It seems just like yesterday April 16th 2010 to be exact that the news came public and we were one of the first blogs out there to break the horrific news. None the less to make a long story short the SEC (securities and Exchange Commission) was pressing charges against Fabrice Toure and the Goldman Sachs enterprise for misleading a large client on Abacus AC-1 on synthetic CDO's in which Goldman did not disclose its position (not that it was supposed to and doing so would have been ethically wrong).
None the less since this news came out Goldman became one of the most hated companies in America by those who just are simply not intelligent enough to understand the intricacies of how a brilliant and hard working company like Goldman works. Most people where out saying I hope they hang those fraudsters and everybody and there mother was out bashing these Capitalist. Alright enough of the Goldman story lets move onto Beyond Pollution.
Fast forward to April 20th 2010 at 10 PM Central Standard Time ironically enough it's earth day and only 4 days after the Goldman Sachs news broke out and the Deepwater Horizon rig exploded and killed 11 people thus starting the largest gulf oil spill in history to which over 100 million barrels of oil has leaked out and still has not been fixed and thus you know the rest of the story from watching CNN.
So from here you have GS out of the spotlight and BP in because everybody is pissed off that a European company is fucking us (not an American), there polluting our Gulf and Ocean waters, and they have really been lying to us about how bad the problem is with no end in sight.
So its taken the heat off of Goldi and onto BP and hopefully the SEC drops it's B.S. case and BP can clean up this mess and the world continues to turn.
Also check out our BP Acronyms