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Well, the whole "muppet case" is about GS screwing its customers. Sure, it's not "taking both sides of the transaction" but it's still screwing investors as a

• lmm 9y ago
  There is no "muppet case"? The article just seems to be unsubstantiated allegations from someone who didn't get a promotion he wanted and is now trying to sell his book? The only substantiated thing in that article is the Abacus case which is quite different: the counterparty there was IKB, who are a sophisticated investment bank, a million miles away from "one of these philanthropies or endowments or teachers' retirement pension funds in Alabama or Virginia or Oregon". They didn't get screwed, they bet on the US housing market and lost.
  • dmichulke 9y ago
    Oh, you're correct. I read some sarcastic financial blogs and let's just say the "muppet" theme there is recurring when it comes to the "squid" :)