August 20, 2007 - Read how Goldman Sachs made a major boo-boo and crapped the bed with over $5 billion in losses for it's hedge-fund investors.

Ooops! Plus, they had to pump in another $3 billion to shore up one of their funds that lost 30% in ONE WEEK!!!

They said it "was not a rescue." Can you spell BS? (Hmmm... did your broker have you in this one? Better check your statements...)

Did you happen to notice how the hedge-fund mess started not too long after they made those risk-buckets available to smaller investors? How convenient... Also, you'll read about how the highly touted "quant" funds which remove emotion from the investment process have also had loose bowels lately. In other words... "THEY AIN'T WORKIN', SON!"

And then peek behind the scenes and see how analysts frequently change their recommendation about a company but DON'T CHANGE ANY OF THEIR EARNINGS ESTIMATES OR FINANCIAL PROJECTIONS!!

Why the change then, dudes? If your prediction for the company changed, why don't your financial projections change? Did you have a dream last night or something?

Click the title to read the original article. It will open in a new window.