“This is the first time we have reported zero trading loss days in a quarter,” Samuel Robinson, a Goldman Sachs spokesman, said in an e-mail today. “We believe it shows the strength of our customer franchise and risk management.”
Monday, May 10, 2010
Goldman's Perfect Quarter
Goldman Sachs just put up the perfect quarter. Not single day losing money trading for last quarter!
This is not a slap-on-the-back-well-done-Lads kind of moment.
It is statistically IMPOSSIBLE to achieve that record in a fair market where buyers and sellers are on equal footing and all parties are acting with the same knowledge.
Well, that's one way of looking at it... Talk about brass b*lls. This must end, or our democracy surely will.
And that's a Capitalist talking.
Posted by The Short Story Man at 7:14 AM