Note of 20100421 : We are getting to watch the Star Arts in WALL STREET literally play out, on the street of money.
Lloyd Blankfein, the chairman and chief executive of Goldman Sachs, admitted yesterday that the bank “engaged in ‘improper’ behavior in 2006 and 2007 when it made huge bets on a housing downturn while peddling as safe more than $40 billion in securities backed by risky U.S. home loans.” Blankfein’s acknowledgment came during the opening hearing of Congress’s Financial Crisis Inquiry Commission.
Source of above material : American Progressive Org email of 20100114
Does that sound like the ultimate insider trading?
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