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HN posters supported GS because the article is ridiculous, not because GS is a well beloved institution. It showed no evidence of a scam, in fact no evidence of
by rjtavares 14y ago
HN posters supported GS because the article is ridiculous, not because GS is a well beloved institution. It showed no evidence of a scam, in fact no evidence of wrong-doing by GS, and the correction posted to the article make it sound like the journalist had no idea what was done and just declared a scam because the public loves shady banking stories.
- bitcartel 14y agoGS set a price target on Apple of $760 within 12 months, indicating to clients that Apple's share price will rise. Yet at the same time GS themselves dispose of convertible bonds which are about to convert into Apple shares. Does it sound like GS really believes in its own advice to clients?