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Politics : Formerly About Advanced Micro Devices

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To: Taro who wrote (561517)4/18/2010 6:33:03 PM
From: tejek  Read Replies (1) of 1578154
 
NPR had a pretty good coverage of the Goldman case yesterday. Quite amazing how they played both sides, creating a losers fund for one major client to short and then selling it off to other clients as a sound investment.

Its very typical of GS. They helped run oil up to the $150s and then turned around in August of 2008, and started shorting the hell out of it. They made a fortune. They are by far the most aggressive and most clever investment firm on Wall Street.

I will be very surprised if the gov't nails them. They can afford major law firms.
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