It's really to create a currency that they can use for acquisitions. Goldman is looking at a number of strategic ways for them to expand into different product areas.

Everyone is really clamping down on titles, especially MD.

The logic behind Goldman Sachs going public today is not so much to create liquidity for the partners in terms of their ownership interests.

This is the time of year all the Wall Street bankers and traders basically know where they stand inside their organization. They've been given their bonuses, they've either been promoted or nor promoted, so it's a time when everybody considers what their options may be.

Our stock in trade is raw, flailing sex.

You can argue we can get rid of recycling and save the city a million dollars, but why don't we try to get rid of the garbage and save the city even more money?