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A New Paradigm On Wall Street

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With all the shorting and long position being taken during the turmoil and then the FED being misled with erroneous data the small investor does not stand a chance, the big players in Wall street are just too big now. Very worrying and something that will only be resolved when they get caught out by there own tricks and the FED is unable to help. It is hardly surprising they are able to take positions to capitalise on the turmoil they are running the show! :o


Oct. 8 (Bloomberg) -- Somewhere in the wreckage of securities backed by subprime mortgages and the resulting seizure in the credit markets, is a new paradigm on Wall Street where Goldman Sachs Group Inc., increasingly perceived as the world's biggest hedge fund, will report record earnings for 2007.

Goldman's third-quarter earnings soared 79 percent to almost $2.9 billion after the New York-based firm, led by Chief Executive Officer Lloyd Blankfein, took positions that rose in value as the price of mortgage-backed securities declined.

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