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.

“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.”

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.


Anonymous said...

Capitalist is not synonymous criminal, no matter what they say. Most business owners I know are honest folks that bust their hind ends to keep their heads above water. But, the unscrupulous inhabit ALL walks of life, and in about the same proportion as far as I can see.

The whole system is built on trust. When trust is destroyed the system falls with it. We are on the brink.


Coal Guy

Dan said...

What is the goal for next quarter?

Anonymous said...

All the money that they didn't get last quarter.

Coal Guy

Dextred1 said...


that was funny coal guy

K said...

I hope they get it all, if it will hasten the collapse.