Apparently everyone is getting all pissy just because the vampire squid apparently routinely creates securities, sells them to institutional investors, then bets against them. The concern is about something called “ethics”, a word Goldmanites probably have to look up to discern its meaning. Another concern, of course, is something called “fraud.”
Reggie Middleton explores this and more at Zero Hedge, pondering how Goldman could collapse from all this. Hey, will we see BPO and Goldman Sachs crater at the same time? Will anyone mourn their demise?