July 15, 2009
Goldman Sachs current quarterly reads like a letter:
Dear Loser Investors:
Thank you for buying high and selling low. That lets us buy low and sell high.
Sincerely, Goldman "We Always Win" Sachs
Robert Reich doesn't like the fact that Goldman is sucking these billions out of the global economy using the same derivatives-trading techniques that shouldered much of the blame for the current catastrophe.
What do you think, my fellow Losers?
Posted by David at July 15, 2009 01:39 PM
Interesting. I've been thinking a lot about Goldman lately too.
I came across this entry from Bill O'Riley http://www.foxnews.com/story/0,2933,532663,00.html pointing out a couple of things that make me want to invest in GS.
First, they made 2 billion dollars and paid no tax.
Second, they own a stake in Chicago Climate Exchange and will profit from Cap and Trade.