January 11, 2011 -- Professor Lynn Stout commented on a new report released by Goldman Sachs, which promises more transparency with clients about how the company does business. Her comments appear in an Associated Press article.
"Conflicts are unavoidable when your business model relies on your getting wealthy at someone else's expense," said Lynn Stout, a professor of corporate and securities law at U.C.L.A. Investment banks like Goldman "have focused on trying to make trading profits for themselves rather than helping corporations raise capital for new investments."
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