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Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?

To: Madharry who wrote (37609)	4/27/2010 12:28:38 PM
From: blastedwand	Read Replies (1) \| Respond to of 78486

I agree that there is plenty of blame to go around. Congress is just as guilty. rating agencies also failed. That said the biggest issue for me is the fact that IMO GS is an investment bank thus people pay them for advise. They are not etrade. If you use etrade you expect bids and asks and a way to trade. Seems to me when you invest with GS or another investment bank they are more than that. Maybe I am just wrong or misinformed but it is the way I feel. Plus it does seem that they had way more information then they gave their clients. They knew it was falling apart and they knew why. the rating agencies we wrong but not because they knew the stuff they were rating was crap. they were just stupid. GS knew what was going on the whole time. they knew the the ratings folks were stupid and wrong. now if they were just trading for themselves and their clients and taking a position on the short side so be it. that would be smart. but to take the short side and SELL the long side to other clients. Well that seems off to me...