Now raising intellectual capital
I’ve had some requests from readers about how to locate a complete list of Goldman Sachs’ subsidiaries, following my column about a little-known Goldman subsidiary called Archon Group. My aim is please so here’s a copy of a recent Commonwealth Annuity and Life Insurance filing that contains the entire Goldman treasure chest of subsidiaries. The hunt starts on page 257 and runs through page 310. Enjoy.
Sure, the bulls will say that with fewer competitors and with the Federal Reserve keeping bank borrowing costs near zero, Goldman’s traders should be able to print money. But here’s the thing: The post-federal bailout version of Goldman is as much of an investing riddle as the pre-crisis Goldman that many critics called a giant hedge fund or an inscrutable black box.