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makesumgravy

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makesumgravy

Re: None

Sunday, 10/04/2009 8:39:53 AM

Sunday, October 04, 2009 8:39:53 AM

Post# of 447455
Goldman was repeatedly sued by shareholders for engaging in laddering in a variety of Internet IPOs, including Webvan and NetZero. The deceptive practices also caught the attention of Nicholas Maier, the syndicate manager of Cramer & Co., the hedge fund run at the time by the now-famous chattering television asshole Jim Cramer, himself a Goldman alum. Maier told the SEC that while working for Cramer between 1996 and 1998, he was repeatedly forced to engage in laddering practices during IPO deals with Goldman.

http://www.rollingstone.com/politics/story/29127316/the_great_american_bubble_machine/2

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