Goldman Sachs, Illegal Market Manipulation, Short Squeezes

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Goldman Sachs, Illegal Market Manipulation, Short Squeezes

Goldman Sachs, Illegal Market Manipulation, and Short Squeezes via TheLongShortTrader

In 2011, the U.S. Senate Permanent Subcommittee on Investigations said Salem and other Goldman Sachs Group Inc (NYSE:GS) traders tried to manipulate prices of derivatives linked to subprime home loans in 2007 for their own benefit. The subcommittee’s assertions were based in part on Salem’s self-evaluation, in which he wrote “we began to encourage the squeeze with plans of getting very short again after the short squeeze caused capitulation of these shorts.”

ADW Capital’s 2020 letter: Long CDON, the future Amazon of the Nordics

Investing Greenhaven Road CapitalADW Capital Partners was up 119.2% for 2020, compared to a 13.77% gain for the S&P 500, an 11.17% increase for the Russell 2000, and an 8.62% return for the Russell 2000 Value Index. The fund reports an annualized return of 24.63% since its inception in 2005. Q4 2020 hedge fund letters, conferences and more Read More


Goldman Sachs Group Inc (NYSE:GS) denied any attempted manipulation.

“The translation of that sentence is, you know — is very different than it was, at times, made out to be,” Salem said at the hearing. “There’s no wrongdoing in that sentence.”

from: bloomberg.com

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