Goldman Sachs announces first perfect, no loss from trading, quarter.
Goldman Sachs Group Inc.’s traders made money every single day of the first quarter, a feat the firm has never accomplished before.
And isn’t possible without cheating the system.
Someone got greedy and it couldn’t have come at a worse time for Goldman Sachs.
Hard to tell from the article if that’s a true no-individual-trade-lost-money claim or a statistical anamoly – the company posted an average daily profit for the entire quarter. The first would be highly suspicious at best (as you mentioned) and, in the current political environment, making a big deal about even the second possibility doesn’t seem all that bright. Assuming this is actually an example of the latter, there must have been a series of really exciting phone conversations within the G-S management hierarchy yesterday. 🙂
Bernie Madoff is trading from his prison cell? And working for G-S?