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698. News: How Apple Card cost Goldman Sachs billions
Fintech Insider Podcast by 11:FS
Is Goldman Sachs a Canary in the Mine?
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Irene: I think what's shocking here really is the size of the loss. She says Goldman Sachs will probably have to take a long hard look and see whether reaching the subprime is indeed a strategically desirable at this stage. Natasha: It looks like Goldman Sachs is underperforming where the market is going. So it should be acting as a canary in the coal mine. But I actually wonder whether, in fact, that's the case.
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