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"anyone with money" that's where your assumption is wrong.

The people dealing with GS are dealing with "other people's money"

They are people who don't get penalised when a deal goes bad BUT they do get massive bonuses when a deal goes very well. Hence they are willing to deal with GS.

I think they described their clients as muppets, not puppets: http://www.nytimes.com/2012/03/14/opinion/why-i-am-leaving-g...

Actually, I thinks that's even worse.

You take a bunch of "shitty" deals in hope that they turn to you when they do get a "juicy" deal.

Because CNN doesn't write link-bait articles when clients make money.

Because a lot of people are greedy idiots?