Tuesday, Apr 27, 2010
Goldman Sachs grilled by Senate
Telegraph: LIVE BLOG: Goldman Sachs grilled by Senate as it happens
The Goldman panel looks uncomfortable as Levin slams Goldman and says its actions have polluted Wall Street: “Goldman’s actions demonstrate that it often saw its clients not as valuable customers, but as objects for its own profit. This matters because instead of doing well when its clients did well, Goldman Sachs did well when its clients lost money. Its conduct brings into question the whole function of Wall Street.”
Posted by cat and canary @ 04:26 PM (362 views) Add Comment
1 Comment
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1. Yoss said...
What if their trading desks have taken out massive blind shorts on their own stock?