Markets will ‘flush out’ some PSPC excess – but it won’t be a crisis, says Goldman Sachs CEO – CNBC

Markets will ‘flush out’ some PSPC excess – but it won’t be a crisis, says Goldman Sachs CEO – CNBC

LONDON – According to Goldman Sachs CEO David Solomon, some of the excess market valuation caused by a scramble for new activity in the capital markets will naturally “emerge”. Earlier Monday, Solomon’s predecessor at the head of Wall Street giant Lloyd Blankfein warned that a windfall from PSPC – which are special purpose acquisition companies […]
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