mallarde

Moral Hazard, Goldman Edition

How does this company exist as a publicly-traded company when their shareholders only receive what management feels like giving them after they are finished distributing their absurd compensation packages?

What goes on on Wall Street seems like it should have existed in the 1920s, not in our "modern" era where information flows so freely.

Goldman's Success: Put Down Those Pitchforks

I am waiting for someone to explain what Goldman, et al. do that cannot be duplicated by other up and coming banks. I can understand the importance of having investment banks, generally. I can also -- perhaps -- understand the importance of having banks that can securitize debt even if this market must shrink.

Still, I can not figure out how GM or Chrysler going under could not be more disruptive than these New York financial firms going under. All these absurd debt instruments have only enriched financial firms; they have not benefited the economy.

Bill Ackman Piled Into Wachovia and AIG Shares

All it took me was a Google search. I was not bold enough to recover much of my loss on the way down with WB, but I made a quick profit.