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.

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@WSJRisk: When a loan goes bad, Goldman is left with a 217-foot yacht | on.wsj.com/2vIqYnB … via WSJ

10.08.2017 13.57.38

@felixsalmon: You’re reading a story about Goldman Sachs wealth lending and then this happens http://on.wsj.com/2hNyUyc; http://pic.twitter.com/IK5x48QtjU

10.08.2017 12.26.29

@jacquiemcnish: Unintended consequences of Goldman’s push into high end loans: it gets keys to 217-foot yacht @lizrhoffman http://on.wsj.com/2hNyUyc; via @WSJ

10.08.2017 11.28.48

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