Tuesday, May 30, 2017

KNOW-IT-ALL

Because it was the right thing to do...this BLOG wanted Goldman Sachs to stay away from Venezuelan bonds. Because it was a socialist toilet...the proposed $2.8 billion bond-buy was foolhardy. Yet...the wizards at Goldman Sachs listened to the WARNING...chuckled...and...proceeded to commit $2.8 billion. Nowadays...with their bond-package almost worthless...many member of the board of directors of Goldman are asking "why" was that WARNING not heeded...along with..."who" was the know-it-all who elected to ignore an OBVIOUS pitfall.

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