30/11/2009
22/11/2009
'Goldman staffers are also trained to "brain pick" contacts and clients harder than the other guy. "You ask what's their best trade. How do they see the market," says one. "You offer something in return, but you always come back with something. Then you feed it to colleagues who go to work trying to use the information to make money." Other banks do not get such good information, and what information individual bankers do get, they tend not to share because they regard it as power they can use to benefit individually.'
(From John Arlidge's article on Goldman Sachs in the Australian this weekend)
Hmmm, it's sort of to socialism what J. Temperance's dog-baby is to a normal dog...
(From John Arlidge's article on Goldman Sachs in the Australian this weekend)
Hmmm, it's sort of to socialism what J. Temperance's dog-baby is to a normal dog...
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