More news about the boom/bust cyclemakers that doesn’t bode well for the individual investor.
From NY Times:
On Tuesday, a Goldman executive made an unusual admission that, in some cases, the rumors were true.
In an e-mail message to select clients, Thomas C. Mazarakis, the head of Goldman’s fundamental strategies group, acknowledged that his unit often provided investment ideas that the firm had already traded on.
Sometimes Goldman has even taken the opposite...
Goldman CEO, 'Fabulous Fab' facing Congress (AP)
AP - The CEO of Goldman Sachs and other executives from the Wall Street powerhouse are coming before Congress 10 days after the government accused the firm of fraud. The Senate panel hearing...
Goldman case likely to unleash torrent of lawsuits (AP)
AP - The fraud charges against Goldman Sachs & Co. that rocked financial markets Friday are no slam dunk, as hazy evidence and strategic pitfalls could easily trip up government lawyers.
S.E.C. Comes Out Swinging Against Goldman Sachs
Between this and their “high frequency trading”…are we seeing karma coming back around on GS? From NY Times: Goldman Sachs, the Wall Street powerhouse, was accused of...
What Republican Resurgence?
It bugs me when either party peddles a false meme before a certain event, as was the case last night with the “GOP is making a comeback if we win anything” talking points. And...
Big Banks Give $5.33 Billion In Bonuses
And this is for 2008…a year when their failure nearly brought the entire world’s financial system to its knees. I don’t care if these bonuses were contractual or not. New...
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