Help me out, guys! What is the financial reference to SQUID?

[beefsteak]

Who / What is squid in financial market parlance?

How did it come to be labeled this way?

I get PIIGS, but I don't get SQUID.

Help for the beefsteak, please? THANKS

[chad]

it's a reference to goldman sachs. it has it's tentacles in to everything.

[BillBoard]

The first thing you need to know about Goldman Sachs is that it's everywhere. The world's most powerful investment bank is a great vampire squid wrapped around the face of humanity, relentlessly jamming its blood funnel into anything that smells like money.

http://www.rollingstone.com/politics/news/the-great-american-bubble-machine-20100405

[Libertytree]

Do you mean quid? ;)

[beefsteak]

Thanks one and all. I just couldn't dig that one out of the rabbit hole. Much appreciation.

Thanks for the quid quote, you pro L.T.