Heard on the Street: This is from the deposition of Marc Cohodes in the Overstock case. He is being questioned by an attorney for Goldman. The Answers are by Marc Cohodes. It starts at line 4 on page 144. Regarding the Cohodes testimony, that this is sleaze ratting out bigger smarter sleaze after getting screwed by the bigger smarter sleaze.
For actual deposition link click here...
4 Q. Well, do you know how -- do you have any
5 view as to whether the securities lending market is
6 actually efficient or inefficient?
7 A. I think the securities lending market is
8 just like the mob. I think it's completely rigged.
9 It's a completely manipulated black hole, non-
10 transparent market.
11 Q. Now, when you say you think they're just
12 like the mob, are you referring to Goldman Sachs?
13 A. Yes. I think Goldman Sachs is like the
14 mob.
15 Q. And are you referring to them in
16 particular or them and the rest of the market
17 altogether?
18 A. I think Goldman Sachs is a racketeering
19 entity that does whatever they can to make a dime
20 without conscience, thought, foresight or care about
21 ramifications. I think they are cold-blooded and
22 could care less about the law. That's my opinion.
23 I think I can back it up.
24 Q. And that became your opinion when?
25 A. When they put us out of business.
Isn’t it comforting as citizen of this great country to appreciate how many of the Goldman alumni are helping to run our government!!!!!!! I think we’re doomed!!!!!
