2. Ms. Whitney claims Goldman is loosing top talent - I have to contradict and claim Goldman is spinning off its enterprise as the upcoming regulation and publicity negative momentum rather makes them stretch their web and diversify their options. as the so called talent can hardly make it without the mother-ship. Even from a bigger perspective Goldman is just one of the strong players of the Rothschild / Rockefeller team and they do rather diversify their interests.
Whitney Says Goldman Sachs Lost ‘Tremendous’ Talent
By Josh Fineman and Thomas R. Keene
Nov. 19 (Bloomberg) -- Meredith Whitney, the analyst who cut her rating on Goldman Sachs Group Inc. last month, said the bank has lost some of its top-performing employees as executives left to start their own investment companies.
“Goldman’s lost a tremendous amount of talent going to set up their own hedge funds,” Whitney, founder of Meredith Whitney Advisory Group, said today in an interview on Bloomberg Radio. “It became a scary prospect of having the government determine what you make,” said Whitney, who also said today that bank stocks are “grossly overvalued.”
The Federal Reserve said last month it will review the 28 largest banks to ensure pay doesn’t create incentives to make the kinds of risky investments that brought the financial system to the edge of collapse, prompting bailouts of firms including Bank of America Corp. and Citigroup Inc. Goldman Sachs Chief Executive Officer Lloyd Blankfein said in May the bank, the most profitable Wall Street firm in history, was having no more trouble than usual in retaining employees.
“I do not at this particular time feel stress” about employees leaving the bank, Blankfein said May 8 at the annual shareholder meeting in New York. “That pressure, if anything, has abated a bit” as hedge funds face their own difficulties, Blankfein said.