Goldman Should Be Allowed to Fail

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By John Gapper

Published: October 21 2009 22:09 | Last updated: October 21 2009 22:09

A decade ago, when Goldman Sachs was a private partnership, it had $6.5bn in equity and its 220 partners, most of whose money was tied up in the firm until they retired, took good care of their pot of gold.

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