Absolute Perfection: Goldman Loses Money On Just One Trading Day In Q3
This really needs to stop, it will incinerate public confidence in markets. As US citizens we generally agree to markets as mechanisms for capital growth, but this kind of stuff will send folks off the edge.
As someone who is taking real business risk, this perversion of the risk/reward tradeoff is making me lose my shit.
I don’t care if you make money, but make it off your own balance sheet, not the governments.
For more intelligent color on this issue, read Andy Kessler’s latest.
