The Securities and Exchange Commission’s lawsuit against Goldman Sachs is revealing a cavalier culture in which the firm invested recklessly and bet against its own clients. Here are some of the company’s questionable practices:
- Created its own blood bank and sat on all deposits until the Haitian earthquake
- Tried their hardest to dissuade risk-loving pensioners and teachers’ unions from buying into unsound derivatives, but in the end it wasn’t enough to stop them
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