Archive for May, 2010

The Goldman Sachs Circus

Bloomberg reports that after a brutal grilling by the US congressional committee on allegations of fraud, the investment bank seemed to walk away with an increased market value of over $500m! Talk about the adage of “there’s no such thing as bad press.” In fact, Goldman Sachs was alone “among 79 stocks of the Standard [...]

Looking at China’s Attempt to Control Oil

China has been flexing its muscles to control almost all major strategic resources of the world. And it is definitely eyeing to gain the upper hand in dominating the oil market. It is an undeniable fact that oil has been a major catalyst in the ongoing financial crisis. Using its massive foreign exchange reserves, China [...]