This is news? Go look at Goldman Sachs’ history and they have been involved some of the ugliest financial crises in the last 100 years. Remember, it was Goldman Sachs’ selling of stocks on margins that was a major reason we had the 1929 stock market crash.
‘This is news? Go look at Goldman Sachs’ history and they have been involved some of the ugliest financial crises in the last 100 years.’
I hear ya.. you ain’t the only asking questions.
Karma at play? ;-]
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Is Goldman Sachs too big to fail?- NYTimes
http://finance.yahoo.com/news/Is-Goldman-Sachs-Too-Big-to-nytimes-1991293213.html
Simon Johnson, the former chief economist at the International Monetary Fund, is the co-author of “13 Bankers.”
If Goldman Sachs were to hit a hypothetical financial rock, would it be allowed to fail — to go bankrupt as did Lehman — or would it and its creditors be bailed out?
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Cast your vote.