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    What do you think of this video?

    http://www.youtube.com/watch?v=uMc6KyM_CrE

    part 2:

    http://www.youtube.com/watch?v=98Nho...feature=relmfu
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    hard to argue with GS' 8-K Form
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    Very interesting.

    I don't understand why everyones complaining though. If they were in GS shoes they'd do the same.
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    1. They've sold off most of their prop business units (a few exceptions, e.g. commods)

    2. The video doesn't differentiate between trading and proprietary trading.
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    (Original post by PorcineAviation)
    1. They've sold off most of their prop business units (a few exceptions, e.g. commods)
    most banks who claim that retained a significant amount of prop trading. Renaming them doesn't mean they suddenly stop beeing prop desks.
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    (Original post by KLL)
    most banks who claim that retained a significant amount of prop trading. Renaming them doesn't mean they suddenly stop beeing prop desks.
    They shut down their equity and macro prop operations. Most of the team went to KKR.
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    old news.
 
 
 
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