ANOTHER INTERESTING ADMISSION

A big client of Goldman Sachs let us know what stock research was generally worth until very recently.

Goldman's Trading Tips Reward Its Biggest Clients
By SUSANNE CRAIG
Wall Street Journal
AUGUST 24, 2009

One recipient of the trading tips, Steve Eisman, a managing director of hedge fund Frontpoint Partners LLC, says that he likes the back-and-forth he now has with Goldman's analysts, and that he pays attention to some of the tips. "A few years ago, Goldman wouldn't make a negative call on anything," he says. "Now they say it like it is."

A few years ago, most of Wall Street was extremely reluctant to give a negative call.