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SEC's Goldman Charges Send Shocks Through Financial Markets

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posted on Apr, 16 2010 @ 12:38 PM
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SEC's Goldman Charges Send Shocks Through Financial Markets


online.wsj.com

The hedge fund involved in the Goldman case, Paulson & Co., also contributed to the headline effect. Paulson had earned legendary status on Wall Street during the crisis by making an estimated $20 billion in betting again the housing crisis. Paulson executives were not immediately available for comment Friday.
(visit the link for the full news article)




posted on Apr, 16 2010 @ 12:38 PM
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The article goes on and on about how this affects the market, but nothing about the essence of these charges.

I chose the above snippet because I can only wonder who pays for Paulson's $20B gambling wins.

Have the people at the Wall Street Journal bothered to pause and ask themselves that?

Here is the obvious thing, the Stock market has been turned into one huge gambling casino.

Is putting your money into the stock market any different than plopping it on a crap table?

Lack of free drinks is the only difference I can see.


online.wsj.com
(visit the link for the full news article)



posted on Apr, 16 2010 @ 12:41 PM
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There is an already existing thread on this topic here.

Please contribute any further questions and/or comments to the above linked thread.

Thank you.

Thread Closed.



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