← Back to context Comment by danielmarkbruce 3 days ago Any entity with a bunch of counterparties and large numbers who blows up will potentially be saved. 5 comments danielmarkbruce Reply eru 3 days ago Alas, yes. One of the perils of giving the relevant authorities too much discretion. danielmarkbruce 3 days ago in retrospect i should have said "any entity who has GS as a counterparty will be saved"... eru 3 days ago Not at all. Goldman Sachs had and has plenty of regular folks as counterparties for their credit cards (branded as Apple Cards, I think). These regular folks don't get bailed out.See also https://en.wikipedia.org/wiki/Archegos_Capital_Management which had Goldman Sachs as a counterparty and was not bailed out. 2 replies →
eru 3 days ago Alas, yes. One of the perils of giving the relevant authorities too much discretion. danielmarkbruce 3 days ago in retrospect i should have said "any entity who has GS as a counterparty will be saved"... eru 3 days ago Not at all. Goldman Sachs had and has plenty of regular folks as counterparties for their credit cards (branded as Apple Cards, I think). These regular folks don't get bailed out.See also https://en.wikipedia.org/wiki/Archegos_Capital_Management which had Goldman Sachs as a counterparty and was not bailed out. 2 replies →
danielmarkbruce 3 days ago in retrospect i should have said "any entity who has GS as a counterparty will be saved"... eru 3 days ago Not at all. Goldman Sachs had and has plenty of regular folks as counterparties for their credit cards (branded as Apple Cards, I think). These regular folks don't get bailed out.See also https://en.wikipedia.org/wiki/Archegos_Capital_Management which had Goldman Sachs as a counterparty and was not bailed out. 2 replies →
eru 3 days ago Not at all. Goldman Sachs had and has plenty of regular folks as counterparties for their credit cards (branded as Apple Cards, I think). These regular folks don't get bailed out.See also https://en.wikipedia.org/wiki/Archegos_Capital_Management which had Goldman Sachs as a counterparty and was not bailed out. 2 replies →
Alas, yes. One of the perils of giving the relevant authorities too much discretion.
in retrospect i should have said "any entity who has GS as a counterparty will be saved"...
Not at all. Goldman Sachs had and has plenty of regular folks as counterparties for their credit cards (branded as Apple Cards, I think). These regular folks don't get bailed out.
See also https://en.wikipedia.org/wiki/Archegos_Capital_Management which had Goldman Sachs as a counterparty and was not bailed out.
2 replies →