[quote=patb][quote=UCGal]Back to the original topic…
I’m watching the GS Senate hearings right now. I don’t know who looks more ridiculous – politicians trying to seem outraged that GS isn’t a charitable institution (see McCain’s last few questions.) Or Goldman acting like they’re a victim. Truly amazing to watch from an entertainment point of view.[/quote]
This is what’s called fatal brand damage.
When Goldman wants to sell a CDO, who wants to buy it?
when Goldman wants to buy a Default Swap who wants to sell it to them.
When you think Goldman has rigged the tables, who wants to sit down with them?[/quote]
Lead underwriters of IPO’s and M&A…It’s not their only business you know…Especially IF the financial markets (ever turn around) and co’s feel like starting to gobble up other institutions. I’d say their M&A departments are non-insignificant.
These institutions really don’t work like others. I’d say they wouldn’t give a flying f* what main street thinks about them if Congress wasn’t creating so much flack for them.
