Tuesday, July 20, 2010

Goldman Sachs Down 83%

http://www.google.com/hostednews/ap/article/ALeqM5iYl-ii10XLVrDJ3N876S8W35CwMQD9H2S1MG0

New York-based Goldman, considered the strongest of the big investment banks, said its trading revenue dropped 39 percent to $6.55 billion.

This is the result of Goldman Sachs customers learning about the "Sh*tty Deal" Goldman was selling them. Then placing bets (and getting rich) when the Sh*tty deal went bad. Investors aren't keen on those kind of practices.

http://www.inquisitr.com/71204/video-sen-levin-berates-goldman-execs-for-shitty-deal/

Don't cry too many tears for Goldman though. They are still filthy stinken rich. They will be just fine.

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