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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: Taro who wrote (561517)4/18/2010 6:33:03 PM
From: tejek  Read Replies (1) | Respond to of 1577996
 
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.



To: Taro who wrote (561517)4/18/2010 6:36:51 PM
From: tejek  Read Replies (1) | Respond to of 1577996
 
Gordon Brown and Angela Merkel attack Goldman Sachs

Bank under pressure amid claims it misled clients as PM calls for investigation and threatens bonus ban

guardian.co.uk



To: Taro who wrote (561517)4/18/2010 6:57:08 PM
From: combjelly  Read Replies (1) | Respond to of 1577996
 
"Quite amazing how they played both sides,"

Nothing amazing about it. It, in fact, was pretty common.


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