imo whoever wrote it knows at least a reasonable amount of what he's talking about (I just very quickly skimmed it though)

But I guess the negative enthusiasm is annoying to some of you.

 

It's not so ridiculous, really, when one considers that it's pretty much an open secret that Goldman was trading for its own account with privileged information they obtained during the whole LTCM debacle. Whether or not the people involved in this website are aware of that episode, I can't say, but GS has a special reputation for chicanery that is not altogether undeserved.

 
Juwanna Mann:
It's not so ridiculous, really, when one considers that it's pretty much an open secret that Goldman was trading for its own account with privileged information they obtained during the whole LTCM debacle. Whether or not the people involved in this website are aware of that episode, I can't say, but GS has a special reputation for chicanery that is not altogether undeserved.

Last I checked, all of the banks involved in LTCM were using inside information to trade for their own account. And isn't BSC the one that is generally castigated over LTCM?

 

Fair enough, all banks were trading on inside information, but GS was actually taking the information from LTCM's own computers and sending it back to broad and wall. As for Bear, they were castigated for not participating in the bailout, but since they were (I believe) LTCM's biggest creditor in the first place it's perhaps understandable.

 

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