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Pastimes : Clown-Free Zone... sorry, no clowns allowed -- Ignore unavailable to you. Want to Upgrade?

To: eddie r gammon who wrote (38244)	11/16/2000 9:24:19 PM
From: pater tenebrarum	Read Replies (2) \| Respond to of 436258

absolutely. in the meantime...Japan thinks that Goldman sucks: Bloomberg: 11/15 06:02 Japanese Official Accuses Goldman of Insider Trading By Takahiko Hyuga Tokyo, Nov. 15 ( Bloomberg ) -- A member of Japan's biggest opposition party said in parliament Goldman Sachs Group Inc. was involved in insider trading while advising the government on the sale of Nippon Telegraph & Telephone Corp. shares. Keiichiro Asao, a member of the Democratic Party of Japan, said Goldman sold borrowed NTT shares before the Oct. 23 sale of $11.3 billion of stock in the state-owned company. Goldman was hired by the Ministry of Finance to arrange the transaction with three other banks. ``We are clearly accusing Goldman Sachs of insider trading,'' Asao said after the parliament hearing. Hirofumi Gomi, secretary general of the Securities and Exchange Surveillance Commission, told parliament that if Asao's allegations were true, it would violate Japanese securities law…... Goldman, along with Merrill Lynch & Co., Nikko Salomon Smith Barney Ltd. and Nomura Securities Co., was selected in September as a manager for the government's annual sale of NTT stock, one of the world's biggest share sales. It was the third consecutive year Goldman was appointed to arrange the offering.