[LINK] Goldman Sachs snaffling packets at NYSE?
rw at firstpr.com.au
Thu Jul 9 22:11:25 AEST 2009
Karl Denninger speculates whether Goldman-Sachs had access to trading
data before the trades happened.
Also, Matt Taibbi wrote an article in the most recent Rolling Stone,
which is not yet available on the Net, though it is probably possible
to read it here:
Goldman Sachs: The Wall Street Bubble Mafia
The first thing you need to know about Goldman Sachs is that it's
everywhere. The world’s most powerful investment bank is a great
vampire squid wrapped around the face of humanity, relentlessly
jamming its blood funnel into anything that smells like money.
It has caused quite a fuss.
Time Magazine has a write-up:
"The [Rolling Stone] article makes a very compelling case
against Goldman Sachs, but I think the problems it identifies
are pervasive in financial firms and corporate America in
general," says Nell Minow, who is the co-founder of the
Corporate Library, a research firm that tracks
corporate-governance issues. "We need to launch substantive
financial reform rather than weighing the faults of one firm
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