MIT Sloan Prof. Simon Johnson

“Who in the room thinks that if Goldman Sachs hit a rock, a hypothetical rock — I’m not saying they have, I’m not saying they will — today, who here thinks they would be allowed to fail, like Lehman Brothers did, unimpeded by any government bailout, starting Monday morning? Can Goldman Sachs fail?”

“I’ve asked this question around the country and only one person has ever raised his hand. It was in New York. He had a big short position in Goldman stock. That’s New York.

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