If you love to read about the ways that this market we play in could be manipulated, you will love Philstockworld.com.  The site is terrific and filled with insight.  Great for option traders looking for plays.

Phil lays out the details behind the Goldman / Government / CIT rescue earlier in the year.  This gave Goldman a tidy profit, placed the burden on the taxpayer, and set Goldman up to replace the job that CIT provided by cherry picking clients who are worthy of lending to.

Surely you say, Goldman Sachs would never screw the government and US Taxpayers out of $2.3Bn “just” to make $1Bn for themselves?  Of course they wouldn’t…

Goldman Sachs

read all about it via Monday Market Manipulation – Goldman’s CIT Bonanza | Phil’s Stock World.

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