I think people/the market don’t realize how big the consumer business has gotten at Goldman. That gives the balance sheet more stability than a LEH.
But I also don’t think people realize how reckless they’ve been building that consumer business. I’d need to see them perform in a downturn before I gave it any value at all. From a risk/rew…
I think people/the market don’t realize how big the consumer business has gotten at Goldman. That gives the balance sheet more stability than a LEH.
But I also don’t think people realize how reckless they’ve been building that consumer business. I’d need to see them perform in a downturn before I gave it any value at all. From a risk/reward basis I’d rather own a well-managed consumer finance business like SYF than whatever GS has been building.
I think people/the market don’t realize how big the consumer business has gotten at Goldman. That gives the balance sheet more stability than a LEH.
But I also don’t think people realize how reckless they’ve been building that consumer business. I’d need to see them perform in a downturn before I gave it any value at all. From a risk/reward basis I’d rather own a well-managed consumer finance business like SYF than whatever GS has been building.