Goldman Profits from the Downturn

For Goldman Sachs, a slow recovery and dysfunctional bank bailout programs mean bigger profits

Goldman Sachs appears to be in an odd yet enviable position. The firm, of which shares have nearly doubled since March, will collect its biggest profit if the economic recovery drags on and federal rescue programs stumble. Because many economists forecast those scenarios, Goldman is "well positioned to capitalize on this new world," said David J. Winters, manager of the Wintergreen fund.

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