Yet another indication of Goldman's business acumen in the following article. As economic conditions remain uncertain smart business finds those opportunities with strong recurring revenue, low labor costs, and immunity from cyclical swings. What better way to diversify than to get in bed with the oldest profession in the world. Pimping ain't easy, but Goldman makes it easier with this savvy investment. Anyone care to opine as to the likelihood that Goldman knew what was what, or did this PR disaster truly slip through the cracks? Bear in mind, Goldman had one of their own on the company's board for four years.
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It's such a tenuous link, if GS held a stake in low end motels, would they also be cited for aiding and abetting sex trafficking in a NYT op-ed? They have a minority position there, the argument just is nuts, backpage.com allows ads for "escorts", some of whom may have been trafficked or minors, this seems like a great argument for legalizing prostitution rather than one of condemning backpage type online classified sites which only exist to aggregate ads.
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