Tuesday, May 11, 2010

Goldman Sachs Has Perfect Trading

Goldman Sachs reported a perfect 1st quarter performance. It did not have a single losing day in 2010. It generated app. $10 billion in trading revenues. No firm has ever done that feat. That's as successful as law firm. They never lose either.But GS is supposed to be in a "risk" business. Where's the risk? Methinks that "trading" is an incorrect description of what the hyenas at Goldman do. Stealing would be more accurate.

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