Thursday, January 17, 2013

John Carney — What Is Goldman Sachs?


John tells us what we already know or at least suspect, there it is in print.

"A pig by any other name would smell as bad." Apologies to Shakespeare. Goldman doesn't pass the mommy test.

CNBC NetNet
What Is Goldman Sachs?
John Carney | Senior Editor

2 comments:

geerussell said...

This kind of anticipatory trading is not fairly described as front-running because Goldman isn't stepping ahead of customers who have already requested positions. It's stepping ahead of them before they request these positions.

If Goldman is also the one guiding the customer on which positions to take, it seems worse than front running. Like directly manipulating the customer to dance to your tune. Almost as though they're not customers so much as... muppets. Or something.

Ignacio said...

Doing God's work after all geerussell