Goldman Sachs Part I

The transcript discusses the financial practices of Goldman Sachs during the financial crisis, focusing on their reliance on proprietary trading over traditional investment banking. It highlights ethical concerns, such as front running and risk management strategies, and critiques from various financial experts. The discussion also touches on the firm's profitability and the implications of their business model on investors.

What concerns are raised about Goldman Sachs' trading practices?

What was the impact of Goldman Sachs' trading on the housing market according to the text?

What is the significance of the phrase 'caveat emptor' in the context of Goldman Sachs' dealings?