Goldman Sachs

High frequency trading on Wall Street- and why it should worry us all

On the average day on Wall Street these days, more trades are executed than the sum total of trades in 1960. Sure, technology has made trading easier- but, as far as I know- the rules of investing haven’t changed that much. Investing is supposed to be how you make money on Wall Street- that’s why Read More

How your tax dollars are going to help the rich bastards that got us into this mess

The “banking bailout” is turning into just one more example of corporate welfare. In fact, the bill presented to Congress is almost terrifying in its scope and lack of oversight, giving the treasury secretary an open checkbook to buy assets from companies that have no right to still be in business. Read this post in Read More