When Goldman trades an OTC derivative with you, they're necessarily taking the other side. The value is that you transfer risk to Goldman at a price that you th

When Goldman trades an OTC derivative with you, they're necessarily taking the other side. The value is that you transfer risk to Goldman at a price that you think is too low and that Goldman thinks is too high. Don't get me wrong, I'm probably more anti bank than the average HNer, but this particular criticism is nonsense.