WASHINGTON: The PR folks working for Big Oil have to be breathing a sigh of relief these days. All the populist outrage that is usually spewed at the Exxons and Halliburtons of the world is being redirected at Goldman Sachs – and its gleaming, glittering US$2.7bil second quarter profit amid the wreckage of the American financial system.
The specific charge is that Goldman is supposedly making big profits via risky trading activities financed, in effect, by Uncle Sam.
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