“Goldman’s plan to take the creation of structured financial products out of the hands of traders and give that responsibility solely to investment bankers is a positive move. The next step for Goldman, in burnishing its tarnished reputation, should be to ensure that complex products it creates are understood by their creators, by Goldman’s directors and regulators, and by its customers.”

Contact Cornelius Hurley, 617-353-5427, ckhurley@bu.edu