13 Apr '11, 2pm

#p2

3) Take whatever any big investment bank says with a huge grain of salt. during the latest global meltdown caused by their derivatives monster these investment banks were privately betting their own CDO products were going to fail while publicly flogging them as AAA investments. They knew they were garbage, they actively bet against them…but said nothing about it to their own clients who were buy them from them. In congressional testimony later they were asked if they felt any duty to tell their clients that what they said publicly about their own products they didn’t believe privately and actually bet big money against them…and all said they didn’t think they needed to tell clients this. So who knows what Goldman is really thinking about oil or where they are putting their own money relative to their public pronouncements. Buyer beware.

Full article: http://climateprogress.org/2011/04/13/goldman-sachs-specu...

Tweets

Animals whose bodies are recovered in a die-off...

switchboard.nrdc.org 13 Apr '11, 3pm

A year ago, BP’s Deepwater Horizon rig exploded in the Gulf of Mexico, leaving 11 people dead, 1,053 miles of shoreline oi...

How Much Money Can You Save By Gardening?

treehugger.com 13 Apr '11, 12pm

During the next year, Kris and I plan to track all of our work and expenses in the yard. I'm not going to tabulate how lon...

Goldman Environmental Prize winners give the rest of us a kick in the pants

Goldman Environmental Prize winners give the re...

grist.org 13 Apr '11, 7pm

It’s like the Oscars for the Patagonia set. Every April, just before Earth Day, San Francisco’s environmental community co...

Industry analysis says future is brighter for urban retail than for suburban

Industry analysis says future is brighter for u...

switchboard.nrdc.org 13 Apr '11, 1pm

In an analysis posted on the National Real Estate Investor web site, David Lynn concludes that patterns of land use in the...