Commentaries

Stop writing about the poor rich folk

September 10, 2009

Kudos to David Cay Johnston who does a great job in The Audit taking apart The Wall Street Journal and The New York Times for their recent sob stories about how the rich are so much poorer these days.

Shock! Goldman favours big clients

August 24, 2009

Susanne Craig uses 2,200 words in today’s Wall Street Journal that state┬áthe obvious: Goldman Sachs treats big clients better than small ones.

Tax Goldman

July 15, 2009

Goldman Sachs is entitled to make as much money as it wants from proprietary trading–that is trading stocks, bonds, currencies and bonds for its own account. But as long as Goldman benefits from bonds it sold with a government guarantee, it should pay an extra tax on those prop trading gains.