What’s Goldman Up to NOW? “Certainly, our industry is responsible for things. We’re a leader in our industry, and we participated in things that were clearly wrong and we have reasons to regret and apologize for.” –Lloyd Blankfein, Goldman Sachs chairman and chief executive (Nov. 17, 2009) It is widely and correctly understood that Wall...Read More
FIFO, LIFO & LILO “Where is the money [created by the U.S.] going? Where the problem’s going to be: Asia. You can see asset prices going up, not only in Korea, in Taiwan, in Singapore and in Hong Kong, going up to levels that are incompatible or inconsistent with the economic fundamentals.” –Donald Tsang, Hong...Read More
