Bloomberg released and interesting article today concerning Goldman’s performance last quarter. We have documented here many times that the four major banks, including Goldman, did not post a single losing day in the market last quarter. Conversely, Goldman’s clients, according to the article, lost as much as 14%, as seven of the firm’s nine “recommended trades for 2010” have been money losers.
The corruption is so blatant and yet little is done to enforce justice. Excerpt below: