One of the outcomes of the last two years worth of financial news is this: You would have to be eight kinds of a fool in order, now, to become a client of Goldman Sachs. They might as well have to read you the financial equivalent of the Miranda Rights, for any information you provide them will be used against you.
Their clients are beginning to figure this out. Doing business with Goldman Sachs is like riding the back of a great white shark-- you might have the ride of your life. Or you might get eaten alive.
Wednesday, May 19, 2010
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