trading moves of prominent investors. A list of major institutions' sales of BP stock are available at the market research website Morningstar.

It's certainly unknown as to why the firms sold their holdings. In its analysis of the company in mid-March, Morningstar, the market research site, gave the company an average rating of three out of a possible five stars.

"BP's valuation carries more uncertainty than ExxonMobil's or Shell's because the firm is less integrated, with more of its earnings coming from the [exploration and production] business than from potentially offsetting refining operations," the site's analyst wrote. "Like its peers, a sustained drop in oil and gas prices can hurt upstream earnings. Lower crude-oil feedstock costs could help refining margins, but refined product pricing lags could quickly swing refining profits to losses. BP's global business faces potential disruptions caused by political risks, particularly with its heavy exposure to Russia. Disruptions caused by environmental and operational constraints could further limit earnings potential."

The transnational oil company, like other energy giants, was hit with lower oil and gas prices in the past year after the price of oil surged in 2008.

"BP's fourth quarter marked another quarter of year-over-year production gains, with a 3% increase thanks to new field startups," Morningstar's analyst wrote in another note, after BP turned in better than expected fourth quarter results in February. "BP reported fourth-quarter replacement cost profit of $3.4 billion, up 33% from year-ago earnings of $2.6 billion, as upstream earnings growth was more than enough to offset downstream weakness. For the full year, BP's earnings of $14 billion were 45% below year-ago earnings of $26 billion, in part because of lower oil prices earlier in the year. We're encouraged by BP's sequential earnings gains as new projects and cost-cutting efforts drive upstream results."

The SEC filed a civil lawsuit against Goldman Sachs and one of its vice presidents in April, asserting that the firm had committed fraud by misrepresenting a mortgage-investment product inherently designed to fail. The company helped a hedge fund trader create a mortgage investment that gained value as mortgage borrowers defaulted en masse.

In response, Goldman said the SEC's charges were “completely unfounded in law and fact” and averred that it would “vigorously contest them and defend the firm and its reputation.”

The firm has also faced criticism over giant bonuses paid to staff amidst the US financial crisis. Goldman reduced the sizes of its staff bonuses this year to $16.9 billion, and said it would pay its chief executive $9 million, far less than the previous year.

Goldman also announced it would create a $500 million program to help small businesses. Critics noted that the figure represented just 3% of the bonus pool.

View Comments to “Goldman Sachs sold $250 million of BP stock before spill”

  1. 1thecrow

    Timing is everything.

    http://michaelfury.wordpress.com/2008/08/20/the...


  2. 2dennycrane

    Hmmm, is “Cleo” from the “Psychic Hotline” still around? Was this just a lucky guess?


  3. 3Gorgeous George Orwell

    “The SEC filed a civil lawsuit against Goldman Sachs and one of its vice presidents in April, asserting that the firm had committed fraud by misrepresenting a mortgage-investment product inherently designed to fail.”

    Mortgage-investment products, European Countries, deep-water oil wells – hey, there's a lot of money to be made in failure these days. It's absolutely appalling that some of you could suspect Goldman Sachs of goosing them along somehow…


  4. 4MrComments

    Yes, it was lucky. As the article says, they buy and sell these quantities ALL the time. They could just as easily have bought and lost money.

    No, that does not take away from the fact that they tanked the global market with criminal behaviour…..but that is conspiracy FACT. Any notion that they had secret info about a spill, or created the spill is conspiracy FICTION…..or more accurately…..LOONEY TUNES


  5. 5Gorgeous George Orwell

    Let's get Buzzy Krongard on the line – I'm sure he can put everyone's suspicions to rest…


  6. 6swtcltfrphl

    Now ain't that interesting? Wonder how many were sold by the Cheney's?


  7. 7What The?

    hmmm, saw this posted on Huff Post, didn't take it seriously at first:

    If I shorted Gulf stocks the day before this platform explosion and bought a company that puts out oil well fires the week before, I'd have the FBI at my door within hours.

    Cheney's Halliburton bought a company called Boots & Coots which became well known for putting out some of the world's largest oil and gas fires. 8 days before the disaster http://www.chron.com/disp/story.mpl/business/69...

    Goldman Sachs shorted the Gulf Oil stocks the day before the accident http://www.examiner.com/x-8199-Breakthrough-Ene...

    http://investorshub.advfn.com/boards/read_msg.a...

    Cementing of the oil rig well was finished only 20 hours before the explosion http://www.npr.org/templates/story/story.php?st...

    BP sent workers from the well head testing company home 11 hours before the explosion on April 20 — “without performing a final check http://www.huffingtonpost.com/2010/05/20/bp-smo...

    A team from Schlumberger, which is highly regarded for their safety, asks a BP company man to use the Cement Bond Log (CBL) to dump fluid down the well and BP's company man refused. Schlumberger rep decides to leave citing safety issues but only if they called in their own transport as BP rep would not let Schlumberger leave on a BP Chopper.
    http://adropofrain.net/2010/05/rumor-schlumberg...


  8. 8matt

    Reminds me of the Put Options and short selling done to United and American Airlines before 9/11.


  9. 9RepublicansAreADisease

    And Rush said it was Greenpeace that blew up the Deepwater Horizon…. Better check and see if Goldman had some cds's…. I'm just sayin….


  10. 10Azazel

    Yes but the 9/11 commission said that those transactions were not related to the terrorists.

    LMAO!!! Yeah, they were related to the US Government!

    9/11 was an inside job!


  11. 11Azazel

    So its all just a coincidence huh?

    lol… people are so dumb and gullible.


  12. 12imwc

    another inside job that won`t be investigated (properly)…!


  13. 13namewithheld

    Well, now that MrComments has cleared that up, I guess I'll just go back to watching Dancing with the Stars.


  14. 14Markov

    You're speculating. You have no idea whether or not the disaster was manufactured on purpose, nor does anyone else here. Yet, you've taken the additional irrational step of reaching a conclusion that anyone who questions the timing is insane. You might want to consider therapy.


  15. 15lilyannrose

    What a coincidence!


  16. 16Corporate Indu$trial Complex

    .
    GOLDMAN SACHS ADVISES BRITISH PETROLEUM TO INFILTRATE FEDERAL RESERVE, SEC, DOJ
    .


  17. 17Lacy

    Also Halliburton seems to have quite a bit of timing luck purchasing the company that handled the 1979 *very simililar* Ixtoc I blowout which leaked 30,000 barrels of oil into the gulf until it was ultimately capped 10 Months! later. The purchase was 11 days prior to the current crisis.
    “Adair died in 2004. Boots and Coots/IWC was sold to Halliburton April 9, 2010.”
    http://en.wikipedia.org/wiki/Red_Adair


  18. 18marblex

    Good timing, my ass. I told you this oil dump was deliberate and intended to cause chaos… and it will. Fuel prices will skyrocket mid july as the food supply sharply declines. Add to that millions of Americans whose unemployment benefits run out at that time (gee, thanks congress); growing homelessness among former members of the middle class, and you have DISASTER.

    This event is another in a series of events designed to loot the USA of all its wealth.

    Guess what? It's working.


  19. 19not fooled

    hey, all of you idiots who love obama! guess what? goldman sachs OWNS that lying puppet scumbag. who do you think put him in office? do some research.


  20. 20bigdaddyvike

    this reeks of impropriety.


  21. 21peterlawrence

    Are you asking “Could a short sell been in place that was based on executive information that something was going to happen just like 9/11 and the airline stock”?

    I wouldn't put it past them in the world of disaster capitalism. The next question might be, where did they invest the money after they pulled it out of BP? Into a chemical dispersant company?


  22. 22peterlawrence

    Are you asking “Could a short sell been in place that was based on executive information that something was going to happen just like 9/11 and the airline stock”?

    I wouldn't put it past them in the world of disaster capitalism. The next question might be, where did they invest the money after they pulled it out of BP? Into a chemical dispersant company?


  23. 23truthfool

    thanks for links


  24. 24truthfool

    thanks for links


  25. 25Teddy Kennedy's SEARCH+RESCUE

    And the INVASION of the USA continues… http://www.BorderInvasionPics.com


  26. 26Scott Templeman

    Wow! You should compile these into a blog post, good stuff!


  27. 27edwardo

    Looks like they got inside information! and from whom?


  28. 28Lyman

    It's only the morons who love Obama. The idiots loved Bush.


  29. 29B. Samuel Davis

    Has anyone looked at sabotage as happening here? Why not Russia – we sabotaged a Soviet pipeline during the Cold War. How about China, which would have plenty to gain if it was given the Gulf to exploit with Cuba as its partners without United States competing against it. I'm not saying it happened, but shouldn't someone at least look at whether it could have happened?


  30. 30Atilla

    They buy and sell short 44% of their investments, “All the time”? You moron! they'd be bankrupt instead of filthy rich….Does anyone know how much Goldman Sachs sold off on 9-10-01? I'm betting it was this much or more. Nothing is going to change until the center breaks and lynch mobs desend on Wall St., C Street, and the churches.


  31. 31schallb

    DOES THIS SURPRISE ANYONE?


  32. 32Brad G

    Halliburton?? LMAO. This is NOT a “oil and gas fire”, Einstein. Better to ask the Obama White House, which has very longstanding and intimate ties with Goldman Sachs.


  33. 33Strange Days...

    Do a google search on “North Fleet” and “Korea” and “Deepwater” and see what you find there. The Russian theory is not entirely implausable. And from a timing aspect… quite interesting. If so it might explain a vector by which Goldman Sachs could have gotten prior knowledge… possibly.


  34. 34Strange Days...

    Do a google search on “North Fleet” and “Korea” and “Deepwater” and see what you find there. The Russian theory is not entirely implausable. And from a timing aspect… quite interesting. If so it might explain a vector by which Goldman Sachs could have gotten prior knowledge… possibly.


  35. 35to good to be true

    what a coincidence! goldman must be the best investors ever! sounds fishy eh?


  36. 36Atilla

    Come on Marky. Making a decision to sell short 44% of a banks holdings would get you a reserved space in an unemployment line if the stock didn't take a huge shit the next day….I guess it is just coincidence that the average profit for Senators stock holdings held less than 6 months is near 50% and almost always return to a normal rate or less within a month of selling them. No such thing as insider trading, no sir! Insider trading is what the market is all about. It is how the Ruling class steals the treasure of the working class.


  37. 37Atilla

    Come on Marky. Making a decision to sell short 44% of a banks holdings would get you a reserved space in an unemployment line if the stock didn't take a huge shit the next day….I guess it is just coincidence that the average profit for Senators stock holdings held less than 6 months is near 50% and almost always return to a normal rate or less within a month of selling them. No such thing as insider trading, no sir! Insider trading is what the market is all about. It is how the Ruling class steals the treasure of the working class.


  38. 38StopWhiningAlready

    There's a big difference between coincidence and actual news. This is not news. Another example of emotionally-geared headlines meant to demonize the likes of Goldman Sachs and feed the wealth-envy initiative. What's next…it's Bush's fault???


  39. 39Andrew Yeoman

    “vampire squid.” Interesting use of language.


  40. 40Atilla

    Imagine that!…It's called disaster capitalism….The only hope is rope.


  41. 41HM

    Who owns Haliburton??? Morons.


  42. 42leekinny

    I wonder what the drill workers who were direct witnesses to the event would have to say.


  43. 43StopWhiningAlready

    You can't be serious. Actual costs to date are a Billion and climbing. Decrease in equity due to the fall in the share price is more than $30B. Any ability to drill in deep water in the near future is out of the question and will not happen in the foreseeable future, the cost of which is in the tens of billions of dollars not to mention the related cost of clean-up and likely thousands of legal assaults they will have to defend at $300+/hr. The company, which was one of the stongest companies on the planet prior to the spill may not survive this (Remember Exxon BEFORE Mobile purchased it at a hefty discount???). How stupid are you???


  44. 44Steven Ray

    This is the really disturbing part of the story.

    http://www.zerohedge.com/article/series-lucky-c...

    Funny that Sutherland's name does not appear in this article.


  45. 45freebird

    Another trail of bodies, so to speak…….that cannot be directly connected……or can it ?

    I think we had better keep our eyes on this, the appointments of BP execs to enegy govt. positions RECENTLY, the u-turn on drilling by the ONE so neatly and recently, etc.

    I am sorry but it just all smells.
    And it's always SOOOOO convenient.
    Like the crash just before the election.etc. etc. etc. Am I getting overly paranoid here ???


  46. 46Mark

    Well let's see, how many times has the CEO of Goldman visited the POTUS at the White House this year? OK conspiracy theorists…. GO!


  47. 47GunnyG

    WOW! It makes you wonder about this when Goldman/Sachs has a BUNCH of people inside this regime.


  48. 48GunnyG

    Hey LIBMORONS, WHO worked for Goldman/Sachs and is in the White House as former lobbyists?

    The list of former Goldman Sachs employees holding top positions in the Obama administration includes:

    • Mark Patterson, a former Goldman Sachs lobbyist, who is the chief of staff to Treasury Secretary Timothy Geithner (himself the former president of the Federal Reserve Bank of New York).

    • Reuben Jeffery III, former managing partner at Goldman Sachs, who holds the post of undersecretary of state for economic, business, and agricultural affairs.

    • Neel Kashkari, former Goldman Sachs vice president, who is the assistant secretary of the treasury for financial stability, responsible for administering the TARP funds.

    • Dianna Farrell, former financial analyst at Goldman Sachs, who serves as deputy director of the National Economic Council.

    Rahm Emanuel as well. Oh, and Elena Kagan ALSO worked for Goldman/Sachs.


  49. 49GunnyG

    Hey LIBMORONS, WHO worked for Goldman/Sachs and is in the White House as former lobbyists?

    The list of former Goldman Sachs employees holding top positions in the Obama administration includes:

    • Mark Patterson, a former Goldman Sachs lobbyist, who is the chief of staff to Treasury Secretary Timothy Geithner (himself the former president of the Federal Reserve Bank of New York).

    • Reuben Jeffery III, former managing partner at Goldman Sachs, who holds the post of undersecretary of state for economic, business, and agricultural affairs.

    • Neel Kashkari, former Goldman Sachs vice president, who is the assistant secretary of the treasury for financial stability, responsible for administering the TARP funds.

    • Dianna Farrell, former financial analyst at Goldman Sachs, who serves as deputy director of the National Economic Council.

    Rahm Emanuel as well. Oh, and Elena Kagan ALSO worked for Goldman/Sachs.


  50. 50GunnyG

    Hey LIBMORONS, WHO worked for Goldman/Sachs and is in the White House as former lobbyists?

    The list of former Goldman Sachs employees holding top positions in the Obama administration includes:

    • Mark Patterson, a former Goldman Sachs lobbyist, who is the chief of staff to Treasury Secretary Timothy Geithner (himself the former president of the Federal Reserve Bank of New York).

    • Reuben Jeffery III, former managing partner at Goldman Sachs, who holds the post of undersecretary of state for economic, business, and agricultural affairs.

    • Neel Kashkari, former Goldman Sachs vice president, who is the assistant secretary of the treasury for financial stability, responsible for administering the TARP funds.

    • Dianna Farrell, former financial analyst at Goldman Sachs, who serves as deputy director of the National Economic Council.

    Rahm Emanuel as well. Oh, and Elena Kagan ALSO worked for Goldman/Sachs.


  51. 51GunnyG

    Hey LIBMORONS, WHO worked for Goldman/Sachs and is in the White House as former lobbyists?

    The list of former Goldman Sachs employees holding top positions in the Obama administration includes:

    • Mark Patterson, a former Goldman Sachs lobbyist, who is the chief of staff to Treasury Secretary Timothy Geithner (himself the former president of the Federal Reserve Bank of New York).

    • Reuben Jeffery III, former managing partner at Goldman Sachs, who holds the post of undersecretary of state for economic, business, and agricultural affairs.

    • Neel Kashkari, former Goldman Sachs vice president, who is the assistant secretary of the treasury for financial stability, responsible for administering the TARP funds.

    • Dianna Farrell, former financial analyst at Goldman Sachs, who serves as deputy director of the National Economic Council.

    Rahm Emanuel as well. Oh, and Elena Kagan ALSO worked for Goldman/Sachs.


  52. 52GunnyG

    Hey LIBMORONS, WHO worked for Goldman/Sachs and is in the White House as former lobbyists?

    The list of former Goldman Sachs employees holding top positions in the Obama administration includes:

    • Mark Patterson, a former Goldman Sachs lobbyist, who is the chief of staff to Treasury Secretary Timothy Geithner (himself the former president of the Federal Reserve Bank of New York).

    • Reuben Jeffery III, former managing partner at Goldman Sachs, who holds the post of undersecretary of state for economic, business, and agricultural affairs.

    • Neel Kashkari, former Goldman Sachs vice president, who is the assistant secretary of the treasury for financial stability, responsible for administering the TARP funds.

    • Dianna Farrell, former financial analyst at Goldman Sachs, who serves as deputy director of the National Economic Council.

    Rahm Emanuel as well. Oh, and Elena Kagan ALSO worked for Goldman/Sachs.


  53. 53FactChecker

    Soooo, does this mean the reports out of Russia right after the platform disaster are true and not just a rumor? A North Korean sub blasted a platform made by South Korea? Any thoughts?


  54. 54FactChecker

    Soooo, does this mean the reports out of Russia right after the platform disaster are true and not just a rumor? A North Korean sub blasted a platform made by South Korea? Any thoughts?


  55. 55FactChecker

    Soooo, does this mean the reports out of Russia right after the platform disaster are true and not just a rumor? A North Korean sub blasted a platform made by South Korea? Any thoughts?


  56. 56FactChecker

    Soooo, does this mean the reports out of Russia right after the platform disaster are true and not just a rumor? A North Korean sub blasted a platform made by South Korea? Any thoughts?


  57. 57FactChecker

    Soooo, does this mean the reports out of Russia right after the platform disaster are true and not just a rumor? A North Korean sub blasted a platform made by South Korea? Any thoughts?


  58. 58GunnyG

    The COMPLETE list of Obomunists who are IN the Obummer Regime.

    http://seminal.firedoglake.com/diary/43559

    A lot of corruption in this regime.


  59. 59GunnyG

    Wow, way to ignore the facts libtard. But then again, facts are to liberals like holy water is to vampires.


  60. 60Matt

    Goldman Sachs also owns Corexit, the 100% toxic and only 54% effective dispersant that is being used to try and clean up this mess. hmmm….


  61. 61GunnyG

    BINGO! These obomunists are too busy drinking the feces filled kool aid to see the truth.


  62. 62GunnyG

    BINGO! These obomunists are too busy drinking the feces filled kool aid to see the truth.


  63. 63GunnyG

    IMPEACH OBAMA!

    I CAN SEE NOVEMBER from here!


  64. 64Teddy Kennedy's SEARCH+RESCUE

    Here comes some undocumented democrats – http://www.BorderInvasionPics.com


  65. 65Mark

    OK, first Halliburton started getting Gov contracts from LBJ, and Cheney was never more than a high paid consultant. The main difference, Haliburton already had contracts with government when Cheney entered office (dating back 60 years) and Cheney was not a Senator that got the contract.

    http://newsmine.org/content.php?ol=cabal-elite/...

    Who from Goldman has been spending time at the White House with POTUS?

    http://www.mcclatchydc.com/2010/04/21/92637/gol...

    I know you really want this to be a Republican/Big Coporate conspiracy, but what do they really have to gain? Yet, the Obama adminstration has tons to gain from this. They can now revers the off shore drilling approval that so upset their radical enviromental wing. They can go after BP to appease the anti-capitalist wing of the liberal democratic party. And the photo ops are never ending.

    So if you want to go down the conspiracy road, look at the people who would most likely be involved and QUIT BLAMING BUSH.

    Was I better off unde Bush than Obamanation? YES!!!!!!!


  66. 66NadePaulKuciGravMcKi

    Alvin Bernard “Buzzy” Krongard
    A. B. Krongard
    CIA


  67. 67rtb61

    Keep in mind corporate executives are not the corporation, they simply run the corporation to enrich themselves regardless of the consequences for everyone else including investors, workers and customers. Time and time again, it is clearly being demonstrated that corporation are not being run with the intent of promoting stable profits and a secure future for the corporate but as a means by which to maximise the income of the corporate executive management team (as a conspiracy).
    Golden parachutes, after large bonuses inflated by short term profits that lead to company collapse are becoming all to regular. Executives commit the crimes to enrich themselves but it is shareholders (the unknowing ones) that lose money and end up paying the fines, whilst the conspiring executives walk away protected by the lobbyists and politicians they bought off in the first place with shareholder money. Real long term planning and extensive conspiracies were required to bring all of this about especially when combined with legislated deregulation that enabled it all to come about.


  68. 68rtb61

    Keep in mind corporate executives are not the corporation, they simply run the corporation to enrich themselves regardless of the consequences for everyone else including investors, workers and customers. Time and time again, it is clearly being demonstrated that corporation are not being run with the intent of promoting stable profits and a secure future for the corporate but as a means by which to maximise the income of the corporate executive management team (as a conspiracy).
    Golden parachutes, after large bonuses inflated by short term profits that lead to company collapse are becoming all to regular. Executives commit the crimes to enrich themselves but it is shareholders (the unknowing ones) that lose money and end up paying the fines, whilst the conspiring executives walk away protected by the lobbyists and politicians they bought off in the first place with shareholder money. Real long term planning and extensive conspiracies were required to bring all of this about especially when combined with legislated deregulation that enabled it all to come about.


  69. 69...

    “Never let a serious crisis go to waste” – Rahm Emanuel

    Wake up, America.


  70. 70rts111

    As I have said from the very beginning of this disaster: Cheney and his ilk view oil-based disasters like this as military asset that can be used to confound market prices and offer a great distraction for the dubious activities going on in the Middle East.

    Front companies for the oil industry itself will make a bundle cleaning the spill and appropriating land, which they will sit on for several before reselling at a huge profit.

    As a crowning achievement for the military industrial complex, they will probably use a small nuclear device to eventually close the well to the cheers of coastal residents, acclimatizing the American people regarding the safe use of nukes. At the same time Israel will attack Iran using small nuclear bunker buster armaments and the American people who will have paid for the mass slaughter of innocent Iranian citizens will think it cannot be as bad as they say. Welcome to Cheney’s Inferno.


  71. 71Spock

    Goldman Sachs is ran by Liberals, it is a False enemy to them. Come on the Liberal Ex-Governor of NJ was its CEO, they donate millions to Obama


  72. 72Zip Sixenstein

    The guy in who is charge of delegating money from the TARP fund is named Kash n' Kari?


  73. 73Biteme Iamtoxic

    The thieves were to greedy to avoid pointing an arrow at themselves.


  74. 74What about the Feds

    The Feds knew about several serious problems on this rig for several months. Just another piece of the conspiracy?

    I'd say that Goldman was intelligently managing risk, particularly as the hurricane reports in the first quarter were a little reminiscent of Katrina.

    My concern would be did Goldman have insider information?


  75. 75What about the Feds

    The Feds knew about several serious problems on this rig for several months. Just another piece of the conspiracy?

    I'd say that Goldman was intelligently managing risk, particularly as the hurricane reports in the first quarter were a little reminiscent of Katrina.

    My concern would be did Goldman have insider information?


  76. 76PainfullyAware

    It seems convenient that this happens when financial reform is being debated => Wave one hand while the other acts nefariously ???

    The Financial Reform Bill is actually the Financial Rearrangement Act. => Too Big To Fail left intact, The Derivatives that caused the whole fiasco are left untouched and are still being originated, The Fed audit is not much more than the Bloomberg Freedom Of Information Act request; the timing and results seem a bit more than coincidental to me.

    To Assume Benevolence Is Foolish.


  77. 77FatFinger

    hahahahahah Kash n' Kari. How appropriate


  78. 78kramer

    Goldman Sachs also owned 10% of the Chicago Climate Exchange (not sure if they still do was the CCX was sold about a month ago). If they still have a stake in carbon trading, that would be interesting.


  79. 79kramer

    I always though it was quite a couple of coincidences that both the oil rig explosion and the coal mine explosion happened within a few weeks after Obama announced he was going to open up offshore drilling.


  80. 80I am Lori Girl!

    What I'd like to know is WHY is the O-Admin's AG Holder launching a criminal investigation??? Is someone guilty or something? What on earth would the motivation be for making something like this happen? To ruin The Southern Red States' economy? To make an oil company look evil after taking more campaign money from them than any other candidate? To make oil drilling off shore look catastrophic even after approval to drill deeper? Nahhhh. That's just conspiratorial conjecture, right?


  81. 81Steven Ray

    This is the really disturbing part of the story. This is one of GS's insider traders.

    http://www.zerohedge.com/article/series-lucky-c...

    Funny that Sutherland's name does not appear in the article above. The following article if true (and I have no reason to doubt it), would make the most cynical person question the intensions of the “Banker Elite” in this world. Call them Bilderbergers, New World Order, or the minions of the Anti-Christ; news like this is very eye-opening. If you see Republicans or Democrats any different from each other, then they have succeeded. These bastards really aren’t even trying to hide their “goings on” anymore. They own almost all of our senior politicians and most main stream media outlets. If ever we needed to throw the bums out, now is that time. Jefferson and Jackson both knew the evil inherent in a Federal Bank and fiat money. We need to find new men and women that will put some of these guys in jail. The partisan bickering will eventually be a game for morons and “We the People” will prevail.


  82. 82ricosauve

    GS had a whole three months to divest of the shares. Way to promote your site. Great I'm here but never coming back. “You stop sending me information, and you start getting me some.”


  83. 83refreshthetree

    Hmm, I guess conspiracy theorists that say the spill was done on purpose were wrong. Oh, and the ones who say that GS runs the government are wrong too. Thank god for global power being in the hands of the rich, they care so deeply about the little people, ie the other 99% of the population on the planet. How can you blame their meddling for terrorist acts, I mean the little people should know that throwing temper tantrums isn't going to get them anywhere. History shows us that terror was never used to control a populations. Why are we not in a state of violent revolution? Because we are not desperate…… yet.


  84. 84LinkAller

    Wait! I thought one is supposed to 'anticipate' when playing the market? Sometimes you win, sometimes (well, most of the time) one loses……..are U intimating GS planted a time bomb and then sold BP out? Wow!

    Stupid, naive or propaganda?


  85. 85Wachovia not Wachova

    good story, but someone should of checked the spelling errors and grammar before publishing


  86. 86Steven Ray

    I am only believing that Sutherland saw the handwritting on the wall, and used his insider position to land softly back under the umbrella of GS. Much the same as Hank Paulson did shortly after delivering his three page ransom demand to US politicians back in the Fall of 2008.


  87. 87imlyn

    Wow! Amazing.
    Well, here's another one for ya; In regards to Cap 'n Trade, Goldman Sacs stands to be the 4th largest profiteer in charge, right after Obama. Yes, really!
    Wasn't Goldman one of Obama's larger contributors?
    Kinda makes you feel sick to your stomach doesn't it?


  88. 88imlyn

    The heads of Cap ' n Trade:
    John Ayers, son of Bill Ayers
    Al Gore
    Obama
    Goldman Sacs
    GE
    These people are all sleeping together.
    Do we want them preaching about the weather and going green?
    To them, going green means money in their pockets at any cost to you!


  89. 89Lizzy

    The first blog to break this story was Zero Hedge….YESTERDAY.
    Check the time stamps.
    You might have wanted to give them some credit.


  90. 90William

    How about that…just like the short-selling of American Airlines and United stocks just prior to 9/11…


  91. 91fluminense

    This is from the site warincontext.org today.

    I find RawStroy already moving away fromt his subject which is NOT going to go away!

    I hope the American People rise and demand Obama to condem Israel's War Crimes NOW! Not tomorrow! Now!

    From warincontext.org

    “Israel’s war against non-violence
    by Paul Woodward on June 2, 2010

    Today, Israel’s Defense Minister Ehud Barak, praising the Shayetet 13 commandos who slaughtered at least nine humanitarian activists on board the Mavi Marmara, said:

    “…we live in the Middle East, in a place where there is no mercy for the weak…”

    A year ago President Obama declared in Cairo:

    Resistance through violence and killing is wrong and it does not succeed. For centuries, black people in America suffered the lash of the whip as slaves and the humiliation of segregation. But it was not violence that won full and equal rights. It was a peaceful and determined insistence upon the ideals at the center of America’s founding. This same story can be told by people from South Africa to South Asia; from Eastern Europe to Indonesia. It’s a story with a simple truth: that violence is a dead end.

    But if the violence is being committed by Israelis then it is all too evident that this particular world leader lacks the courage and moral conviction to speak out.

    When the slaves of Zionism are called on to break out of their chains, instead, their own fear of political and financial retribution guarantees that they will maintain their silence.

    Obama is not only incapable of condemning Israeli violence; he cannot even acknowledge its existence!”

    The best site covering CHANGE you can believe in!


  92. 92Boratsbrother

    Well seeing as former New Jersey Governor Jon “the Don” Corzine was the head muckity muck at Goldman Sachs before entering congress first then becoming governor, someone needs to check to see where he was the day before the rig exploded. Sounds like Goldman may have had prior knowledge of sabotage by person or persons unknown inside the government. Advance knowledge that allowed G/S to clear funds prior to the drop in BP stock value.


  93. 93Nazi Pelosi

    OF course they did the Jews at Goldman Sachs own Obama and BP wants to be in on the Green movement so Obama and his Jewish handlers deliberately sabotaged the Gulf Oil Rig with BP's help to promote Cap and Tax.


  94. 94damnadamzama

    This is done on purpose. These lunatics are trying to make revelations come true. Remember, it says the seas will turn blood red? Why is this leak red? Interestingly, there were two prophets that had a vision of the apocalypse, St. John and Enoch. St. John's version, which leaves the earth to the evil-doers, while good people have to transcend to another heaven, was in the Bible. Enoch's vision, which was curiously omitted from the Bible, says that we defeat the elitists and cast out evil, and that heaven on earth is left for all the good people of the earth. Research and you will begin to see. Do research. Peace


  95. 95KWillow

    So, it was KNOWN, tho not everywhere, that BP was drilling an unstable well in very iffy physical conditions; and maybe “some people” knew or had warnings that a BP Manager would order Engineers to use with a VERY dangerous, almost guaranteed-to-fail technique in the end-operation?

    Nowadays, it would not surprise me a bit. The only argument against it is the smallish number of stock that was sold. Unless “only a few” were In On the Plan.

    For those who say: “What! BP destroy its own well just to -cough- make money? Stuff and Nonsense!” (or something in that line). My answer would be: “Why not? Their subsequent actions show they have no intention of actually closing and abandoning the well. *I* suspect they thought they could have their “little managed disaster” and eat it (use the well) too.”


  96. 96MPIKE

    This is NOT a Dem vs. Rep problem…. Goldman seems to be in every story having to do with crisis during the past 5 years – Always making a profit. Wake up Zombies! It's the Elite vs. the rest of us!!!


  97. 97Mpike

    Get a life! This was a set up and a trap against the 'Zionist'… You can't really be this stupid or brainwashed – Can you?


  98. 98michaelmcleary

    Goldman Sachs are vipers


  99. 99garrett shaw

    Jesus is Coming we heading in to the Apocalypse Time period Of Revelation
    Repent of sin my friend and make Jesus lord of your life to keep you and separate you from rebellion towards him.
    He is coming for his follower soon
    Prepare the king of king is coming


  100. 100John Constantine

    The apparent corporate conspiracy behind this event is almost beyond belief.What a Macheavellian(sp)web is going on here with these CRIMINALS!


  101. 101dennycrane

    Never let bullshit enter your ears.


  102. 102Benway for the Nova Police

    You folks are demented. In case you don't know, that a big word for nuts.


  103. 103elizabeth44

    When did Goldman Sacks sell the stock? At that point how was the drilling going?


  104. 104elizabeth44

    If you are a believer in the Bible, the apocalypse will happen when God orders it. Jesus said he didn't know when. I say you are more likely to die in a car wreck.


  105. 105YigPoo

    Wish Goldman sacks would catch abalze and sink into the ocean just like that oil rig did. Sad part is, if it did, the pollution problem would be just as bad as the current oil gusher from their raw “filth”.

    Lou
    http://www.web-anonymity.cz.tc


  106. 106elizabeth44

    We do know that Transocean insured the rig for twice its value.


  107. 107elizabeth44

    I agree some lunatics are trying to force God to bring on the Apocalypse, but I doubt BP is one of them.


  108. 108elizabeth44

    I personally think the two incidences are co-instances, sort-of. I don't think they are directly related. I do think they are the result of eight years of the Bush administrations policies on regulation of industry. They filled the regulatory agencies with industry insiders and those who believe in no industrial regulation and let them have at it. The result has been unregulated industry: financial, oil, healthcare, pharmaceuticals, to name a few.


  109. 109elizabeth44

    I may be wrong, but I don't see them as liberals or conservatives. I see them as people who worship power and money and will buy any and all politicians who can give them access to that.


  110. 110Byron

    It gets more mysterious. Makes me wonder if maybe they had something going with Halliburton…


  111. 111anonymous

    It's true, I saw the numbers, date 3-31-10


  112. 112anonymous

    For proof, go to: http://moneycentral.msn.com/ownership?Holding=I...

    Goldman Sachs Asset Management (US) 6,025,387 -4,680,822 -43.7 -276,770,112 0.0 0.4 03-31-10


  113. 113gr8fuldaniel

    Disaster Capitalism


  114. 114Katie Seamands

    Stop pouring the taxpayers money into this devastating environmental “black hole”!! Instead, stream our money into the development and support of progressive energy alternatives that reduce our false dependency on oil for fuel…and give our grandchildren a viable future!!


  115. 115Well Well Wel

    Well this is curious:)

    False flag attack? They are not even cleaning the water, I never heard of any super tankers going out to do anything, this could kill millions of people world wide.This reminds me of before 9/11 when Wall street shorted airlines.


  116. 116pentel

    conspiracy hogwash. nothing to see here, move along.


  117. 117micro sd card

    This seems very suspicious, as was the knoew the oil leak seems to happen. Can be simply coincidnece same. But it is suspicious. seems to reflect these new something about 9/11. Some banks to withdraw their stocks before the planes hit the towers, something they knew something was gunna. looks like this here. I hope God belly morogn jp course and ending up homeless without a pencil cup also pee in, I think I want my tax money back from their lame n stupid bailouts.


  118. 118Wiseandawake

    100% GUARANTEED SOLUTION FOR OIL SPILL!
    http://www.youtube.com/watch?v=8VfypUzx1tI&feat...


  119. 119Jerry Klein

    Good ole' “Goldmans Sack”…. We're all swinging from it.


  120. 120Jerry Klein

    Good ole' “Goldmans Sack”…. We're all swinging from it.


  121. 121DFW

    Much as I have no use for either Goldman Sachs or BP, if anyone knew in advance that that rig was going to blow, then they must have sabotaged it themselves. Besides, they sold less than they kept. This move was good timing, nothing more, take it from one who wouldn't lose sleep if the boards of directors of both firms spent the rest of their lives behind bars.


  122. 122anon

    It was a nice earth … while it lasted.


  123. 123Salvatore DiChristina

    Isn't it amazing how fortunate Goldman-Sachs is in its timing of divesting itself of stocks that will plunge just before those stocks take a significant drop. What a clear crystal ball they must have or is it possible they had insider data that told them of the doom that was to befall the carelessness, if not criminality, of the faith of the doomed well? Perhaps they could use their crystal ball to predict when and how the well will be plugged and the extent of the damage to our environment.


  124. 124sharky734

    I'm a little freaked out here. I was watching a CNN video on the oil crime and couldn't believe my eyes. I'm an Iron worker and know this kind of shit.They showed you on video that this is being done purposely in this video and no one caught it. What they are attempting tells me the wellbore is intact. That being said, all they had to do is cut the riser pipe, disconnect the remaining riser pipe and cap the dam thing like they did in Iraq. 17 bolts and a new seal is all was needed to disengage. This is a crime that is being committed. I would of had this capped in 48 hours. Watch the video and pause it when you see the wellbore and take a deep breath and use some common sense, just think… Now how would ya get the cap on? You would need a 2 and 1/2 ton counter weight to sustain the pressure and a alignment pin centered in the wellbore.

    http://www.youtube.com/watch?v=VvZjexRdfjs


  125. 125gza

    They don't want to stop the leak. In fact there is only one way they can stop it. What they want is to control the flow of energy that is coming out of the hole they dug.

    They oil is a small part of the complete picture. It is a trivial amount of energy compared to what they are actually trying to tap.

    http://en.wikipedia.org/wiki/Mohorovi%C4%8Di%C4...


  126. 126Pirate of the Scarabbean

    Inside job. British Empire bombed New Orleans and burned down the White House in the War of 1812. WE ARE UNDER ATTACK. ALARM RED. THIS IS NOT A DRILL.

    “The Non-Jews have been created to serve the Jews as slaves.”
    -Jewish Babylonian Talmud, Midrasch Talpioth 225

    “Everywhere they (the Jews) come, they will be the princes of the lords.”
    -Jewish Babylonian Talmud, Sanhedrin 104a

    “Just the Jews are humans, the Non-Jews are no humans, but cattle.”
    -Jewish Babylonian Talmud, Kerithuth 6b page 78, Jebhammoth 61a (goyim = human cattle)

    “Jews always have to try to deceive Non-Jews.”
    -Jewish Babylonian Talmud, Zohar I, 168a

    “Every Jew is allowed to use lies and perjury to bring a Non-Jew to ruin.”
    -Jewish Babylonian Talmud, Babha Kama 113a

    “The possessions of the goyim are like an ownerless desert, and everybody (every Jew) who seizes it, has acquired it.”
    -Jewish Babylonian Talmud, IV/3/54b

    “In the event that I am reincarnated, I would like to return as a deadly virus, in order to contribute something to solve overpopulation.”
    -British Petroleum director/owner Nazi Prince Philip King of the British Empire in charge of bioweapons labs and husband of Queen Elizabeth Sax Coberg Gotha, If I Were an Animal; United Kingdom, Robin Clark Ltd., 1986


  127. 127Lyman

    They fucked up Nigeria.
    They fucked up Peru.
    Now down in the Gulf
    They're fucking up you.


  128. 128Topaz Rosin Luben

    Perfect timing for Goldman Sachs to sell 250 million dollars worth of BP stock, RIGHT BEFORE the oil leak. Hmmmm, makes you wonder…..


  129. 129Vic Anderson

    This revelation lends credence to this as not only a diversion from the Afghan/Bernankster debacles, but one inevitably of future Sacks' profitablity when the Gulf/eastern Seaboard's sufficiently contaminated that Drill, Barry, Drill can conclude 'we may as well'!


  130. 130Antonio Rules

    I felt this needed to be reposted in light of all the other useless comments arguing left and right. This is the best comment I have read to date on this site. Antonio dude just keep reposting this comment to every story on this site. Rock on. Maybe people will start to wake up from this nightmare.

    “So if you want to go down the conspiracy road, look at the people who would most likely be involved and QUIT BLAMING BUSH.

    Was I better off under Bush than Obamanation? YES!!!!!!! “

    No offense, but its sad to see people defending one traitorous bacteria as a means of attacking another scum bucket. No, your right there are no Republican/or/Democrat conspiracies, but rather just one big conspiracy against the sadly deluded masses. Don't lick boots for any of these elitists scum. Do we elect lobbyists? How about Billionaires or Trillionaire Oligarchs? Didn't think so. Those Diebold Electronic voting machines are so trusty aren't they. As Stalin pointed out that the voters decide nothing, but he who counts the votes decides everything.
    But other than that one does wonder about these things. Motive, opportunity, along with amorality.
    Yeah, the left/right false paradigm is nothing more than a crock of horseshit…. well actually its a mixture of dried jackass manure sauteed (misspelled?) in elephant dung. So yeah there may be a few good men/women in the entire congress, but overall the system is not in any way, shape or form serving the general populace of the United States. No guys, our constitutional republic has for many years been continuously deconstructed and ultimately been captured by an economic and self-described intellectual elite, who generally regard the general population as too stupid to govern themselves, nor conscious enough to realize as much. Well, I don't fully agree with such conclusions, because history is still being written day by day. However, I fear that the powerful spell cast upon most people by 24/7 corporate propaganda with plenty of bread and a nonstop circus is possibly too much to overcome.. Yes, folks you can't go wrong with bread and games: football, basketball, baseball, political theater, and everything else Television offers humanity. I don't think I've got “It” figured out. What we need is for people to wake up, to engage in original thought, to think for themselves, to realize that an education isn't a college degree, but that an education is the sum total of every useful, and logical thought process, which you develop throughout your life. Read a book, turn off the TV( or at least reduce how much you watch), stop expecting any school system (public or private) to educate your children or even grandchildren. An old friend told me he didn't really have much time to read and yet I know he watches several hours of television everyday after work. I am not speaking down on him, because he was a genuinely honest and good human being, who was as intelligent as anyone I've ever met. However, he had over time regressed and become complacent as a result of too much passive entertainment (TV and Associated Press newsstories)


  131. 131Antonio Rules

    And by the way who shorted American airlines etc.. by abnormally large margins just before 911 even happened? This oil spill was manufactured. I have no doubt. Carbon taxex are on the way my friends and so is the new worl order. Comin to a tv staion near you. Enjoy


  132. 132Antonio Rules

    And by the way who shorted American airlines etc.. by abnormally large margins just before 911 even happened? This oil spill was manufactured. I have no doubt. Carbon taxex are on the way my friends and so is the new worl order. Comin to a tv staion near you. Enjoy


  133. 133Morgan Lesko

    Excellent catch! Been cataloged in free collaborative research database:

    http://infowardocs.org/a/0/1/t/Boots%20~a~%20Co...


  134. 134Elizabeth

    Here's an idea… we are all partially responsible because we all do not demand that these companies be held accountable until something goes wrong.


  135. 135Carola

    Just like the “puts” on the airlines, and the insurance on the WTC, etc. before 9 11. Very suspicious.


  136. 136Carola

    Just like the “puts” on the airlines, and the insurance on the WTC, etc. before 9 11. Very suspicious.


  137. 137R. Duke

    let the conspiracies roll in… I think it was Gary Coleman and Diver Dan with the pipe wrench in the library. Get real, the spill and entire accident stems from poor management and even worse maintenance.


  138. 138jtre

    There is a silent, underground war going on between corporations and governments. When governments try to hold corporations accountable, they sabotage the planet, forcing governments to back off. Our world is being held hostage by an entity that can't be defeated.


  139. 139jtre

    Close your eyes. You are as you should be.


  140. 140jtre

    Stay submissive. Close your eyes. You are as you should be.


  141. 141Disgusted

    While you Rethugs and Dims point fingers at each other's respective corrupt political machines, this nation's eastern coasts (southeastern and northeastern) are being destroyed.
    As much anger as I feel toward the Powers that Be, it is the SHEEPLE in this country who really piss me off.

    There IS a conspiracy. This oil “spill” was just another in a long line of INSIDE JOBS. Read REAL history (not the sanitized crap), and you will learn that there have been conspiracies wherever there is a locus of POWER. One primary group of CONSPIRATORS (Bilderberg) is meeting right now in Spain with UNPRECEDENTED news media coverage.

    WE THE PEOPLE have been manipulated by these people using HEGELIAN DIALECT, which is why you're all busy screaming at each other instead of the CRIMNALS at the top. To start you can research (you have to READ, and not mainstream crap!) Trilateral Commission (ZBig and Rockefeller's group, who installed the Obama regime), Council on Foreign Relations, Council of Rome, Freemasons, Skull and Bones (Bush and Kerry's super-elite group that operates out of Yale), Bilderbergers, Bohemian Grove. There are a lot more. Some excellent researchers/authors: Anthony Sutton, G. Edward Griffin, Eustace Mullins, Myron Fagan, Bill Cooper, Joan Veon (she focuses exclusively on the UN).

    You need to look at BLOODLINES. Bush, Kerry, Palin, Obama, Clinton (and MOST U.S. Presidents and all European royalty) have Illuminati (blue) blood and are RELATED TO EACH OTHER. Scott Brown is Obama's cousin!!

    While they may have their minor differences, at the end of the day THEY ARE ALL ON THE SAME PAGE. How do you think Ahnold Schwarzayigger, a “Republican” (who is also of NAZI descent!!) married a Kennedy? James Carville and Mary Matalin?

    EVERYONE who values their LIFE, LIBERTY, and FREEDOM should read up on the UN's Agenda 21. (U.N. land donated by Rockefeller, charter written by Algier Hiss!!!) LOOK AT THE AGENDA 21 U.S. MAP. Once that evil plan is implemented, we will all be CRAMMED DENSELY PACKED INTO CITIES. Wildlife areas will be OFF LIMITS to us “unwashed masses,” only the “elites” will have access to those. Your taxes will be SKY HIGH. You will NOT be allowed to own ANY property, and of course gun ownership is out of the question. My city, Tucson, has socialists on the City Council who are moving this town closer toward that crap every day!! Sound miserable enough for you? It should, and that is exactly where we are headed!

    To take this country back we accomplish THREE MAJOR THINGS:
    1) Get out of the U.N.
    2) Abolish the Fed and take control of own money again. (See Google video, The Money Masters)
    3) Repeal all “free trade” (which are anything but!) agreements and Executive Orders (dictators' rulings!) going back to the 1980s.

    This is a HUGE task that we face.

    So, turn off your cognitive dissonance (if you don't know what it means, look it up!) and your TV. Stop listening to talking heads who indoctrinate you: On the right Hush Lobotomy and Yawn Insanity. On the left UN PR (NPR) and the New York Slimes. That is BULLCRAP! Corporate- or government-owned media WILL NOT tell you what you need to know, and they will spoon-feed you B.S. all day long to keep you distracted.

    You will read asinine arguments like “but we have a global economy!” Fine, we can be trading partners. But NOT at our own country's expense!

    Finally, remember that FASCISM is both CORPORATE AND STATE. Those on the left like to focus on the CORPORATE portion, those on the right like to focus on the STATE portion. They will BOTH be our masters when/if we go fascist

    The only way we can save what's left of this country is if we come together. But first you need to be EDUCATED, and the only way you can do that is to OPEN YOUR MIND.

    Wine cannot be poured into a closed vessel. — Latin saying


  142. 142Skippy

    It's always follow the money!


  143. 143Jim Barlucci

    This was no accident. Goldman Sachs was heavily shorting Transocean and related stocks several days before the “blowout.” This means someone knew what was coming, although this glaring fact should surprise no one. Wall Street and the CIA are joined at the hip, often interchanging their executives in a revolving door cycle emphasizing the greed, power and information needs of both the intelligence services and the financial industry. When was the last honest deal brokered by Goldman Sachs anyway?


  144. 144Follow The Data, Forget Conspiracy Theory

    [...] those same few weeks Goldman Sachs shorted 44% of its BP holdings, while Wachovia and UBS sold 98% and 97% of their BP [...]


  145. 145NJK

    And Adolf Hitler was a figment of our imagination, and never gassed millions of jews, right?


  146. 146Brent Melville

    Telling Obama to stop offshore drilling will only benefit big oil and maintain high oil prices.


  147. 147Shhh..

    Quit being loyal to any party and become loyal to America. Our politicians are too busy packing their pockets with institutionalized business dollars to worry about poll numbers. Isn't it obvious by now!?

    There are a very few select politicians that believe they are there to serve the public interest. The majority are there laughing about how stupid we are attacking one another on party lines while they ALL sit behind closed doors at the same dinner table planning their next movement of propaganda to get us to fall in line and deciding who's back they are going to scratch next.

    I mean really, what has your party done for you lately!???


  148. 148guest

    it seems that there is a plan to reduce the oil capacity – therefore they manipulated the oil-platform for this crash
    These guys are without any responsibility – for anybody, the nature, the (wild)life – our future and of this planet ( exactly the same as our politicians ) as well as for our children
    Why don´t get together the world population and torture these few guys so nobody will try the same again ?


  149. 149Newsbrink » Goldman Sachs sold $250 million of BP stock before spill

    [...] Via The Raw Story [...]


  150. 150s.hagen

    1.


  151. 151anon

    BP is collecting some of the oil (money) spewing out. How will they spend their precious money in a world that has been destroyed? Destroyed oceans = destroyed world.

    Same as corporations chasing the next 3rd world country for cheap labor. Hmm … after they fire those making a living wage, who can afford to buy the corporation's products?

    Poor planning on your part does not constitute an emergency on my part. By the way, one indication of a psychopath is poor planning. Who, or what, is in charge? Could it be psychopaths?

    Last thought. 1st commandment is “Thou shalt not worship false idols before GOD.” Why is the world worshipping money? Money is a tool like any other tool. Money is not GOD.


  152. 152BP Gulf Coast Tour |

    [...] What is being posted on the web is that 3 weeks before the explosion our friends a Goldman Sachs sold 44% of their BP stock. They also went short on Transocean stock just before the well plummeted to the sea and share [...]


  153. 153Louis Connelly

    This makes no sense at all.

    Do people think that Goldman somehow knew about the imminent freak accident?? No that makes no sense. Wachovia and UBS sold almost all of their BP stocks, why don't people think they knew about it?

    Also if Goldman knew something everyone else didn't why didn't they sell all their shares. People should consider the decisions that Goldman makes that end up being the wrong decisions where they could have made more money holding on to their assets as well.

    It is an investment bank, a huge one, and it constantly is moving around money. The market as a whole hasn't been doing well these months, and it went down a lot with the Greece thing. Goldman got somewhat lucky because they sold some of their stock, but they were unlucky they held on to more than half of it.

    As for all these events that seem to have lead to the Oil spill, they are not a series of conspiracy related decisions, rather they are a lot of small events that ended up leading to an accident. Thats how it always is. It takes a lot of things going wrong all at the same time for something like this to happen, and Oil spills don't happen that often. Think about how much Oil BP got and is still getting now without an accident.

    Instead of blaming everyone, why don't you guys try to resolve yourself to be more energy efficient (you know ride your bike to work, and turn off the hot water while you are brushing your teeth) and maybe deep sea drilling will become more obsolete.


  154. 154|

    [...] What is being posted on the web is that 3 weeks before the explosion our friends a Goldman Sachs sold 44% of their BP stock. They also went short on Transocean stock just before the well plummeted to the sea and share [...]


  155. 155Notes on the BP Oil Spill | Liberator Inc

    [...] They knew before hand that something was very wrong  http://www.scribd.com/doc/32663286/Deepwater-Horizon-Interim-Incident-Investigation-BP-s-Washington-Briefing Goldman Sachs sold $250 million of BP stock before spill -http://rawstory.com/rs/2010/0602/month-oil-spill-goldman-sachs-sold-250-million-bp-stock/ [...]


  156. 156Mounting Evidence the Gulf Spill Was & Is Deliberate | THE ORDER OF MELCHIZEDEK

    [...] Click here to read the story.  Then read the comments below. [...]


  157. 157Kobe Bryant Shoes

    The article's content rich variety which make us move nike basketball shoes for our mood after reading this article. surprise, here you will find what you want! Recently, I found some wedsites which commodity is colorful Elegance-is-Edgy-Dress.com of fashion. Such as xxxxxxxx that worth you to see. Believe me these websites won’t let you down.


  158. 158Paulmann

    ,,all life is precious MS.Sarah. Even the wolf.
    Please stop the senseless wounding and murder of defenseless creatures.
    The vids I watched of this turned my stomach.


  159. 159L’évidence disponible pointe vers une opération false flag pour la fuite de pétrole de BP  /  IG

    [...] Goldman Sachs a vendu 44% de ses parts dans BP Oil au cours du premier trimestre – Des actions qui ont ensuite perdu 36% de leur valeur, ce qui équivaut à 96 millions de dollars. [...]


  160. 160Individual369

    we better unite and do something now. I'm sorry, but if are still sitting around and talking politics while our food & water supply is governed by govt officials that are self proclaimed satanist, than maybe we deserve to be abolished. Between our children being killed and raped at daycare centers (Finders, West Point, Presidio, boys town, etc.), project monarch (media, musicians), oil spill that is carrying toxins and minerals that will kill millions of people, especially if a hurricane comes in, all of our constitutional rights gone, chemtrails, morgellons, police recruitment decided by lie detector test (ever look at porn, steal, look at any one funny – no, no, no -meaning no conscious to lying – profiling), wars that have killed millions of women and children already, where the heck is Lindsay Lohan, Obama illegal to be president (look up his mentor – Frank Davis), Michael Alguino, Zeena Lavey, Oprah, Bill Gates – all the same people with the same agenda – Jack Pasons, LRon Hubbard, Aleister Crowley, bailey, Hitler, all of them – what do you think they have in store for us, come on people! Right now we still out number them and can still move our arms and legs. Are we freaking crazy!


  161. 161Gulf of Mexico BP oil disaster « These are Exciting Times…

    [...] playlist: Gulf of Mexico BP oil disaster BP chief Tony Hayward sold shares weeks before oil spill Goldman Sachs sold $250 million of BP stock before spill BP Official Admits to Damage BENEATH THE SEA FLOOR Scientist: BP Well Could Be Leaking 100,000 [...]


  162. 162Gulf of Mexico BP oil disaster links « These are Exciting Times…

    [...] playlist: Gulf of Mexico BP oil disaster BP chief Tony Hayward sold shares weeks before oil spill Goldman Sachs sold $250 million of BP stock before spill BP Official Admits to Damage BENEATH THE SEA FLOOR Scientist: BP Well Could Be Leaking 100,000 [...]


  163. 163Conspiración del derrame de petróleo del Golfo de México; Goldman vende acciones de BP antes del derrame | Pijamasurf

    [...] Goldman sold 250 millon of BP stock before oil spill [...]


  164. 164Globale Erwärmung Ist Nicht Nur Gaia-Kult Und Die Pistole Der NVO-Räuber - Sie Ist Auch Eine Zwangsvorstellung » Euro-med

    [...] Klimaverschiebung und massiven Abkühlung des Weltklimas führen würde".  The Raw Story on 2 June 2010: "Goldman Sachs verkauft 44% ihrer  BP-Beteiligungen-  kurz vor dem Leck. Die [...]


  165. 165“Global Opvarmning” Er Ikke Kun Gaia-Kult Og NVO-røveres Pistol - Den Er Også En Tvangstanke » Euro-med

    [...] klimaforandring og massiv afkøling af det globale klima. " The Raw Story on 2 June 2010: "Goldman Sachs solgte 44% af sin BP aktiebeholdninger - lige før udslippet. [...]


  166. 166Vazamento de Óleo no Golfo do México foi causado, não acidente « Diário do Caos (blog)

    [...] A Goldman Sachs vendeu 44% das suas ações na BP Oil durante o primeiro trimestre – ações que, posteriormente, perderam 36 por cento do seu valor, o que equivale a 96 milhões de dólares (174 milhões de reais). [...]


  167. 167Goldman Sachs and BP CEO Tony Hayward Save a lot of Money by Selling BP Shares Before the Explosion | Porch Dog

    [...] The two sales in question were CEO of British Petroleum, Tony Hayward’s and Goldman Sachs’. [...]


  168. 168piEl derrame de petróleo del Golfo de México se convertirá en el mayor desastre ambiental de la historia de la humanidad « Simulacro y realidad

    [...] Por otra parte, y esto es lo más crudo del asunto, es la suposición de que el desastre ha sido provocado. Se podría inferir del hecho de que Goldman Sachs vendieron 250 millones dólares de las acciones de BP antes de derrame.  (fuente: http://rawstory.com/rs/2010/0602/month-oil-spill-goldman-sachs-sold-250-million-bp-stock/) [...]


  169. 169Marée noire : un false flag écolo pour la Taxe Carbone mondialiste /  IG

    [...] mouvements d’avoirs et d’actions de BP opérés par des officiels de BP et les Banksters de Goldman Sachs, parfois quelques jours avant la catastrophe, dessinent un incroyable et monstrueux délit [...]


  170. 170BP Profits Move the Web | Flexalution

    [...] Some searched for the scoop on “goldman sachs sells bp stock.” That last one is really true ? the investment company sold $250 million worth of stock before the spill. (Enter conspiracy theory [...]


  171. 171Morgan Lesko

    GREAT ARTICLE! It has now been cataloged in this free online research database:

    http://infowardocs.org/a/0/1/t/British%20Petrol...


  172. 172GeoBear

    And today, Bloomberg reports BP had problems the well actually started in February:

    “BP Plc was struggling to seal cracks in its Macondo well as far back as February, more than two months before an explosion killed 11 and spewed oil into the Gulf of Mexico.”

    so the slimy psychopaths knew it would blow…
    http://preview.bloomberg.com/news/2010-06-17/bp...

    h/t Washington's Blog: http://www.washingtonsblog.com/2010/06/did-bp-o...


  173. 173BP wusste schon vor der Explosion von Rissen am Meeresboden

    [...] Weise, verkaufte Goldman Sachs im ersten Quartal 2010 44% seiner Anteile an BP Oil. Nur wenig später verloren die Aktien  36 Prozent an Wert, was 96 Millionen Dollar [...]


  174. 174Is Homeland Security Expecting a Major Terror Attack? | Philip Brennan

    [...] not to be cynical these days, but there is compelling evidence that even this event was staged, as Goldman Sachs and the head of BP, Tony Hayward, had uncanny timing in selling their BP shares weeks before the [...]


  175. 175Douchemctouche

    Sounds like you're crazy. If you're so unhappy with the state of life in general and can't find anything uplifting among your rant of conspiracies and fear mongering, might I suggest a short peer?


  176. 176Confessions of a BBGFB » While You Were Sleeping… BP Oil Spill

    [...] Goldman Sachs sold $250 million of BP stock before spill [...]


  177. 177Vazamento de Óleo no Golfo do México foi causado, não acidente | Illuminati - Tiles Experts

    [...] A Goldman Sachs vendeu 44% das suas ações na BP Oil durante o primeiro trimestre – ações que, posteriormente, perderam 36 por cento do seu valor, o que equivale a 96 milhões de dólares (174 milhões de reais). [...]


  178. 178The Market Ticker ®

    God’s Work? Luck? Or Lawbreaking?…

    One has to wonder about the BP thing…. It seems incomprehensible that the president and other members of the administration still have jobs when it is now being reported that the federal government was apprised by BP on February 13 that the Deepwater…


  179. 179Oil Rig 'Accident' - Grasscity.com Forums

    [...] 'Well, thisis how it's gonna be,' and the tool-pusher, driller and OIM reluctantlyagreed." Goldman Sachs sold $250 million of BP stock before spill | Raw Story I mean, I hate to be the one arguing about conspiracy, but I just don't have any faith left in our [...]


  180. 180God’s Work? Luck? Or Lawbreaking? « The Financial Physician

    [...] to regulatory filings, RawStory.com has found that Goldman Sachs sold 4,680,822 shares of BP in the first quarter of 2010. Goldman’s [...]


  181. 181“Knowing” & “The Reaping” of Unholy Alliances for Profit – Gulf Oil Disaster « Grand Delusion

    [...] CLICK HERE FOR ARTICLE [...]


  182. 182Mike

    Its very simple why it is this way, Its Pride! the more pride you have the further away you get from God. Pride is the devils trait, if you have alot makes you think you are equal to him.
    To much Pride is conceit, Vanity, selfishness, arrogance, spiritual blindness. Opposite of Pride is Being grateful, Showing Gratitude and Humility when you do wrong.
    America is brainwashed with pride being a good thing, but in return pride leeds to envy, anger, lust, glutony, and greed! Been Know many years but people lost there way! Pride is all you see today and why were in this mess. Humility is wisdom!


  183. 183Mike

    Also, Pride is so Popular because it is a very Profitable consumerism vice on people. Corps love pride and bankers, Washington, Wall street, makes them rich beyound means., and they know it.
    It makes people to stand inline for hrs on end to be the first one to have a new Ipad, while jacking up prices or any other brainwashed items out there. Which is a form of greed, the greed of aquisitions and enslavement to some, where things you own turn and own you. Then theres the greed of power and wealth, there never satisfied! plus there's greed of fear, that makes people hoard, and drives up demand, like a gas shortage would.
    Pride drives us harder to improve our illusion of productivity, Pride is just a illusion and we been brainwashed all thru life. Hard to even get a job if you don't show it.
    And now you seeing its results.


  184. 184John

    Disgusted,

    Thanks for your enlightening rant. I enjoyed it and you are right on target! Most people reading this will automatically think that you are just ONE of those! But this is what is going on in our country and always has been. It's like the movie “The Wizard of Oz.” Dorothy found out at the end of the movie, that SHE had the power all along and could go home any time she wanted. WE have the power and always had. It's the Elite that control and leave us in a dazed and hypnotized state of mind. WE believe what the media tells us. We watch the news and Oprah, we get caught up in the BS and distracted when Tiger Woods has another affair. Meanwhile the secret societies are meeting and carrying out their secret agenda quietly while we sleep. We outnumber this thugs and all we have to do is STOP listening and believing what they say.


  185. 185John

    jtre,

    That actually makes sense. All this time I knew that the BP leak was no accident but couldn't figure out what exactly happened and why. It makes sense though as to what you say.


  186. 186John

    R. Duke

    I wonder if deep down you really believe what you just said. Have you been to the Gulf to see the devastation? Are you aware that BP is covering up on a daily basis and preventing media sources that are not approved by BP to enter the area? Are you also aware that THEY actually stop clean up proceedings after any government officials leaves the area? People's lives are being threatened if they talk about what is really going on there.

    Maybe you are okay with losing our oceans and marine life, but I am not okay with it!


  187. 187Oscar J Lindo

    Mr Connelly, I would tend to respect your comment only if we could argue it first face to face. Unfortunately, even if i were in the same room than you, i still could not see your face since your head is so far up BP, Goldman Sachs and all the Elitists! Wake up and smell…the oil.


  188. 188Is Obama using the Gulf oil spill to pass Cap & Trade? | The Post & Email

    [...] 28, 2010) — It has been reported that during the first quarter of 2010, Goldman Sachs sold 44% of its investment in British [...]


  189. 189When The Forces Of Raunch & Decay Are On The March The London Corporation Can Soon Be Found Not Far Behind | Dublinmick's Blog

    [...] testimony, that there were cracks reported in the drill casing two weeks prior to the disaster. Goldman Sachs sold 44% of their total holdings, 4,680,822 shares of BP stock in the first quarter of 2010. [...]


  190. 190Gas Bubble Under BP Oil Rig Is Going To EXPLODE - US Message Board - Political Discussion Forum

    [...] [...]


  191. 191Calvin Stewart

    IF THEY SOLD STOCK I THINK THEY ( BILL GATES, AND WARREN BUFFETT )
    SHOULD GO TO PRISON JUST LIKE MARTHA STEWART DID.


  192. 192Matthew Boyle

    Hey everyone- I'm a freelance reporter and decided to look into this- here's what I came up with- Ran on The Daily Caller's Web site today:

    http://dailycaller.com/2010/07/04/interior-depa...


  193. 193Abinash Pati

    superlike mike..words of wisdom


  194. 194Crisis Assistance : : The Truth About The Gulf Oil Crisis - Cancer Health Center

    [...] Goldman Sachs sold 44% of their total holdings, 4,680,822 shares of BP stock in the first quarter of 2010. The investment firm earned about USD $266 million on the sale. (LINK) [...]


  195. 195BP: Noch viel schlimmer als erwartet (2) « Rekursiv Paradoxon

    [...] haben deshalb Goldman Sachs und BP-Chef Tony Hayward ihre Aktienpakete schon vor dem Unglück [...]


  196. 196The Kleptocrats Behind The Gulf Oil Disaster | LILA RAJIVA: The Mind-Body Politic

    [...] 9) Goldman Sachs (GS) officials, likewise, knew the rig was likely to explode when it did. They bet millions of dollars on this event only days before it happened! (Lloyd Blankfein, CEO of GS, directed 44% (4.6 million shares) of BP stock to be dumped three weeks … [...]


  197. 197The Truth About the Gulf Oil Crisis – A Special Report by Ty … | World Politics

    [...] Goldman Sachs sold 44% of their total holdings, 4,680,822 shares of BP stock in the first quarter of 2010. The investment firm earned about USD $266 million on the sale. (LINK) [...]


  198. 198The Plain Truth: The Plain Truth about the Gulf Oil Spill, and … | World Politics

    [...] Goldman Sachs sold 44% of their total holdings, 4,680,822 shares of BP stock in the first quarter of 2010. The investment firm earned about USD $266 million on the sale. (LINK)  [...]


  199. 199Gulf Oil Crisis: Interview With A Technician  | We Are Change

    [...] Goldman Sachs, the controversial investment house at the center of the financial collapse scandal sold $250 million of BP stock just before the spill in the gulf. It has also been reported that Peter Sutherland, a former chairman of Goldman Sachs, was until [...]


  200. 200Gulf Oil Crisis: Interview With A Technician | We Are Change

    [...] Goldman Sachs, the controversial investment house at the center of the financial collapse scandal sold $250 million of BP stock just before the spill in the gulf. It has also been reported that Peter Sutherland, a former chairman of Goldman Sachs, was until [...]


  201. 201Victoria Kelley Waking Up Humanity » Blog Archive » Is Corruption & Oil Spills Really Bad For Us?”

    [...] Goldman Sachs sold off shares in BP before the spill too?  According to regulatory filings, RawStory.com has found that Goldman Sachs sold 4,680,822 shares of BP in the first quarter of [...]


  202. 202Politically Invasive Trainwrecks - SailNet Community

    [...] testimony, that there were cracks reported in the drill casing two weeks prior to the disaster. Goldman Sachs sold 44% of their total holdings, 4,680,822 shares of BP stock in the first quarter of 2010. [...]


  203. 203Goldman Sachs sold $250 million of BP stock before spill :

    [...] Read more… [...]


  204. 204Rats Leaving A Sinking Ship- Part 2 - US Message Board - Political Discussion Forum

    [...] and made a fortune as the price of the stock dropped.How does making 250 million dollars sound? Goldman Sachs sold $250 million of BP stock before spill | Raw Story I wonder what they knew the day before. Was the well already leaking but had not exploded yet? [...]


  205. 205Globale Erwärmung ist nicht nur Gaia-Kult und die Pistole der NVO-Räuber – sie ist auch eine Zwangsvorstellung « Der Honigmann sagt…

    [...] The Raw Story on 2 June 2010: „Goldman Sachs verkauft 44% ihrer  BP-Beteiligungen-  kurz vor dem Leck. Die Goldman Verkäufe waren die größten aller Unternehmen in dieser Zeit.“ [...]


  206. 206Goldman Sachs sold $250 million of BP stock before spill | Fat Emerson's Blog

    [...] Sachs sold $250 million of BP stock before spill Posted on July 8, 2010 by fatemerson http://rawstory.com/rs/2010/0602/month-oil-spill-goldman-sachs-sold-250-million-bp-stock/ This entry was posted in Oil Spill. Bookmark the permalink. ← Investigation reveals [...]


  207. 207a Love Juice Definition « the Love Juice

    [...] [Goldman -Sachs sells 250 billion of BP stocks before the spill?] [...]


  208. 208Gulf Spill: Disaster? Or a Well Organized Plan | USAHM News | The Media Hitman Has Arrived. Classified Information, and a Conspiracy?

    [...] testimony, that there were cracks reported in the drill casing two weeks prior to the disaster. Goldman Sachs sold 44% of their total holdings, 4,680,822 shares of BP stock in the first quarter of 2010. [...]


  209. 209WAR on The World: Rothschild League’s 30 Facts Evidencing Gulf Oil Disaster Was Planned‏ | USAHM News | The Media Hitman Has Arrived. Classified Information, and a Conspiracy?

    [...] 9) Goldman Sachs (GS) officials, likewise, knew the rig was likely to explode when it did. They bet millions of dollars on this event only days before it happened! (Lloyd Blankfein, CEO of GS, directed 44% (4.6 million shares) of BP stock to be dumped three weeks b…. [...]


  210. 210Goldman Sachs sold $250 million of BP stock before spill | USAHM News | The Media Hitman Has Arrived. Classified Information, and a Conspiracy?

    [...] Article Link // Citigroup: US to sell its stake in bailed-out bank (22.5%)George W. Bush 'knew Guantánamo prisoners were innocent' (22.3%)A Petroleum Engineer's Explanation (15.5%)BP 'cuts pipe from leaking oil well' (13.9%)Is It Raining Oil In Florida? This Is Just The Beginning (13.7%)How We Know This Was Planned? (12.7%)Goldman Sachs Invests in Red Light Camera Company (11.7%)Cash-Strapped Schools Turn to Businesses for Help, Sparking Concerns (9.1%)Gold price hits new record as it breaks through $1,250 (9.1%)Buffett donates $1.93bn in shares to charities (9.1%)Drivers In Some States More Vulnerable To Gas Price Spikes (RANDOM – 0.3%) Post Published: 03 June 2010 Author: conspiracyman Found in section: Breaking News, Oil Spill [...]


  211. 211hypotheek

    Hypotheek informatie, hypotheek aanvragen of afsluiten? Hypotheekrentes bekijken. Hypotheek aanbieders vergelijken, hypotheek vormen, bijkomende kosten,


  212. 212lenen

    Lenen zonder BKR toetsing gaat vandaag heel gemakkelijk. Binnen een paar uur geld lenen zonder BKR toetsing doet u hier, lees snel verder


  213. 213Sunday Special Reader Themed Post: Earthquakes, Dispersants on a supposedly plugged leak and which leak is BP claiming to be plugged?

    [...] safety wise would lead to a similar disaster. Maybe you’ve got a better explanation as to why Goldman Sachs sold millions worth of BP stock shares along with embattled and disgraced former BP CEO Tony Hayward selling stocks to the tune of [...]


  214. 214lenen zonder bkr toetsing

    Lenen zonder BKR toetsing gaat vandaag heel gemakkelijk. Binnen een paar uur geld lenen zonder BKR toetsing doet u hier, lees snel verder


  215. 215healthy chocolate

    For sure it was Gary Coleman and Diver Dan with the pipe wrench in the library. Get real, the spill and entire accident stems from poor management and even worse maintenance. Here’s an idea… we are all partially responsible because we all do not demand that these companies be held accountable until something goes wrong.


  216. 216MMC-NEWS

    Egypt power cuts deepen suffering in fasting month…

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  217. 217dating agencies

    Pride drives us harder to improve our illusion of productivity, Pride is just a illusion and we been brainwashed all thru life. Hard to even get a job if you don’t show it.


  218. 218Totaluga.com

    Gamecock issues…

    Found your post interesting. I’ve added a Trackback to it :) …


  219. 219Kratosellas

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  220. 220Kratosellas

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  221. 221Medyumlar

    For sure it was Gary Coleman and Diver Dan with the pipe wrench in the library. Get real, the spill and entire accident stems from poor management and even worse maintenance. Here’s an idea… we are all partially responsible because we all do not demand that these companies be held accountable until something goes wrong.


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