Skip to main content

Michael Lewis Has Clearly Not Heard That In An Unprecedented Move Goldman Sachs Has Been Deigning To Speak To, Buy Sushi Lunches For Clients

  • Author:
  • Updated:

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]


Billions Recap: Strip Club Sushi

Eating contests, and Iowa, and S&M clubs, oh my!

Brian Moynihan/Getty Images

Bank Of America Has Never Heard Of This 'Bro Club' Of Which You Speak

Did they even have official swag? A website? An LLC?