Why don't we hear more about this?

This is from Bloomberg…..

Goldman Sachs Group Inc., Merrill Lynch & Co. and Morgan Stanley, which earned a record $24.5 billion in 2006, suddenly have become so speculative that their own traders are valuing the three biggest securities firms as barely more creditworthy than junk bonds.

I don’t know why people aren’t making a bigger deal out of this. There was a small post in Calculated Risk and Noriel Roubin included it in one of his doom and gloom lists. But in general, the story seems to have been ignored.

Personally, I would like to know what those traders know that I don’t know……..

One Response to “Why don't we hear more about this?”

  1. […] _uacct = “UA-1202685-1”; urchinTracker(); Map of the Ethereal Land The Ethereal Voice Front Page – Politics – Money – Knowledge – Art – Food – Fun Masthead About Why don’t we hear more about this? By Ape Man | March 8, 2007 – 7:05 pm Posted in Category: Money This is from Bloomberg….. Goldman Sachs Group Inc., Merrill Lynch & Co. and Morgan Stanley, which earned a record $24.5 billion in 2006, suddenly have become so speculative that their own traders are valuing the three biggest securities firms as barely more creditworthy than junk bonds. I don’t know why people aren’t making a bigger deal out Click Here to continue reading. […]

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