By Nivine Richie
This video explains how Goldman Sachs made money back in 2010. Several financial issues are raised here:
1. What is the goal of the firm? What is the goal of an investment banking firm like Goldman Sachs?
2. What does it mean for Goldman Sachs to be a "hedge fund masquerading as a bank?"
3. Are investment banks like Goldman front-running their clients as indicated in this video?
4. Should Goldman trade securities that bet against their clients, or is this trading activity simply risk management?
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