Goldman Sachs Hands Clients Losses in Seven of Nine ‘Top Trades’

May 19th, 2010

Mmm hmm.

Via: Bloomberg:

Goldman Sachs Group Inc. racked up trading profits for itself every day last quarter. Clients who followed the firm’s investment advice fared far worse.

Seven of the investment bank’s nine “recommended top trades for 2010” have been money losers for investors who adopted the New York-based firm’s advice, according to data compiled by Bloomberg from a Goldman Sachs research note sent yesterday.

Posted in Economy, Elite | Top Of Page

One Response to “Goldman Sachs Hands Clients Losses in Seven of Nine ‘Top Trades’”

  1. Eileen says:
    May 20, 2010 at 3:04 am

    I for one really like the movie “Ghost” with Patrick Swatze, Demi Moore, and Whoopi Goldberg.
    It’s full of schmaltz and romance (not bad).
    Goldman isn’t going to get away with any of this. Imagine if my mother’s investment’s had been invested in Goldman and what havoc I would be sowing now.
    The dominoes are lined up. I don’t think the tipping point against these sheisters is very far away.
    Got to love the power of gravity.

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