god's workerGod’s workers at the Vampire Squid endured a PR nightmare last year after a former director wrote an op-ed in the NYT claiming that Goldman routinely traded against their own clients, and referred to their clients internally as muppets.
While Muppet-Gate has passed for Goldman, it appears that the business of intentionally fleecing clients continues as usual, as Goldman issued its clients Monday a recommendation to sell positions in Heinz (HNZ) on risk of continued top line disappointment, which today (only 3 days later) was acquired by Warren Buffett’s Berkshire at a 20% premium to the last share price

God’s worker indeed.

 

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H/t to our friends at ZH for uncovering Goldman’s sell rec on HNZ, issued Feb 10th:

gs hnz

 

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  1. You can bet that Goldman was on the Buy side of those client sell orders!!! And if confronted, Blankfein will just say that “we’re a market maker” we had to take the Buy side to maintain an “efficient” market. He’s nothing but a crook!!!!!!!

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