"Jefferies & Co. Inc., Goldman Sachs & Co., and Well Fargo Securities LLC will act as joint book-running managers for the offering, Inverness Medical said."
And what's the vigorish?
" Goldman Sachs Group Inc. set aside a record $11.4 billion for compensation for the first six months, up 33 percent from a year ago and enough to pay each worker $386,429, the company said last month."
Related: The Boston Globe's Golden Insults
So that's how they did it.
"Goldman faces credit-swap inquiry" by Bloomberg News | August 6, 2009
NEW YORK - Goldman Sachs Group, the most profitable trader of fixed-income securities in the United States, said it is cooperating with government inquiries related to the credit-default swaps market.
WTF? Government WORKS FOR these guys.
Just more s*** candy for the public, 'eh?
Goldman Sachs, which made more than $100 million in trading revenue on a record 46 separate days in the second quarter, did not provide further information. The bank is also cooperating with inquiries on compensation, the filing showed, without providing details.
The Justice Department confirmed last month that it was investigating the $27 trillion market for trading credit default swaps. Goldman Sachs is a shareholder in Markit, along with JPMorgan Chase & Co., Bank of America Corp., and Royal Bank of Scotland Group. Goldman Sachs reported record second-quarter earnings, with trading revenue at an all-time high....
But no details! WTF good are reporters and newspapers then.
Since the paper is a lying, divisive, agenda-pushing organ of propaganda and the truth can only be seen through an upside-down, inside-out prism the new philosophy is backward is forward. More explanations coming.
