Warm_Paw

Why Did Meredith Whitney Downgrade Goldman Sachs?

Why did Meredith Whitney downgrade Goldman Sachs?
My guess is that so Goldman can short itself and make even more profit.
If they were to downgrade themselves, it would look too obvious.
And then once they've taken a hit for a strike date or two, why they could cover puts against themselves and as their share price once again climbs, they could pocket the premiums.
Did Meredith Whitney actuall say "why be greedy"???
This is investing - if one were not greedy, one would use their money to feed the homeless.