The plutocracy is so darn lucky with investing

[boutons_deux]

http://www.businessinsider.com/moodys-ceo-dumped-stock-sec-wells-notice-2010-5

[Winehole23]

May 10 (Bloomberg) -- Goldman Sachs Group Inc. (http://www.bloomberg.com/apps/quote?ticker=GS%3AUS)’s traders made money every single day of the first quarter, a feat the firm has never accomplished before.


Daily trading net revenue was $25 million or higher in all of the first quarter’s 63 trading days, New York-based Goldman Sachs reported in a filing (http://www.bloomberg.com/apps/quote?ticker=GS%3AUS) with the U.S. Securities and Exchange Commission today. The firm reaped more than $100 million on 35 of the days, or more than half the time.



Goldman Sachs, which is facing a fraud lawsuit from the SEC related to the sale of a mortgage-linked security in 2007, generated $9.74 billion in trading revenue in the first quarter, exceeding all of its Wall Street competitors. Trading accounted for 76 percent of first-quarter revenue. The lack of trading losses could add to the perception that Goldman Sachs has an unfair advantage in the markets, said one shareholder.
Lucky (http://www.bloomberg.com/apps/news?pid=20601087&sid=aHRgsfzJINXw&pos=6) bastards.

[DMX7]

Sadly, most of what Goldman Sachs is doing is not illegal. They're just exploiting a system they lobbied for.

[boutons_deux]

It could all be made illegal, or at least transparent, but Goldman owns enough of the Exec and legislative, and of course, the radical-activist-rightwing SCOTUS to prevent any serious legislation and reform