One of the many reasons to hate Goldman is that it is hard to stop thinking about them. Sure a good paradigm is a terrible thing to waste, but at some point enough is enough.
Not yet apparently. Last night it occurred to us what this whole Goldman, Paulson, IKB (the [...]
CEO Blankfein says Goldman does God’s work. He must have meant bingo.
The legitimate function of financial markets is to efficiently move money from savers into business investment. This is true of primary issues—a newly issued stock or bond—but also of secondary sales (I sell you my pre-existing shares of SNAFU industries) because even in the [...]
Are the plaintiffs in the Goldman case crybabies?
Snippet: “What was Goldman supposed to disclose: that the guy on the short side was smarter — like way, way, way smarter — than Goldman’s clients on the long side?”
Read the rest on The Corner at NRO.
