Re:Goldman's 42 $100MM+ Trading Days In Q2 (just 2 days of t...
by jacoblyles on Wednesday August 05, 2009 @05:35PM
(#744314)
I'm not sure I understand what you're saying, as less than 5% of Goldman shares are owned by insiders. Perhaps you mean to argue that no large-scale businesses should exist in a healthy economy. If so, could you provide an argument?
[ Parent
| on HN ]
Re:Goldman's 42 $100MM+ Trading Days In Q2 (just 2 days of t...
by mistermann on Wednesday August 05, 2009 @07:06PM
(#744449)
They are taking a larger and larger portion of overall GDP, while performing a function of dubious value to the society in which they operate (many would say they have negative value). Banks provide a utility to society, or I should so, they should provide a utility, that of liquidity. Their speculation does no good for society, and should not be funded by society, which it is.