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by qaq 3806 days ago
OK this would not be popular opinion here, but it's a problem of people that bought those products and not GS. They went to same biz schools and were paid millions to run their funds. It's their job to do due diligence on the deals they make with GS or any other counterparty.
1 comments

It used to be in the 90's/2000's in the UK that all was fair in love and war between banks - they are the big boys and are supposed to know what they are doing.

If you rip off "widows and orphans" though you will get punished severely.