3 ms·
No, at a certain scale they’re more alike than not. GS is notably heinous because of their absurd scale, they’re not unique in terms of approach and ethics. At
by dbasedweeb 8y ago
No, at a certain scale they’re more alike than not. GS is notably heinous because of their absurd scale, they’re not unique in terms of approach and ethics. At the scale Apple needs, all of the “good guys” were long since ground to chum; you don’t get that big in financial services, ethically.
- whoamiidontknow 8y agoOn the contrary they have little or no presnece in the consumer area they only deals with institutions. It seems to me they are insignificant in this space.
- clintonb 8y agoGoldman Sachs has a consumer presence: https://www.marcus.com/us/en https://www.marcus.com/us/en
- 49bc 8y agoThis is GE capital, which they purchased for this purpose and seems to be the arm they’re using with Apple.
- clintonb 8y agoI realize this is a late reply. GE Capital was a loan organization. Marcus also offers checking and savings accounts, which were built in-house at Goldman Sachs. I interviewed for a job to work on the project.
- stu432 8y agoWell yeah, they only got the license to get their hands on the bailout money [1]. They must think they're going to make some serious money off this, as they had no real appetite to get into retail any other way. [1] https://www.theguardian.com/business/2008/sep/23/morganstanley.goldmansachs https://www.theguardian.com/business/2008/sep/23/morganstanl...