Tuesday, March 2, 2010

THE ART OF BAGGING ONE'S CLIENTS

When financial titan Goldman Sachs joined some of its Wall Street rivals in late 2005 in secretly packaging a new breed of offshore securities, it gave prospective investors little hint that many of the deals were so risky that they could end up losing hundreds of millions of dollars on them.

Read about it here.
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2 comments:

  1. nswfmMarch 3, 2010 at 1:04 PM

    Wow.

    Good article--seems like the only paper doing real investigative reporting lately, between this and the Jonathan Landay/Warren Strobel Iraq reporting:

    http://www.pbs.org/moyers/journal/btw/transcript1.html

    Too bad the ADN didn't do any real investigating on Palin.

    ReplyDelete
  2. williambanzai7March 3, 2010 at 8:41 PM

    Oh, but it is a big conspiracy against Goldman.

    ReplyDelete

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