Smiling through the pain.
Photo: Bloomberg/2011 Bloomberg
We already knew that Goldman Sachs had a not-so-great third quarter, but now we know that it wasn’t just a result of one or two spectacularly bad days. Nope, there were a grand total of 21 rotten days on which the firm posted losses. That’s compared to just two days during the same period in 2010. The larger quarterly loss also came on top of a lower exposure to risk than in previous quarters.
