It’s not often that a pundit columnist, who is most known for his comedic game show on cable, and random cameo roles in movies commands so much respect in the realm of economics, but that just means that there’s only one Ben Stein . . . This opinion piece in the New York Times calls into question why Goldman Sachs came out of the most recent quarter so squeaky clean, especially by short selling the very structured products that it was underwriting and selling to investors. . . . . .
Now in an unusual twist, one of Goldman’s high ups may be called to answer for their behavior owing to his post as Secretary of Treasury of the United States! Senator Christopher Dodd is calling on the SecTreas to explain the trading strategies that he presided over for 6 years prior to joining the US Government. It is always ominous when someone as gifted as Ben Stein starts drawing historical parallels to past Wall Street scandals. . . .
I guess sometimes, even when you win, you lose . . .
