
Originally Posted by
Twist
A Goldman Sachs letter to hedge fund managers says basically to be bearish on Europe and gives ways to profit from the plunge. This is not surprising or unfair as their job is to make bets like these. Here's the surprising part: GS is a lead bank to sell the EU banking and advisory services. So basically they are trying to advise these countries about how to get out of this banking crisis while telling their top clients to bet against it. Conflict of interest (again). I strongly believe we are in a country run by the rich, plutonomy at its best. Good thing the majority can still vote.