16 July 2008
Did Goldman Sachs Deliberate Bring Bear Stearns Down?
That's what Alan Schwartz, who was head of Bear Stearns when it imploded is asking whether Goldman Sachs was aggressively shorting and talking down Bear Stearns to generate a quick profit.
I would not be surprised. The same was alleged regarding the collapse of hedge fund Long Term Capital Management in the late 1990s.
Wall Street is a cesspool, and it needs to be drained.
I would not be surprised. The same was alleged regarding the collapse of hedge fund Long Term Capital Management in the late 1990s.
Wall Street is a cesspool, and it needs to be drained.
Labels:
Corruption
,
Finance
,
regulation
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