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"Goldman will be creating a “special purpose vehicle” to sell the stock to its wealthy clients and then will charge them a 4 percent initial fee plus 5 percent
by beoba 16y ago
"Goldman will be creating a “special purpose vehicle” to sell the stock to its wealthy clients and then will charge them a 4 percent initial fee plus 5 percent of any profits."
Heads we win, tails you lose. I'm just waiting until they start dividing up the stock into tranches.
(from http://news.ycombinator.com/item?id=2071267 http://news.ycombinator.com/item?id=2071267 )