In his parting shot from Fortune Magazine and CNN Money, Colin Barr, Senior Writer, suggests Goldman Sachs may break-up. The reason: the giant squid is hemorrhaging money. Why are they losing money? We may never know but my best guess is they were earning it the old fashioned way: stealing.
See the video interview: HERE "Goldman Execs Will Skate"
Read his last report/blog on Goldman: HERE "Goldman's uphill buyback battle"
Mr. Barr says, " This is my last post for Fortune. After almost four years I am leaving to edit banks coverage at the Wall Street Journal. My thanks to the many people at Fortune and CNNMoney who made the blog happen, if you will -- and most of all, of course, to our readers."
Best of luck to Mr. Barr who counts himself among those that say Wall Street executives should go to prison for their misdeeds.
Help chop-up the Great Vampire Squid: Goldman Sachs. Sign the Petition: It's Time to Break-up Goldman Sachs Now.
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Chaz Valenza is writer and small business owner in New Jersey. He earned his MBA from New York University's Stern School of Business. His current feature film project is "Single Point Failure" an insider's account of how the Reagan Administration (more...)
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