Wednesday, May 19, 2010

Clients Worried About Goldman’s Many Hats - NYTimes.com

Clients Worried About Goldman’s Many Hats - NYTimes.com: "“Now it’s all about the score. Just make the score, do the deal. Move on to the next one. That’s the trader culture,” said Cornelius Hurley, director of the Morin Center for Banking and Financial Law at Boston University and former counsel to the Federal Reserve Board. “Their business model has completely blurred the difference between executing trades on behalf of customers versus executing trades for themselves. It’s a huge problem.”"


Labels