michael Lewis: Lot of bull about Goldman

Discussion in 'Wall St. News' started by potemkinvillage, Jul 28, 2009.

  1. Michael Lewis never worked for GS, as evidence by his full head of hair.

  2. 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 ? :confused: :cool:
  3. 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."
  4. Pekelo


    They are the same. :)
  5. nitro



    I wonder if internally they call Blankfein Talos I, etc... LMAO :D :D

  6. again...little hater...

  7. ==================
    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'':D

    Not sure i wouild nickname Citi-'' dimwits'' ;
    just because many of top Citi manager are dimwit LOL:p