http://www.timesonline.co.uk/tol/news/world/us_and_americas/article6907681.ece
interesting article on this IB and how it seem to control government.
a couple of things caught my attention in this article.
1."Goldman trades securities for big firms and pension funds. It also acts as adviser to many of the companies whose securities it trades. This means the firm has a view on what everyone in the market is doing. Say an investor approaches Goldman and says it wants to buy into the oil market. Goldman can offer an accurate view of what is likely to happen in that market because it knows what its own corporate energy clients are doing on its advice and what other big investors are trading. This also means the bank can do well on its own oil trades"
if thats how they operating then their traders dont even have to be the geniuses they claim to be, then anyone else of normal intelligence can do what they do withit all this knowledge beforehand.
2. "Strict "Chinese walls" between traders and advisers prevent any conflicts of interest"
who polices this, does the SEC make sure this doesnt happen.
im not surprised these guys make billions while everyone else is struggling.
Question-
How much money is the typical trader at an IB like Goldman given to play around with in the markets as capital ?.
interesting article on this IB and how it seem to control government.
a couple of things caught my attention in this article.
1."Goldman trades securities for big firms and pension funds. It also acts as adviser to many of the companies whose securities it trades. This means the firm has a view on what everyone in the market is doing. Say an investor approaches Goldman and says it wants to buy into the oil market. Goldman can offer an accurate view of what is likely to happen in that market because it knows what its own corporate energy clients are doing on its advice and what other big investors are trading. This also means the bank can do well on its own oil trades"
if thats how they operating then their traders dont even have to be the geniuses they claim to be, then anyone else of normal intelligence can do what they do withit all this knowledge beforehand.
2. "Strict "Chinese walls" between traders and advisers prevent any conflicts of interest"
who polices this, does the SEC make sure this doesnt happen.
im not surprised these guys make billions while everyone else is struggling.
Question-
How much money is the typical trader at an IB like Goldman given to play around with in the markets as capital ?.
