Relevant:
- Goldman Sachs's Profit and Revenue Fell in Quarter (REGULATION, FIXED-INCOME DIE-OFF, MORTGAGE SETTLEMENTS, OH MY!)
- Goldman Made Between $11 And $16 Billion In 2009 Trading CDS And Other Derivatives
- Donald Trump Has a Goldman Sachs Problem: Derivatives
- Stocks Trade Lower as Goldman Sachs Slides After Missing Earnings Forecasts
- Banks Lose $836 Million in First Annual Loss in Derivatives
2010-08-07 — creditwritedowns.com
"No wonder Goldman has resisted derivatives regulation so fiercely. A huge percentage of the firm’s revenue comes from these activities (hat tip R.W.). The Wall Street Journal is reporting that as much as a third of the firm’s revenue came from derivatives last year."
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Comments:
catherine at 09:55 2010-08-08 said:
UNTIL YOU HEAR POLITICIANS TALK ABOUT PUTTING GLASS-STEAGALL BACK ON THE BOOKS....................then of course Goldman and their buddies are going to continue to securitize everything FOR A PROFIT.............. Permalinkadd a comment | go to forum thread
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