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 [...]

Naughtiness or Incompetence?

There is a very unpleasant ripple which is in danger of growing and engulfing the banking-world. One has already seen the first stirrings of Madame Défarge-like blood-lust being directed at the “evil” bankers. It may be a surprise to many but the “post-meltdown” banking boards still bear a uncanny resemblance to the pre-meltdown ones. Little [...]