Jan 25, 2010

TheStreet.com on Goldman Sachs: "as close to capitalism incarnate as any financial institution out there"

I have followed the investment banking industry for more than 10 years, and this company stands so far apart from its competition it is scary.

The much-repeated metaphor about Goldman from Rolling Stone magazine, that bank is "a great vampire squid wrapped around the face of humanity, relentlessly jamming its blood funnel into anything that smells like money," is actually right in a sense. Goldman may be as close to capitalism incarnate as any financial institution out there.

~ Dan Freed, "Goldman's Culture Sets It Apart," TheStreet.com, January 25, 2010

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