Tuesday, April 20, 2010

Goldman's Travails: Don't Get Your Hopes Up

Goldman's Travails:

By Mike Whitney

Screwing people is a "growth industry". And a big organization like Goldman has a reservoir full of snakeoil, so it doesn't have to worry about running-low on reserves. Just stitch-together a bunch of junk securities, dress them up in sequins and gold-lame', dump them off on investors, and rake in big profits when the ship sinks.


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