armadillo

An Analysis of Ben Stein's Beef with Goldman Sachs

I saw him on Kudlow, and it seemed he was mixing two accusations
1: Goldman was pushing these "speculative" securities during the top of the market while their econmist was bearish on the market and
2:now that they are short he is being recognized and getting even gloomier to push the market down and improve their short position.

Of course they were trying to dump these securities at the top and get short - don't we all - The problem is when they do that and have a fiduciary responsibility to their clients.

I guess it's all about transfer of wealth from misinformed losers to the well positioned rich smart guys.....