Sunday, 23 May 2010

Goldman Sachs Hands Clients Losses in ‘Top Trades’

Goldman Sachs Group Inc. racked up trading profits for itself every day last quarter. Clients who followed the firm’s investment advice fared far worse.

Seven of the investment bank’s nine “recommended top trades for 2010” have been money losers for investors who adopted the New York-based firm’s advice, according to data compiled by Bloomberg from a Goldman Sachs research note sent yesterday. Clients who used the tips lost 14 percent buying the Polish zloty versus the Japanese yen, 9.4 percent buying Chinese stocks in Hong Kong and 9.8 percent trading the British pound against the New Zealand dollar.

As Max Keiser has pointed out repeatedly, the way Goldman Sachs wins on every trade is via fraud. Please listen to the radio clip below. It explains, in a very clear way, exactly how this is done [MUST SEE vid below]:

[Posted at the SpookyWeather blog, May 23rd, 2010.]

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