Source: Racket News
by Eric Salzman
“Will Rodgers once said, ‘It takes a lifetime to build a good reputation, but you can lose it in a minute.’ One way or another we have all been given this sage advice, and some of us have learned the lesson the hard way. Reputation is everything. Except for Goldman Sachs. Goldman Sachs seems to defy reputation risk time and time again. The story of the 1MDB (Malaysian Development Berhad) scandal shows beyond much doubt, Goldman can pretty much do whatever the hell it wants. If Goldman gets caught, it enters a deferred prosecution agreement — as was the case with 1MDB — or pays a fine and then goes on its way as if nothing happened.” (06/05/25)