Joan McCullough of East Shore Partners notes the WSJ story today by Susanne Craig on Goldman Sachs (GS) new offices at 200 West Street in lower Manhattan.
“While I have never viewed turning a buck as a Class A felony, unfortunately some obviously do. [�],” writes McCullough. “And it�s again quite clear that the prevailing M.O. is to support privatized profits and socialized losses … for which the masses are paying with more than money [..] So did Goldie opt to have a low profile? Au contraire. They opted instead, to have a shvitz,” referring to work-outs at the 54,000 square-foot gym in the new facility.
Her conclusion: “Goldie” should have invited regulators over to have a shvitz at the new gym.
Goldman shares are now down 21 points at $163.59.
No comments:
Post a Comment