Some serious crystal balls on this one.
If he had, I don’t think he would’ve made the following prediction, or the even insanely ballsier one that some GS employees will leave the firm to start hedge funds.
“This is a prediction that is going to come back and haunt me, but I think that Goldman Sachs is doomed. I don’t think that in its current form it can survive. We could be looking at four to five years, but the proprietary activities will split off, those people will end up in their own hedge fund – that is if new regulation doesn’t forbid it anyway.” The PR problems, Lewis thinks, will just be insurmountable. “Their relationships with customers on every front are poisoned, and they can’t function as an investment consultant if they have this problem of honesty.”
The Scrooge of Wall Street who says we should blame Americans [CityAM via BI]
This fuckin’ guy.
.
If financial innovation is outlawed, only outlaws will have financial innovation.
@1 Hi Lloyd thanks for gracing with the presence of your golden scrot.
What does this have to do with my pension?
Found in East London.
http://www.face-time.com/suck-goldman-sachs/
“Their relationships with customers on every front are poisoned, and they can’t function as an investment consultant if they have this problem of honesty.”
Unless they can get a hold of Herman the German and unload some shitty bonds.
Gold > Crystal
@8 Paper covers rock
@9 Devil squid kills everything.
I meant vampire squid. But devil squid are pretty bad, too.
Bindi Irwin
@11, Exalt
some tell Woody Harrelson with a wig to shut his pie hole, you don’t talk badly about the chosen ones.
as if he could afford a professional relationship with gs
if only i could have the piercing insight of guy who traded bonds for 10 months
@15 nice
@15, he didn’t trade anything, he was a salesman.
17 here, @15, your point is taken though
@15, 16, 17 how’s the new space at 200 west street?
@19 It’s the largest masturbatorium south of Houston St., and it’s gotta be one of the poshest, but tasteful, of course.
Hopefully this helps.
- not 15, 16 or 17
Michael Kouwis
@10 It’s VAMPIRE SQUID
“People who work on Wall Street lack a sense of their own absurdity.”
“The first time I heard a British person say ‘learning curve’ I thought: ‘Oh my God, we’ve ruined these people.’ I was distraught watching us financialise you, it seemed like comedy and it seemed like tragedy. But I never get any sense that people in Britain associate all this with us. When they are thinking ill of the City, they don’t naturally hate us, and they should. I’m amazed that there’s not a movement in Britain to ban American banks, or Americans. I think we owe you an apology, and I’m surprised nobody has demanded it.”
MICHAEL LEWIS IS A COMMIE!
Lewis is talking nonsense. People always analyze the future based on what they think they see in the present, and they can’t even correctly analyze the present without their own biases and tunnel vision interfering with reality. Thus, half wrong in the present translates to completely wrong in the future.
@24 wait, what?
Bindi Irwin reference is the one of the greatest posts I have seen on DB
GS should hire Dash Riprock and Alexander to help keep their customers.
@25 mere mortals such as yourself cannot understand.
ha
one more time
Laugh at him now – but the next crisis in 10 years Goldman will be finished – no politican will help bail them out
@31
You give politicians to much credit my friend. They are all very stupid with very short memories.