Sunday, May 16, 2010

Goldman Sachs Shuts Down A Prop Desk….

· GS – the WSJ says “Goldman bets contrasted w/clients’” citing documents released by a senate
panel; the firm is already under criticism for apparently taking positions on mortgage securities that
ran counter to their clients, but the Journal says this behavior occurred in other markets, inc. stocks –
· GS – Goldman has shuttered one of its proprietary trading desks – the firm has shut down a
prop desk that played in the CLO market – CNBC

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