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Real evidence that Goldman Sachs runs the world central banks

There are far too many former Goldman Sachs employees in the central banking and public policy world, a fact that’s long been a punchline in markets. Until now, there has never been any evidence they manipulated institutions in Goldman’s favor.
We only have one side for now but this story should spark a serious probe:
A former employee has sued the Federal Reserve Bank of New York, saying she was wrongfully terminated because she refused to change the results of her investigation into the bankin…
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Singapore tycoon sues Goldman Sachs over his currency trading losses

Singapore tycoon Oei Hong Leong is suing Goldman Sachs International over losses he made trading currencies.
He claims claimed Goldman Sachs International misled him into making currency trades that ended up costing him more than ¥3 billion (SGD 38 million)
  • The trades were in yen against the Brazilian real
  • Instigated a short yen / long real on May 15
  • By June 13 he’d met 6 margin calls to top us his account
  • Closed out of the trades in June 17 with the loss
Mr. Oei’s court document said he had relied …
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CriticalSection avatar

Only 6 MCs? Brazilian Real anchored to the USD? o.O oh my...
I guess 'Due Diligence' and 'Managed Risk' are the names of hits on the Sony Playstation :/
Schmuck client with spare 38 million singaporean bucks and no independent financial counsel creating bumper bonuses for old Lloyd meanwhile giving regulators ammo with which to tighten more screws.
Litigation proceedings should be interesting.

Good post!

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