Friday 16 March 2012

Goldman Sachs again in news

An Ex Goldman Sachs employee Greg Simth Op-ed in NY Times


and Lloyd C. Blankfein's response on behalf of GS

Agree that GS may be among the least moral on wall street, where morality is a scarce commodity and seems like a truly illiquid asset, which is hard to value. But these "Muppets" i mean the wall street traders and employees do not realise how lucky they actually are to work for these institution, since their so called star performance owes a lot to institution like GS, MS, Barcap and DB etc. which being a market maker and having an excellent legacy provide them a tremendous advantage. If they have to trade for just an average firm, i am sure their achievement will be far less.


No comments:

Post a Comment