Business Blog: Hoover’s Business Insight Zone

If you want more background on why Goldman Sachs is as “cool as the other side of the pillow” despite the current market turmoil, check out this detailed piece from Bloomberg:

Goldman Record Year Shows New Wall Street in Shakeout

Somewhere in the wreckage of securities backed by subprime mortgages and the resulting seizure in the credit markets, is a new paradigm on Wall Street where Goldman Sachs Group Inc., increasingly perceived as the world’s biggest hedge fund, will report record earnings for 2007. [...]

Goldman may be the most prominent example of the transformation of the securities firm that behaves more like a hedge fund. [...]

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