Goldman Rule: He Who Has the Gold Makes the Rules

Goldman Sachs sent an e-mail Tuesday to its clients in an attempt to clarify their “conflicts of interest” policy. The policy is: “Yes we have conflicts. So what?” The e-mail disclosed what many have suspected all along; that is, Goldman takes positions contrary to, and in direct conflict with, other positions they may advocate for their clients. An article about the memo can be found here.  Seriously. This reminds me of this wonderful clip from The Simpsons.

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