Monday, March 26, 2012

How Goldman Sachs Turned an Analyst into a Chicken Farmer

The deposition of Marc Cohodes has been released in relation to a lawsuit by against Morgan Stanley.

Cohodes was a analyst/manager at the infamous short-selling hedge fund Rocker Partners/Copper River Partners. The firm closed down after a series of in house margin calls made by Goldman Sachs against Copper River. In the testimony, Cohodes call Goldman a criminal outfit and more.

This is real inside baseball, but if you want to get a major league insight into how hedge funds, short-selling and Goldman Sachs work, read the entire transcript. It is fascinating. The transcript is here.

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