Comments on: Goldman Sachs history shows resignation naivete http://blogs.reuters.com/breakingviews/2012/03/19/goldman-sachs-history-shows-resignation-naivete/ Mon, 26 Sep 2016 03:26:00 +0000 hourly 1 http://wordpress.org/?v=4.2.5 By: GMavros http://blogs.reuters.com/breakingviews/2012/03/19/goldman-sachs-history-shows-resignation-naivete/comment-page-1/#comment-9013 Wed, 21 Mar 2012 06:03:43 +0000 http://blogs.reuters.com/breakingviews/?p=10161#comment-9013 Excellent & insightful article. GS & their likes are no different than casinos, where the house always wins.
Now what should we do ? Wall Street is banking on Romney winning the election, business as usual, lets all hit for Las Vegas and have a great time.

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By: Tseko http://blogs.reuters.com/breakingviews/2012/03/19/goldman-sachs-history-shows-resignation-naivete/comment-page-1/#comment-9009 Tue, 20 Mar 2012 18:12:00 +0000 http://blogs.reuters.com/breakingviews/?p=10161#comment-9009 If anything shows naivete, it is this post. Risk arb has nothing to do with prop trading in equities, and the statement about the demand of being a public company leading to diversification away from agency services makes no sense at all. The bottom line is that these firms arbitraged a broker dealer model (very little oversight and thin capitalization) into leveraged proprietary trading, where sharhelders absorbed the losses and employees received the returns. It is that simple.

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By: tmc http://blogs.reuters.com/breakingviews/2012/03/19/goldman-sachs-history-shows-resignation-naivete/comment-page-1/#comment-9008 Tue, 20 Mar 2012 14:41:14 +0000 http://blogs.reuters.com/breakingviews/?p=10161#comment-9008 I don’t agree with “For 143 years Goldman has tried to strike a balance”. GS went public in 1999. So for 140 years they tried to strike a balance. Then things changed. All accountability and responsibility was removed, along with morals, ethics, scruples and what have you…
I am a conservative capitalist at heart. But I think the way that we have structured the US economy is not in the spirit of capitalism. I do not believe it will survive the global changes that are occurring either. But I guess those at the top know that too. It’s just frustrating trying to figure out what their actual intent is.

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