Did anyone catch the story in the NYT about how Goldman Sachs created these CD packages and sold them to investors, and then short sold the same CDOs, essentially betting that they investment vehicles they created and sold to their clients would fail? Not only did they do that, but they kept most of the hedge investments to themselves and did not share them with clients. I don't have the NYT article link offhand, I'll post it if I find it.
It sounds to me like the tactics of a two-bit shyster. It is totally unethical and should be illegal. I could see major lawsuits based on Goldman's fiduciary duty to their clients. ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~| Want to reach the ColdFusion community with something they want? Let them know on the House of Fusion mailing lists Archive: http://www.houseoffusion.com/groups/cf-community/message.cfm/messageid:309804 Subscription: http://www.houseoffusion.com/groups/cf-community/subscribe.cfm Unsubscribe: http://www.houseoffusion.com/cf_lists/unsubscribe.cfm?user=89.70.5
