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What We’re Reading – Let Goldman Be Goldman

July 7, 2010

The most popular article on knowledgemosaic this morning is banker/writer William Cohan’s NY Times essay, Let Goldman be Goldman. Cohan’s point is that Goldman is a popular political target but that, in reality, it operated no differently from any other investment bank when it came to taking risks with other people’s money, except that it did so more successfully. His punch line? Free Goldman from the limitations imposed upon it as a bank holding company, liberate it to become once again a free-ranging investment bank, and let it succeed or fail on its own.

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