What's the Value of Goldman Sachs?

Timothy Stanley: What sort of multiple does a specialized bank get? One that will ride high when times are good, but feel the bumps when things are rocky. David Salomon: Goldman gets penalized to a certain extent because there's still this fallacy out there about trading and investing acumen. He says until that changes, I think they'll continue to trade in line with where they've been around 10, 11 times.