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marmar Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Apr-20-10 12:44 PM
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The Real Looters
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from the NY Times:

Goldman Tops Forecast, With $3.46 Billion in Earnings

Published: April 20, 2010

On Wall Street, the numbers usually speak for themselves.

But for Goldman Sachs, even a blockbuster earnings report on Tuesday failed to shift attention away from the fraud accusations leveled last week by the Securities and Exchange Commission.

Despite earning nearly twice as much as it made in the first quarter of 2009, Goldman Sachs executives found themselves mostly answering questions about the S.E.C. suit rather than the admittedly stellar results, which easily surpassed expectations.

Indeed, Goldman shares dropped after the report.

Goldman was well prepared for the questions, taking the unusual step of having its general counsel, Gregory K. Palm, alongside its chief financial officer, David A. Viniar, for the early morning conference call that followed the earnings announcement. .........(more)

The complete piece is at:

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