The bozos at Merrill Lynch, the dimwits at Citigroup, the nimrods at Lehman Brothers, the louts at Bear Stearns................... http://www.businessday.com.au/business/lot-of-bull-about-goldman-20090728-dzrl.html?page=-1
It's not of interest that he defends GS. Personally, I want to hear how "manipulative" their HFT software is and if so, why they haven' t fully disclosed the implications for shareholders. Further of interest is, how GS - 10 bllion USD government sponsored - was able to take on 216 million USD VaR through its principal transactions division. If I would have received government money, I would be a bit more "conservative" risking money, or ?
not his best work ever... The piece he did on Iceland blowing up was really interesting, and the one where he impersonates an arrogant banker is massively funny. Google them if you don't knwo what I'm talking bout. It's well worth it. The icaland one is pretty easy to find, here's the other: http://www.bloomberg.com/apps/news?pid=20601039&sid=aZruAW7s2eLI&refer=home
Sorry, you guys do realize he's being intentionally facetious? He's not defending GS, he's making fun of them... I thought it was super funny. "That's not how we look at it; at Goldman we always round to the nearest $US50 billion, so anything less than $US50 billion rounds to zero."
I wonder if internally they call Blankfein Talos I, etc... LMAO http://en.wikipedia.org/wiki/Talosians
================== I like Goldman's name, KinVillage; probably its a better name than'' liars poker'' Not that I am in favor of thier 10% stake in ''cap & trade/cap & fraud.'' Certainly its a fraud in name, rightly named it cap & tax. However to thier credit, they dont own 90 % of ''cap & tax'' Not sure i wouild nickname Citi-'' dimwits'' ; just because many of top Citi manager are dimwit LOL