[lbo-talk] Gasoline price manipulation?
Marvin Gandall
marvgandall at videotron.ca
Sat Oct 7 08:22:38 PDT 2006
Who knows? Goldman Sachs was a) either speculating that energy prices would
fall because of geopolitical, cyclical, and seasonal reasons or b) it
genuinely fears the Democrats more than the Republicans. I'm inclined to
think the big investment houses and corporations have had enough experience
with both former GS chair Bob Rubin and former GS chair Hank Paulson to feel
comfortable with either - as well as with Nancy Pelosi and Harry Reid. Wall
Street typically leans to the Republicans because the Democratic base is
potentially more hostile to business, but I doubt this latent concern is
such that it would cause investment decisions to be influenced by anything
other than the outlook on the markets. Those who think the relationship
between Wall Street and the Democrats is more antagonistic probably believe
otherwise.
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