Goldman Sachs sold $250 million of BP stock before spill

[pleah]

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.

http://rawstory.com/rs/2010/0602/month-oil-spill-goldman-sachs-sold-250-million-bp-stock/

[HiFructosePronSyrup]

1. Oh shit, now they've mastered time travel.

[Ian David]

2. The Chairman of Goldman Sachs International was also on the board of BP, or vice versa. n/t

[Kolesar]

3. And held 56% of BP equities

So they blew it

[DJ13]

4. Theres too many instances of their well timed trades

If it was any other investment firm they would be the subject of multiple investigations for insider trading.

[pleah]

5. This article is all over fb. Couldn't believe

I didn't see it up on DU.

How lucky can one firm get? :eyes:

[Sebastian Doyle]

6. Did anyone ever break the story on who it was that bought the airline "put options" just before 9/11

That story sure disappeared, didn't it? Certainly fits the pattern of how Gold Mansacks finds a way to profit from ANYTHING.

So what did they buy or sell just before Katrina?

[pleah]

7. Here is a link

http://www.google.com/search?ie=UTF-8&oe=UTF-8&sourceid=navclient&gfns=1&q=airline+put+options

[rudy23]

8. Their ties to Corexit should not be discounted either. n/t

[girl gone mad]

9. While they were telling their clients to buy BP..

of course.

http://www.zerohedge.com/article/series-lucky-coincidences-involving-goldman-sachs-bp-plc

[pleah]

10. k