Tuesday, October 16, 2007

About Goldman's blowout quarter

As Goldman's official 10Q filing has come to light, some started to rise questions about its spectacular third quarter earnings.

The focus is on the $2.6b unrealized level 3 trading gains Goldman booked for the quarter, a category that has been called "mark-to-make-believe" by some analysts.

So does Goldman really stand head and shoulders above its peers? Only time will tell.