WALL STREET PROFIT NEWS
Financial News and Editorial Source.
Goldman Sachs (GS) releases their PR machine, following articles like "How Goldman screwed its clients in the housing collapse" and Matt Taibbi's great series "The Great American bubble Machine." So of course Goldman can't just take it lying down. they fire back with their PR machine response "Goldman blasts the NYTimes hit-job." And like a true master magician at work while everyone is watching the right hand that screwed the housing market and literally the global economy, with the left hand Goldman pulls off perhaps their greatest move ever. For most of 2009 Goldman actually managed to trade global markets with Government guarantees to back stop them with public money and with Warren Buffet to reassure their clients base. What a play that proved to be, perhaps the best of all time! And with the profits they paid themselves record bonuses! Here is a nice year-end review on yahoo's Tech-ticker of some of those articles along with some humorous calls by a number of talking heads: http://ow.ly/R6CS