So, some of you may have heard the chilling rumors surrounding Goldman and their potential interest in internet retail banking to strengthen their balance sheet and help fund other business ventures. Let me ask you; as if any Wall Street association in this current melee is not shameful enough, does this make Goldman average or below average? Will the brand be permanently tarnished? Goldman bankers have been revered for a long time on and off the Street. Do any of you think they'll face industry ridicule? Chime in...
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who cares if they face ridicule as long as they make money? Why are people so worried about how GS will emerge from this? As long as they are on top, in whatever way, shape or form, let them do internet banking, sell flood damage insurance or start a hot dog stand chain (I'm obviously exaggerating, for those whose fingertips are aching to reply to this). Goldman Sachs is in the business of making money. Reputation favors the ones who make most of it. So why does it matter how they make it?
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