I am not a fan of Goldman and have not been for a long time. This feeling is based upon the fact that they have unfair access to the federal government. Too many ex-Goldman employees work in positions of influence in government and in particular positions that relate to Goldmans business. The $550 million fine indicates that the folks that thought Goldman was not completely terrific were in some way validated. Whats interesting to note is that many Goldman apologists have been silent with respect to this agreement. Goldman was, is, and will continue to be, in my mind, dirty. I short them at every opportunity when I feel it is prudent.
But Goldman makes money. Lots of it. Why short it just because you're emotional about management?
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