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A comment on How One Goldman Sachs Trader Made More Than $100M. Parent comment

Re:How One Goldman Sachs Trader Made More Than $100M by notyourwork on Wednesday October 19, 2016 @08:05PM (#12748839)
Perhaps a difference of definition but I don't consider a tight shop to have anything to do with morals or integrity. Tight shops I always considered efficient and optimized. Car dealerships are shady, but they can run a tight shop.
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Re:How One Goldman Sachs Trader Made More Than $100M by kafkaesq on Wednesday October 19, 2016 @08:14PM (#12748892)
Until they get caught (and heavily fined). Whereupon management suddenly decides that maybe those practices weren't so "tight" after all.
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Re:How One Goldman Sachs Trader Made More Than $100M by qaq on Wednesday October 19, 2016 @08:44PM (#12749061)
The only reason GS is still around is because they did what they did. They protected their shareholders the fine is trivial (less than 10%) compared to the losses they would have taken if they followed the course of action that everyone else did.
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Re:How One Goldman Sachs Trader Made More Than $100M by kafkaesq on Wednesday October 19, 2016 @09:24PM (#12749240)
A $13b bailout on suspiciously favorable terms had something to do with it, also.
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Re:How One Goldman Sachs Trader Made More Than $100M by qaq on Wednesday October 19, 2016 @10:29PM (#12749415)
What is suspiciously favorable about it? the terms were uniform. The real kick back to all banks was the unwind of AIG.
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Re:How One Goldman Sachs Trader Made More Than $100M by kafkaesq on Thursday October 20, 2016 @01:08PM (#12754108)
What is suspiciously favorable about it?

I trust that you're aware of the basic chronology. If not, it should be fairly easy for you to look into.

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Re:How One Goldman Sachs Trader Made More Than $100M by qaq on Thursday October 20, 2016 @08:23PM (#12757322)
Yep and? Every IB had to secure a deal GS got money from Berkshire Hathaway, everyone else got acquired Lehman could not secure a deal. Unlike in every other deal government was not providing downside guarantees for Berkshire Hathaway investment in GS. Government did provide huge guarantees to JPM and every other bank that acquired an IB.
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Re:How One Goldman Sachs Trader Made More Than $100M by notyourwork on Wednesday October 19, 2016 @08:18PM (#12748921)
Absolutely right! Its usually context specific.
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