Goldman Sachs, the bank that manages ... the world!

[Christophe]

You speak ... how much of their current profit is that?

1 day? 1 week? 1 month? No 1 month impossible ... it's much too long ...

I love the wording "extinguish lawsuits":

Goldman Sachs will spend an additional $ 5,1 billion to settle related lawsuits ...

In any case, they have already triggered the next crisis, according to many analysts, see this dispatch: https://www.econologie.com/forums/les-crises ... tml#297481

Then too easy for a bank that CREATES money to pay a fine ... however colossal it is!

[Grelinette]

... Then too easy for a bank that CREATES money to pay a fine ... however colossal it is!

The current financial system means that these money makers do not actually take big financial risks by playing with fire, and this goes for banks as well as industrialists (eg VW), pharmaceutical labs (Servier) or even operators. telephony (*).

A very practical and guilty, even encouraging accounting principle means that in the event of presumption of a large expenditure to come (ex a fine, compensation or other), the company in question anticipates and books the money for this possible expense, which is deductible from profit, but remains in the company's coffers until, possibly, out of it. (It should be noted that in accounting the provisions for risks are managed and embedded in the same item as depreciation ...).

It is therefore at worst a white transaction, at best a juicy financial transaction!

This principle encourages moreover to provision as much money as possible, and it is easy to artificially increase or even fraudulently the risk (or even to invent a hypothetical future risk), and to play the possible legal extensions so that this money ( well placed) bears fruit as long as possible.
(It seems that this is the current strategy of the Servier lab with the Mediator scandal).

I even imagine that in some cases it is an effective financial strategy to build up a nest egg or reduce future profits, which will be taxable.

(*) Remember the telephone operators who have provision colossal sums in the 2000s when we started talking about possible health risks linked to the emission of electromagnetic fields from mobile phones ...


Besides Christophe, if you haven't thought about it yet (and you pay taxes on the profits of the econology site), I suggest that you start to make provisions for any expenses related to the risks generated by the effect. of the site econolgie.com: addiction to the site, the "bad" advice given on the site, or worse, the forecasts announced and which will prove to be inaccurate! ...

Don't thank me, if I can help keep the site alive, it's with pleasure! ...

[Christophe]

Good news, everyone can now contribute to the politico-human disaster-finance the world with Goldman Sachs:

Goldman Sachs offers savings books to individuals

http://www.lesechos.fr/finance-marches/ ... 217212.php

[Christophe]

Besides Christophe, if you haven't thought about it yet (and you pay taxes on the profits of the econology site), I suggest that you start to make provisions for any expenses related to the risks generated by the effect. of the site econolgie.com: addiction to the site, the "bad" advice given on the site, or worse, the forecasts announced and which will prove to be inaccurate! ...

Don't thank me, if I can help keep the site alive, it's with pleasure! ...

Thank you for the good advice lol but I currently have no savings capacity therefore provisioning ...

I am better as a provisioner than in economic provisioning!

[Christophe]

The lawsuit launched by the Libyan sovereign fund against the American bank opens this Monday in London. Goldman Sachs would have benefited from the lack of experience of those responsible for the fund. The establishment is also suspected of questionable practices to obtain contracts.

http://www.lesechos.fr/finance-marches/ ... 006019.php

[Obamot]

They had already done it with Greece ... Only before the war, Libya was one of the only states in the world with a debt ratio close to zero (few people know) and such a state with its oil, it attracts lusts!

He also had other less enviable "qualities". But it's still great that after having destabilized this country (for the simple reason of a tribal organization? *), The vultures came back to make profits with illegal methods ** when precisely an illegitimacy was criticized to the regime as a pretext for its overthrow: without wanting to defend them, acting in a more scandalous way must probably be impossible.

* In any case in the line of sight of some not less repugnant in the Western clan, and revealed at our expense that leaves the continuation.
** (if the legal file is sufficiently consistent, we have fearsome people with tricks of all kinds).

[Christophe]

Even in sports, Goldman Sachs rules the world: http://www.goldmansachs.com/our-thinkin ... -cup-2016/

In French: http://www.lesechos.fr/industrie-servic ... 004120.php

Info published in early June ...

The forecasts of the investment bank give France the winner of the competition with a probability of 23%, against 19,9% ​​for Germany and 13,6% for Spain.

[Obamot]

And this “good” José Manuel Barroso with the air of a good father (paternalistic for Europe)

https://www.youtube.com/watch?v=wpiKvik6MoI

José Manuel Barroso recruited by Goldman Sachs
American investment bank Goldman Sachs announced Friday that it had hired former European Commission president José Manuel Barroso to advise it.

The Portuguese will serve as non-executive chairman of Goldman Sachs International, the international arm of the London-based American group, and advisor to Goldman Sachs, the bank said in a statement.

“José Manuel will bring an immense analysis and experience to Goldman Sachs, and in particular a deep understanding of Europe. We look forward to working with him as we continue to help our clients navigate an uncertain and challenging economic and market environment, "said Michael Sherwood and Richard Gnodde, co-CEOs of Goldman Sachs International, cited in the press release.

Prime Minister of Portugal from 2002 to 2004, José Manuel Barroso held the presidency of the European Commission from 2004 to 2014, a period during which Europe and the world were shaken by the serious financial crisis of 2008.

And of course, as you would expect: in London! You speak of a European!

José Manuel Barroso former Maoist: in fact a handsome son of ...

[Christophe]

Yes, saw that yesterday too ... pffff ... where are we going?

[Obamot]

Something to know about Barroso:

https://www.youtube.com/watch?v=P6k11ag7u80

(beware, it messes up)

► View Text

if you want to know where it goes, you just have to read my posts, it's been five years since I said that Tony Blair was a war criminal:

https://www.youtube.com/watch?v=mYNDeb3jLnk

Tony Blair faces trial at
The International Criminal Court in The Hague
The former prime minister could be tried for war crimes after the publication of the report showing that he manipulated information to engage his country in the war in Iraq, according to the ex-agent of the British services Annie Machon.
The following: https://francais.rt.com/opinions/23391- ... roces-cour

"Tony blair, war criminal!"
Hundreds of protesters gathered outside the home of ex-Prime Minister Tony Blair on Wednesday chanting "Tony Blair, war criminal" after the publication of the Chilcot report on the UK's controversial engagement in Iraq in 2003.
Source: http://www.rts.ch/play/tv/l039actu-en-v ... id=7861938

"We must translate George W. Bush and Tony Blair
before the International Criminal Court "
Is the noose tightening around the two former American and British leaders? The Chilcot report, recently released in the United Kingdom, like the Feinstein report, published a little over a year ago in the United States, once again highlights the crimes committed in Iraq or Afghanistan during questionable military interventions in their foundations or in their developments.

In the absence of national procedures, the International Criminal Court (ICC), established by the Rome Statute (1998), has here the opportunity to demonstrate that international criminal justice is no longer reserved for the vanquished and the weak.
Time does not matter

It can indeed investigate and prosecute those responsible for crimes of genocide, crimes against humanity or war crimes as soon as they are committed on the territory of States parties or when the accused persons are nationals of States parties to his status. Let us add that in both cases, time does not matter for the case, since the crimes in question are imprescriptible.

If Iraq does not recognize the jurisdiction of the ICC, the crimes attributable to British forces could fall under the jurisdiction of the Court because the United Kingdom is indeed a State party to the Rome Statute.

The Chilcot report officially confirms what was already known: the decision, in 2003, to use armed force against Iraq to eliminate the Saddam Hussein regime, taken by the United States with the approval and participation of the government...

Source: http://www.lemonde.fr/idees/article/201 ... ZywMBDB.99