Remember the infamous slip of tongue by Goldman’s CEO Lloyd Blankfine that Goldman is doing “God’s work?” This PBS report sheds some light on that “God’s work.” You will know what front-running is. Pay particular attention to what former insider Nomi Prins and hedge fund manager Jeff Macky are saying. I agree with Jeff’s defense of Goldman – however, Goldman Sachs is still a sleazy company.
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I am a professor by trade and 100% pure Gongura Gulute by birth. I believe in “survival of the fittest” mantra, but my philosophy is to “live and let live.” Therefore, I am at neither extremes of the political spectrum. I am an independent and I love it that way.