This article wrongfully states that investors are buying credit default swaps on Wall Street Banks to protect themselves.  Realistically most credit default swaps are used as a speculation tool similar to shorting.  The difference is that CDS markets have a lot less reliable liquidity and can easily be distorted by larger traders such as JP...Read More

He is exactly right.  Goldman turned into a trading firm where the focus is far too short term in nature.  They have really talented people but the model is more hedge fund oriented, as opposed to client focused.  John Pierpont Morgan is probably rolling in his grave at how things have changed. http://www.bloomberg.com/news/2012-03-15/goldman-s-change-in-culture-hurts-clients-greenberg-says.html INVESTING IN...Read More