Firms like Goldman and others have large proprietary positions that can never, in my opinion, be divorced from providing liquidity for customers.

6 comments on “Firms like Goldman and others have large proprietary positions that can never, in my opinion, be divorced from providing liquidity for customers.
  1. Happy Dick says:

    we ALL have to leave the big banks … think Atlas Shrugged … otherwise they will continue the harvesting of moneys. Demand your fiat from them and switch to property, essentials, and PMs

  2. AJ says:

    Nice to see more and more of these people jumping ship. The top executives at GS should be sentenced to hard labor, their fortunes used to provide restitution to those who were swindled, and the company should be dissolved. And of course, we need to reinstate Glas-Steagall. But we shouldn’t stop at Goldman Schs. Lots of fish to fry on Wall Street.

  3. williambanzai7 says:

    The industry is in survival/denial mode. They know the good old days are gone and no one wants to get off the bus because they are trapped. They will only get off if the bus crashes or they are pushed.

    There is no rational justification for the cine of the financialized economy of circulatory, to be distinguished from productive, capital.

  4. Apocalypto says:

    I like hearing what these people have to say but I’m cynical about their motives. Smith stays for 12 years and now Zehner with 14 years. They were certainly there for a long time (longer than I – and probably most people – have ever stayed at any one company, anyway.) It was reported that at least Smith was passed over for a bonus. Just sayin’

    That said, it’s when the rats starting eating the other rats that you know things are getting really tough out there. The show is enjoyable.

  5. flicks says:

    Take two :

    http://www.jackizehner.com/2012/03/16/why-i-left-goldman-sachs-version-two/

    More please, help to stop us all being fucked over.
    ————-

    http://www.dailymail.co.uk/news/article-2117389/TV-licence-cheats-make-TENTH-magistrate-court-cases.html

    Well they have to pay Paxman, Lineker, Clarkson ……. etc etc

  6. Flopot says:

    No need to panic…

    “Goldman, for its part, has since vowed to review internal conflict-of-interest rules that are meant to ensure that its dealmakers don’t hoodwink their clients.”

    They have vowed to review! So that’s that sorted.

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