Sullivan & Cromwell Suprime Superhero Rodge Cohen sits down for an interesting chat with Bloomberg TV. Among other things, he cautions against judgements based on "Giant Squid Syndrome."
On the SEC case against Goldman:
I've gone through a number of investigations, and if the e-mails quoted are the most incriminating that exist, it would seem to me that there is a case yet to be made.
Advice to clients, generally:
Stay off e-mails whenever possible
On “Too Big To Fail”:
Artificial limitations are wrong, size does not equate to risk.
-posted by brian