but he is highly respected and it might not necessarily be important to be loved by your employees as long as they respect yours so overall the choice was to be expected so he will take over or first on top of it goldman also had their quarterly numbers that came in better than expected still the stock of goldman traded slightly to the downside a solomon the part time a d.j. that s how we can find the right mix for goldman sachs thank you very much yes quarter of wall street. china is taking measures to diversify its sources of soybean imports to buffer the effects of trade tensions with the u.s. now make no mistake this being is a big deal the u.s. normally exports a massive fourteen billion dollars worth of soybeans to china every year china s imports of the being from brazil surged to a record high in may also beijing is waiving tiresome soybeans from india and south korea the measures aimed at mitigating the effects of tariffs imposed by china on
long. they became countless bore hrow and it was you that lost wealth when the housing market went belly up to the sound of money for goldman sachs. is it goldman s thought they identified the fraud at the heart of the housing market and then bet on its collapse with leverage or simply doing their job? and these just the opening exhibits from the guidance we re now getting. you can expect some true law and order style surprises all of which may convict goldman in the court of public opinion but leaves the question of whether goldman truly committed securities fraud up to a civil jury and what evidence makes crystal clear, however, is the need for a wide ranging government investigation. phone calls and e-mails between goldman sachs, aig, and our government officials like hank paulson. we want to see every single last one of them. because it is clear that we cannot take what goldman claims
not fair. it s a testament to how wall street changed into a trader culture. goldman went from investment banking to a trading firm and it sheds light on that. a pleasure. good luck with the book. congratulations on the book. we look at tomorrow s big showdown in washington on goldman. there s word of a deal late today on derivative reform to maybe get us some real transparency in that marketplace. senate banking chairman chris dodd and senate agriculture chair blanche lincoln agreed on a plan that would be folded into the democrats final finance reform bill. lincoln s original crackdown is a bright spot in reform efforts so far calling for transparency, capital requirements and even separation between commercial banking and derivative or swap speculation of the like that s described in the goldman sachs