Smells like JPMorgan’s London Whale.
Neil Barofsky on Goldman’s secret trading team.
Jan. 8 (Bloomberg) — Neil Barofsky, former special inspector for the U.S. Treasury’s Troubled Asset Relief Program, talks about a secretive Goldman Sachs unit called Multi-Strategy Investing that wagers about $1 billion of the firm’s own funds on the stocks and bonds of companies.
Here’s the story. It’s worth reading in full.
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