Golman Sachs sells largest ever chunk of BP stock 2 days before accident.

Copied from an article by Michael Wayne


The latest revelations in the British Petroleum gulf drilling disaster indicate that international banking firm Goldman Sachs sold over 4.68 million shares of British Petroleum stock just two days prior to the explosion of the British Petroleum drilling platform. This sell-off of petroleum stock is now recognized as the largest single liquidation of petroleum stocks in the history of modern markets. With this liquidation taking place just 48 hours prior to the gulf explosion which now looms as America’s worst ever ecological disaster, any intelligent mind must ask these questions, “Was this sell-off an act of insider trading? Did someone at Goldman Sachs have foreknowledge of this disaster? Could the disaster have been man-made? If so, who would be the ultimate beneficiary of this event?”

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

I'm sure its just a matter of dumb luck on Goldman Sachs part.

OMG and they also shorted Transocean Stock too

http://pesn.com/2010/05/05/9501645_No_joke--Goldman_Sachs_shorted_TransOcean/DonNicoloff_email.htm

http://www.huffingtonpost.com/andy-borowitz/goldman-sachs-reveals-it_b_558774.html

Goldman Sachs also shorted Airline stocks 5 days before 911

http://exiledonline.com/declassified-911-report-goldman-sachs-analyst-downgraded-airlines-stocks-5-days-before-attack-you-gotta-figure-goldman-did-this-just-to-fuck-with-people-later-on-ht-nate/

and If that weren't enough Goldman Sachs ALSO played the other end of the housing crisis, yep they shorted the mortgage securities they sold to others.

Goldman Sachs just settled with the SEC for $450,000 (one guy's salary for a month; or the price of one nicer home lost, among millions due to the collapse) as punishment for shorting the mortgage balloon. They made billions in the crime.

"Money, in times of economic distress, is never lost only transferred."

"Money is the route of all evil."

"If you want to be well, then marry a banker."

The proof is plastered all over our society. Enough people need to wake up and see that money is a power hierarchy. If you control enough you can be the master of the system, because we live within a limited existence, this is possible.

Peace

It's always about the money. Is there reason to think conspiracy? There is always reason to think conspiracy when dealing with corporations. Questions waiting to be asked: Did any big players in BP short BP stocks before the "tragedy"? Did any BP execs sell off their Stock options, You know, buy them at the priveledge prices and then unload them at around the 60.00 mark? I know, the smart investors shorted BP on day 1 of the blowout. Geeze I wish I'd of had a few thousand bucks to play with, could have made a small fortune. The old day late and dollar short addage comes to mind.

So not to be pisser on of all things conspiracy related, but...

How do you make $100 million per day? Goldman Sachs did it—and still does it. It even brags about it. Goldman’s net revenues for 2009 were over $45 billion. Most of this—$34.37 billion—came from trading. During the second and third quarters of 2009, Goldman made over $100 million per day on 82 out of 130 trading days.

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Net profit margin for BP
24.07% 25.90%

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So if they are making 45 Billion and maintain about 25% profit (in a year) of the transactions they make, that would mean that they are overseeing about $45 billion in transactions a quarter.

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

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So this is for a 4 month span that gas was not really increasing, but what ever there, lets look at the dollars.

In May BP shares hit a high of just about $60 a share, $60* 4,680,882 = $280,852,920 that number divided by 45 billion (transactions they made during a quarter if the above numbers are accurate) or just about what .006% of the transactions they made during that time was on BP more or less.


Am I wrong (weed and doing math can sometimes conflict, but I went over the numbers 3 times and it seems right) or does this seem like a scare little people with big numbers kind of story?

Goldman Sachs doesn't care where, or how they make money as long as they make it, big or small in relation to their yearly profits. Yes, this is a drop in the bucket compared to what they have and are making off of the wars in the middle east, but HeY! Money is money!