I'm not too sure what the problem is with GS providing poor service to their customers. GS management can keep on being as shitty as they want to their customers and shareholders, as long as we don't have to pick up the pieces, it's not our probelm. It will probably be impossible to solve through regulation, most of the people who understand the problem enough to write good legislation are working for Wall Street or lobbying on their behalf.
What we should do is ensure that pension funds and municipalities stop buying stuff they can't understand and maybe stop buying stuff from companies who seem to be ripping them off... over an over. Seriously, why would anyone buy financial products from GS these days is beyond me.
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What we should do is ensure that pension funds and municipalities stop buying stuff they can't understand and maybe stop buying stuff from companies who seem to be ripping them off... over an over. Seriously, why would anyone buy financial products from GS these days is beyond me.