Sol Rosenberg

Where Is the Line Between Conventional Banking and Pure Trading?

Of course GS doesn't make the money on the bid/ask spread, they make the money on the pump and dump, insider trading, and front running.

Meanwhile, they appoint their own guy as SEC COO so that the SEC will go after bush league Sri Lankans instead of the massive GS criminal enterprise.

Wall St. Banks: Giving Props to Trading Risks

I found a typo in your article.

"That may force the investment bank to commit some of its own capital to acquire those shares in a series of separate transactions, so as not to create an undue spike in the stock’s price."

should read:

"That may force the investment bank to commit some of its own capital to front-run those shares in a series of separate transactions, so as to get some ROI on all of those expensive HFT computers."

Japan Provides Proof That Bank Bailouts Work

Ah yes, Japan, a beacon of economic growth and vitality over the last 20 years. Nikkei 225 in 1989: 38,900. Nikkei 225 today: 9,700. I'm sure your typical salaryman is just thrilled that government officials have some extra coin for their bukkake shows in Kabukicho while the bailed-out zombie firms continue to drag the entire economy down.