Why Goldman Sachs Should Hire Matt Taibbi

The most the Securities and Exchange Commission could exact from serial transgressor Goldman Sachs — for what appeared to be blatant fraud that netted the firm billions — was a measly $550 million fine last Summer.

By contrast, in just one day of trading (yesterday), Matt Taibbi’s latest Rolling Stone missive, “The People vs. Goldman Sachs,” knocked more than 5x that — about $2.8 billion(!) — off of Goldman Sachs’ market cap.

And the issue isn’t even on newstands yet (I looked).

Must be one helluva story.

More to come once I’ve read it. . . . 

P.S.:  Goldman Sachs’ next move? 

Hire Taibbi.

One could argue that Goldman, ever the shrewd operator, could pay him a couple hundred million annually and still come out ahead, assuming that served to muzzle him.

About the author

Ross Kaplan has 19+ years experience selling real estate all over the Twin Cities. He is also a 12-time consecutive "Super Real Estate Agent," as determined by Mpls. - St. Paul Magazine and Twin Cities Business Magazine. Prior to becoming a Realtor, Ross was an attorney (corporate law), CPA, and entrepreneur. He holds an economics degree from Stanford.

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