[pktgen]

> And yet people and companies continue to do business with them. If a company like Goldman approached me about doing a deal on a credit swap, I'd assume I'm going to get the shaft - but large pension companies continue to work with them.

This is what I've always wondered: how the hell do companies like Goldman still exist and get business?

[inthewoods]

To a large extent, I think it is because there are very few companies that can deal with the complexity of, say, going public or writing CDS contracts. So to a certain extent people, particularly large clients with billions under management, don't have much choice.