Wednesday, December 3, 2008

Dinner for Two, Two American Oligarchs

Goldman Sachs and Morgan Stanley have been bitter rivals. But since the financial crisis began, Morgan CEO John Mack, and Goldman CEO Lloyd Blankfein have become "best friends forever…", says CNBC.

CNBC is reporting that the two have been dining together regularly, including this last Monday.

I'll let Adam Smith take it from here:

People of the same trade seldom meet together, even for merriment and diversion, but the conversation ends in a conspiracy against the public...

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