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Goldman Said to Shutter Prop Trading Desk - NYTimes.com

Goldman Sachs is closing its Principal Strategies group, which trades using the firm's own money, Bloomberg News reported Friday.

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It's Confirmed: Goldman Is Disbanding Prop Trading Unit "Principal ...

All of them, 65-70 traders, have to find new jobs. Rumor is they're going to a new firm.

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Matthew Yglesias » Trading Places

4 Responses to “Trading Places”. Paulie Carbone says: September 3rd, 2010 at 12:22 pm. But during the course of the recession, American productivity has surged. Productivity is just output divided by hours worker. ...

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