Sunday, June 28, 2015

Opinion: Goldman Sachs’ vampire squid is coming to your neighborhood

Lock your doors — the Wall Street firm wants to lend you money

By Marek Fuchs

When it comes to how well Goldman Sachs GS, +0.16% gets along with Main Street, it’s basically always been a case of pistols at dawn. Of course, when it comes to Goldman and members of the larger public, the feud never settles at sunrise. It just sort of grinds on indefinitely.

Now, though, Goldman is going to pluck up its courage to troll for business along Main Street, getting into the business of small loans to us little people. Tire treads looking a bit worn? Call Lloyd Blankfein, your friendly neighborhood bank mogul. The Goldman CEO, who once said his company had no moral obligation to tell you that it was betting against what it was selling, will help you finance a new set.

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