Is Goldman frontrunning? Is it straight ponzi? Fair to assume they cheat?
Posted: Wed Aug 05, 2009 10:52 am
With results like these...ie never losing on their trades....something's rotten in the state of Denmark...fuck these assholes and the bullshit "government" they run.
http://www.zerohedge.com/article/goldmans-42-100mm-trading-days-q2-absolute-unprecedented-record-just-two-days-trading-lossesGoldman reported their $100MM+ trading days. It is a stunner: Goldman made over $100 million on 46 out of the 65 total trading days in Q2, 70% of total. Goldman made over $50 million on 58 of the 65 total trading days in Q2, 89.2% of total.
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Wow. But surely this phenomenal improvement in daily P&L generation came as a result of the firm taking on more risk? Why, no Virginia- Goldman's VaR at the end of Q2 was lower than the end of Q1.