GIULIETTA TALEVI: The bankers are still dancing
But perhaps the pandemic pageant winners have had their moment in the sun, and are now due for a fall
15 October 2020 - 06:00
If you want a reminder that 2020 has been one horrible year for most of us, but another entirely for stock market traders, take a gander at Goldman Sachs’s third-quarter results.
It might not be the “great vampire squid” of old (a classic term, coined by Rolling Stone magazine in this vintage 2010 article (https://www.rollingstone.com/politics/politics-news/the-great-american-bubble-machine-195229/)) but Goldman has clearly not lost the ability to wring out money from a good old crisis...
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