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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory

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To: benwood who wrote (71915)10/13/2006 2:12:46 PM
From: Mike Johnston  Read Replies (1) of 110194
 
Jim Willie CB on Goldman Sachs fraud:

The “dynamic duo” JPMorgan and Goldman Sachs are running rampant, making money like bandits, coming and going, in market sectors which rise or fall. Or are they “evil twins” instead? They have a partner in the USGovt and immunity from investigation, audit, and prosecution. What has this country come to? A laundry list of questionable market practices and government activities can be cited. Start with the GSax commodity index (GSCI) whose unleaded gasoline weight was reduced from 8.45% to 2.3% without warning or justification. Fully $100 billion is invested in indexed commodity funds tied to the GSCI, managed by fund managers, brokers, and individuals. They were forced to sell a lot of gasoline contracts to abide by enforced weightings.
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