The Harsh Couch - 2018.10.03 Billy of Ockham


#1

"People at Goldman and JP Morgan ... many of them do not understand the real reason they've been making money hand over fist the last nine or 10 years. If you were running one of these places you would have to really try - like every day - to fuck it up. It would have to be your sole mission when you got up in the morning. Like, 'I'm off to go fuck things up.'" - anonymous market analyst describing the business model of too big to fail banks in the post-bailout era as being like Brewster's Millions.


This is a companion discussion topic for the original entry at http://theharshcouch.com/thc/2018-10-03/