Monday, April 26, 2010

"Need to decide if we want to do 1-3 (billion) of these trades for our book or engage customers,"

So said Goldman, in betting against Sub-prime in December, 2006.

"I'd say we definitely keep for ourselves. On (another), I'm open to sharing to the extent that it keeps these customers engaged with us."

(especially if we can front run their orders!)

So said Goldman.

"We don't bet against our clients."

So said Goldman.

"We just keep the good trades for ourselves!"

Doing God's work!


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