BANZAI7 NEWS--Goldman Sachs Group Inc. regularly provides its top clients with stock-trading tips that differ from the firm's published research reports, The Wall Street Journal reported on Monday.
We all know Goldman's published research is written in a room full of monkeys and a typewriter. You know, the same Goldman monkeys that recommended mortgage backed securities while Goldman's position was short; the same ones that said oil would hit $200 a barrel in 2008 and announced last week that the recession is officially over.
Does anyone believe that Goldman racks up billions of trading profits listening to these monkeys?
Did Goldman learn anything the last time Spitzer nailed Wall Street for abusing the research component of their operations? Apparently not.
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