Open Left

You are absolutely right about market manipulation

and investors deciding not to participate in markets that are perceived to be manipulated.  

That is why someone SEC, Justice Dept. Congress, someone needs to start investigating the "Doomsday Machine" that Goldman Sachs created and lost track of somewhere in Germany.

Goldman Sachs is the epitome of TBTF.  I said this yesterday and I will repeat it:

The profits that Goldman Sachs made are mostly from trading hardly something that is sustainable over the long term other areas of the conglomerate didn't do well.  So, if its trading tanks again will Treasury, Fed and/or FDIC bail them out again?

Nothing has changed for Goldman Sachs despite still being a bank holding company subject to some level of regulations and oversight.

RebelCapitalist - Financial Information for the Rest of Us.

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by: RebelCapitalist @ Wed Jul 15, 2009 at 21:32:47 PM CDT