Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Politics : President Barack Obama -- Ignore unavailable to you. Want to Upgrade?

To: Road Walker who wrote (111135)	3/14/2012 4:34:59 PM
From: Threshold	Read Replies (1) \| Respond to of 149317

"The guy is a bit pious... " Whaaaattt? he's been doing gods work. shouldn't he be a bit pious?? The silence on the right over this is kinda deafening.

To: Road Walker who wrote (111135)	3/14/2012 5:37:47 PM
From: ILCUL8R	Respond to of 149317

Good post on GS business practices, and about Axes: Execute on the firm’s “axes,” which is Goldman-speak for persuading your clients to invest in the stocks or other products that we are trying to get rid of because they are not seen as having a lot of potential profit. b) “Hunt Elephants.” In English: get your clients — some of whom are sophisticated, and some of whom aren’t — to trade whatever will bring the biggest profit to Goldman. I was strongly reminded of the recent movie "Margin Call" when I read the opinion piece as brought to attention by Friedman.