2min chapter

The Compound and Friends cover image

What's Really Going On At Goldman Sachs?

The Compound and Friends

CHAPTER

The Goldman Sachs Merger

I would think that if Bank of New York Mellon for whatever reason put that business up for sale, the Goldman would be a logical buyer. But I do think Goldman also needs the other pieces. They need the positive institution. The Fed has to at some point say, look, we've got to do something to make Goldman a better competitor here. It's not investment advice, but I think the market would love it.

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