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perhaps they'd be interested in leveraging the funds of others to flip assets, for example?

Why wouldn't they be interested in $billions of assets priced at pennies on the dollar?

What if they decide their intrinsic value is 0.

Goldman Sachs is not Hacker News.

It's unlikely Goldman would spend billions to acquire something with no value. https://news.ycombinator.com/item?id=31870422