Originally Posted by
World's End Stella
In fact, did you know that the most evil of all banks, Goldman Sachs, bet heavily for a property crash and held open positions which would have earned them billions had they forced the counterparties to honour them.
They cancelled almost all the trades as it would have wiped out a rather large number of financial institutions and done irreparable damage to the global economy. And they weren't the only bank in that position who acted in the same way.
Well done investment banks. Some top class bonhomie there.
Yeah. Definitely no self-interest for Goldman Sachs in not precipitating the downfall of global capital, was there? Very selfless.
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