Cry me a river.
BOHICA America, here comes the bailout, GS has too many friends in government.
Oh for crying out loud, those leeches made their own bed, they can lie in it.
How much of Goldman Sachs’ problems are from a change in perception of what having “friends in government” means. It used to mean that you paid GS more, but then investments would go smoothly becuase of GS’s friends in government would help both GS and its customers. Does it now mean that the GS customer is likely to get screwed for the benefit of GS because those same friends in government that GS has cultivated (including rotating GS execs through the Department of Treasury) will support GS over anyone else?