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Why Goldman Meeting Should Be a Cakewalk
May 24, 2012
[ by Melanie Gretchen ]
Goldman Sachs shareholder meeting will be a cakewalk - so says Money Game editor Sam Ro. Why, you may ask?
Sam Ro's response:
- Their CIO department didn't lose $2 billion (and counting) on a trading blunder like JP Morgan.
- They weren't the lead underwriter in Facebook's IPO flop <cough> Morgan Stanley <cough>.
- Has Goldman made the same types of trades the caused JPMorgan to report its multi-billion loss?
- Why didn't Goldman take the lead? Are the reports that large institutions may have had some additional unfavorable information about Facebook true? Why weren't individual investors informed?
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