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Thursday, January 14, 2010

Goldman E-Mail Lays Bare Trading Conflicts - DealBook Blog - NYTimes.com

In an e-mail message to select clients, Thomas C. Mazarakis, the head of Goldman’s fundamental strategies group, acknowledged that his unit often provided investment ideas that the firm had already traded on. Sometimes Goldman has even taken the opposite approach, betting against particular instruments that the group has recommended.

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