Goldman Sachs and Sexually Transmitted Disease

http://www.futureofcapitalism.com/2010/05/goldman-sachs-and-sexually-transmitted-disease

The sexually transmitted disease metaphors involving Goldman Sachs are spreading like, well, you know what. First the Financial Times, now TheStreet.com, which in the course of an otherwise fairly sensible article about Warren Buffett being a hypocrite (derivitives are ok for him but not for everyone else) says that Goldman Sachs is "is facing fraud charges from the SEC, and a reported Justice Department investigation of criminal wrongdoing for structuring just the type of derivative contracts that gave a lot of investors metaphorical genital warts."

The Street.com wonders whether Mr. Buffett "would be so supportive of Goldman and its behavior if he didn't hold a $5 billion preferred stake in the firm."

by Editor  |  May 3, 2010 at 3:18 pm Related Topics:  Goldman Sachs, Press, Religion, Warren Buffett receive the latest by email: subscribe to the free futureofcapitalism.com mailing list