Reply #3: yeah that's some risk management [View All]

[notesdev]

Goldman Sachs Super Secret Risk Management Plan:

- Buy off legislators, check
- Get execs appointed to key government positions, check
- Install computer system that allows you to front run submitted orders on the NYSE, check
- Pump own stock and issue equity, check
- Trade on insider information, check
- Use Treasury and Fed to force competitors and bondholders to toe line or be destroyed, check
- Get paid twice by the taxpayer on non-defaulted credit default swaps, check
- Make sure market manipulation computer program is secure, oops!!!