,
19 tweets,
5 min read
Read on Twitter
Money talks: for big bond hearing before #SDNY Judge Rakoff, there are lawyers in the jury box and in 2 press rows.
Thread
Thread
S&C for #GoldmanSachs begins by mocking claim of conspiracy. In the room, in the jury bix: #DeutscheBank, #JPMChase, Nomura
#GoldmanSach says it wants "rule of reason," not accusations like price-fixing. Of course not.
Judge Rakoff has zeroed in on July 17, 2012 chats in which BNP and #MerrillLynch plan on bond oricing. #MerrillLunch
Judge Rakoff asks if #GoldmsnSachs is saying it was OK to fix prices at some stage. Answer is bluster about HHI Index
These banks are describing themselves as a Syndicate. Inner City Press has covered Mafia trials right here in #SDNY
No honors among thieves: #DeutscheBank was just described as confidential/cooperating dealer. #SocGen was left out of Para 4
Plaintiffs' lawyer points Judge Rakoff to page 38. He jokes that he fell asleep before then. Nervous bankers' laughter
Plaintiffs rep: didn't Judge Berman say to spare him the 1900 examples of price fixing? Judge Rakoff jokes, He's a young kid
#Goldman rep says he'd bet his daughter's college tuition on what kind of bonds in DB chats. Judge Rakoff: she'll need loans
Rim-shot: Goldman Sachs rep says "if the right candidate wins in 2020, her student loans will all be forgiven.
S&C lawyer name-drops Rodgin Cohen. Inner City Presa has reported how the #FederalReserve rolls over for Rodge on mergers
Goldman rep says if this Court applies per se rule to these chats, it would be the first. Judge Rakoff jokes, Don't tempt me
Judge Rakoff respectfully jousting with plaintiffs' rep Ms Lawrence - which many grumbled was lacking in a #MeToo case today
Ms Lawrence: My colleague can say more.
Judge Rakoff: I'll hear him.
Ms L: "Or her."
Judge Rakoff: O you bring your best
Judge Rakoff: I'll hear him.
Ms L: "Or her."
Judge Rakoff: O you bring your best
Goldman rep trying to spin Morgan Stanley trader saying Keep price up to avoid race to the bottom.
Isn't that competition?
Isn't that competition?
Judge Rakoff jokes, I always pay attention to what Judge Engelmayer writes. 8th Circuit? Meh / not so much.
It's over. Only 2 of the 16 bank defendants' lawyers spoke. InnerCityPress.com and separate grittier Patreon stories soon
