On April 2, the Times ran a piece by columnist Nichholas Kristof entitled “Financiers and Sex Trafficking.” Kristof wrote that he had figured out that a website called Backpage.com–a place where, among other things, those looking for underage girls and of age women forced into prostitution, can find them–is owned by “an opaque private company called Village Voice Media,” which until recently was in part (16 percent) owned by Goldman Sachs. Upon being contacted about the matter, the “mortified” firm “began working frantically to unload its shares,” all of which were sold several days later. Today Kristof went on CNBC to discuss the story and while he can sort of see why the bank wouldn’t want to be publicly associated with an “emporium for girls” (which he doubted top executives knew about), he can’t help but feel that if Goldman really cared, it would have continued its relationship with the company and “used its stake to try to advocate for change within…rather than just selling back to management.”

Goldman’s Ties To Sex Trafficking [CNBC via BI]

42 comments (hidden to protect delicate sensibilities)
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Comments (42)

  1. Posted by Guest | April 10, 2012 at 2:17 PM

    Probably because that is where the bankers find their call girls.

  2. Posted by guest | April 10, 2012 at 2:18 PM

    You're disgusting.

  3. Posted by Alt_EST | April 10, 2012 at 2:20 PM

    Goldman, do you really just want to do the minimum? I mean, look at Brian over there. He actively freed 37 underage girls forced into prostitution.

  4. Posted by Horny at Minettas | April 10, 2012 at 2:22 PM

    Shhhhhhh!

  5. Posted by Lumberg Fucked Her | April 10, 2012 at 2:25 PM

    You know the Nazis had flair

  6. Posted by Guest | April 10, 2012 at 2:29 PM

    RBS: Ya know what I'd do if I had $1,000,000 in client funds?
    Goldman: What's that?
    RBS: Two trades at the same time bro.
    Goldman: You know what I'd do?
    RBS: Yeah?
    Goldman: Nothing, just sit back and take it all in, the fees that is.

  7. Posted by Gartman | April 10, 2012 at 2:38 PM

    Worst comment since last Tuesday.

  8. Posted by PermaGuestII | April 10, 2012 at 3:05 PM

    Doesn't anyone else think the real (and funny) story is that GS is somehow associated with The Village Voice?

  9. Posted by Cut Me | April 10, 2012 at 3:06 PM

    …and work just got boring around here.

    -SEC

  10. Posted by micro manage | April 10, 2012 at 3:32 PM

    What the fuck does this guy want, they turned down our suggestions about more asians.

  11. Posted by agreatdaytothink | April 10, 2012 at 3:54 PM

    Worst comment until next Tuesday.

    – Gartman

  12. Posted by Mexi_Cant | April 10, 2012 at 4:00 PM

    It's never bloody enough, we dance superbly with unlike our competitors and we get criticized for having extracurricular talents.

    We construct a massive building on the west side highway to increase traffic so more gasoline is used by drivers and NYC and NYS gets higher tax revenue and there is no appreciation.

    We sell shares of a website that promotes underage prostitution and we get blamed for not restructuring it and forcing our daughters to work there.

  13. Posted by guest | April 10, 2012 at 4:05 PM

    too conspiritorial

    next comment

  14. Posted by 2_Small_2_Bail | April 10, 2012 at 4:09 PM

    We had the chance to do God's Work and We let it slip through our fingers.

    -L. Blankfein

  15. Posted by guest | April 10, 2012 at 5:11 PM

    if goldman's top executives "didn't know" you could get hookers off backpage (yeah, sure they didn't know), well, they know now!

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