Goldman Sachs..

Much coverage have been given on the grilling on Goldman Sachs on their short positions in the U.S. There is so much anger in the air, so many people looking for people to blame for their losses.

I for one, do not think Goldman Sachs is to blame. I think if you designed a security deliberately to fail and sell it to investors under a different impression, then yes, you are clearly at wrong. But taking short positions and later profiting from bets against their own securities and the US economy? I personally don't see a problem with that.  Economies change all the time, reasons to go long and short changes all the time. To profit from the economic downturn is not a crime; to knowingly and willingly sabotage the economy to gain that profit is.

It looks like a witch hunt, if you ask me. Angry citizens demand a witch to be burned and the government look to who profited the most and burn them. With the exception of that one employee that was charged, the rest of goldman sachs doesn't seem like they've done anything wrong.

It seems more like politicians are trying to appease the masses by having a witch hunt.

Logging off,
Lawy3rz