Eugene David
...The One-Minute Pundit

Wednesday, August 05, 2009


SQUIB OF THE DAY FROM SEEKING ALPHA:

12:03 PM Goldman Sachs (GS +0.6%) faces two 'major' competitive threats, analyst Dick Bove says in a note this morning. One is the rise of powerful investment banking firms in China. The other is the ability to trade freely in the U.S.

Keep paying yourselves those zillion-dollar bonuses in a Monopoly mode and you might not trade in the U. S. PERIOD. [Link via Henry Honest]

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