21 April 2010

This Week on Bear radio: The case against Goldman Sachs

In this episode, the Optimistic Bear and Elliott examine both the moral, and legal, cases against Goldman Sachs. A perusal through Goldman’s past shows that they routinely wind up with egg on their face every time the economy goes south. The Optimistic Bear tells about how this is all reminiscent of the trouble Drexel Burnham Lambert and Michael Milken wound up in when the junk bond market tanked in the early ‘90s.

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