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erulast Wednesday at 3:59 AM1 replyview on HN

Not at all. Goldman Sachs had and has plenty of regular folks as counterparties for their credit cards (branded as Apple Cards, I think). These regular folks don't get bailed out.

See also https://en.wikipedia.org/wiki/Archegos_Capital_Management which had Goldman Sachs as a counterparty and was not bailed out.


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danielmarkbrucelast Wednesday at 4:16 AM

It was tongue in cheek. But, when someone says that, they generally mean a counterparty who owes money to GS, not the other way around. And I don't think goldies lost money on archegos.

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