Friday, April 29, 2011

THIS NEEDS TO BE CHANGED

Goldman Sachs is coming under scrutiny and criticism for not telling its customers that it was betting against the Big Shitpile (© Atrios) and this tidbit from McClatchy is disturbing:
Goldman has stressed that it limited its mortgage dealings to Qualified Institutional Investors such as pension funds and insurance companies that have fewer legal rights to disclosure about securities' risks.

No comments: