Wednesday, October 10, 2007

Were Friends of the Fed Tipped Off?

"It is no secret Goldman Sachs has plenty of friends in high places. It is no secret the company, as well as the rest of Wall Street, was on the ropes in August. ... By the end of August, Goldman reported its second best trading results ever. How much of their good fortune was the result of skill we'll leave to the reader's imagination", Kevin Duffy at, 9 October.

Is Duffy suggesting there was some "insider trading" in the Treasury bond market? Say it ain't so! How can anyone think that?

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