Does Goldman Sachs play fair with clients?
Goldman Sachs (GS) has been the subject of a lot of criticism lately. Congress and the Administration have attacked it for its rich pay packages. Some experts worry that its trading practices are too aggressive. There have been a number of charges that it is too close to the New York Fed for the regulator to be objective.
The latest charge may be the most damning. In a special report, The Wall Street Journal says that "Goldman analysts offer stock tips at a gathering the firm calls a 'trading huddle.' But few of the thousands of clients who receive Goldman's written research reports ever hear about the recommendations."