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Strategies & Market Trends : John Pitera's Market Laboratory

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To: John Pitera who wrote (19301)	6/1/2017 9:58:41 AM
From: richardred	Read Replies (1) of 33421

Thanks for the nice follow up John. snip>Goldman said it bought the securities, which are held in funds and accounts it manages on behalf of clients, from a broker and did not interact with the Venezuelan government. Just my Opinion! personally I kind it find it hard to believe that a broker representing a state owned oil company bonds was oblivious of their clients, and their proclivities. I wonder what was in Goldman's Prospectus it gave to it's clients? Surely Steve Manuchin might have some insight. This if any of their clients were Russian or Iranian individuals. After all a 150 billion they just got from us goes a long way to fund trouble. :+ ( It sounds like another Goldman Mike Burry type due diligence deal. Only this time there is no Gov't in Venezuela that could prevent a total market collapse. I wonder what the bonds were even rated? <G> I guess that's why they call it risk capital. I would think Spanish & Greek bonds would have been a better rated risk deal?

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