SEC Enforcement Division to make significant announcement.at 4:45 p.m. ET (Rumors are about Goldman)

[RedEarth]

Rumors are about Goldman Sachs

link to webcast here......

http://www.calculatedriskblog.com/2010/07/reports-bp-makes-progress-on-oil-gusher.html

[BootinUp]

1. Sounds interesting

may be the best news of the day.

[Spazito]

2. This could be interesting!

Thanks for the heads-up!

[bluestateguy]

3. 45 minutes after the markets closed

That always means something more than trivial.

[mdmc]

4. God willing..

[BootinUp]

5. Wall street speculates its a settlement favorable to GS

http://www.marketwatch.com/story/us-stocks-gain-ground-ahead-of-sec-meeting-2010-07-15

Stocks pared losses, as financials recovered ground after the passage of a sweeping financial overhaul bill and buoyed by speculation of a potential settlement between Goldman Sachs and the Securities and Exchange Commission.

Shares of Goldman Sachs climbed 4.43% after the SEC announced it intends to make a "significant announcement" at 4:45 p.m. EDT.

The SEC didn't say what it would announce, but Goldman Sachs and the agency have held talks about a possible settlement to simultaneously resolve the fraud lawsuit against Goldman and some of the agency's lower-profile probes of the Wall Street firm's mortgage department, according to The Wall Street Journal. A spokesman for Goldman Sachs declined to comment on speculation about a potential settlement or the firm's stock price.

"Everybody's assuming it'll be a settlement and that the terms will be favorable to Goldman," said Steve Sosnick, equity risk manager at Timber Hill LLC/ Interactive Brokers Group LLC.

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Fuck that.

[taught_me_patience]

6. Rumor is 550 Million settlement... n/t