Goldman Sachs, a corporation that shared the 2010 Ig Nobel economics prize, has shed some of its modesty about the innovations that earned that prize. Fortune magazine reports today: Goldman Sachs Finally Admits it Defrauded Investors During the Financial Crisis Goldman Sachs effectively admitted that it had knowingly misled investors to buy shoddy products. Investment banking giant […]
Tag: Goldman Sachs
Ig Nobel economics winner’s ups/downs
Some (though not all) Ig Nobel Prize winners achieve undebatable success. The 2010 Ig Nobel Prize in economics was awarded to the executives and directors of Goldman Sachs, AIG, Lehman Brothers, Bear Stearns, Merrill Lynch, and Magnetar for creating and promoting new ways to invest money — ways that maximize financial gain and minimize financial […]
The Big Bank Opera (video)
“The Big Bank Opera” premiered as a featured part of the 2009 Ig Nobel Prize ceremony. Here’s the entire mini-opera — Act 1, Act 2, Act 3 and Act 4 — each as a separate episode (#124-7) of the Improbable Research TV series. The video displayed below is Act 3, which is called “The Big […]