Thursday, August 10, 2017

Why Goldman Sachs Seized a Client’s 217-Foot Yacht – WSJ

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The story behind Goldman’s nautical trophy catalogs the inevitable outcome of Wall Street’s latest gold rush: lending to wealthy clients, the loans backed by everything from Warhols to fine wine.
posted by friends:
@WSJRisk on Twitter
@WSJRisk: When a loan goes bad, Goldman is left with a 217-foot yacht | … via WSJ
@felixsalmon on Twitter
@felixsalmon: You’re reading a story about Goldman Sachs wealth lending and then this happens;
@jacquiemcnish on Twitter
@jacquiemcnish: Unintended consequences of Goldman’s push into high end loans: it gets keys to 217-foot yacht @lizrhoffman; via @WSJ
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