Goldman Sachs has placed its executives in the Treasury, Fed, and regulatory agencies for decades -- then profits from the policies they set — documented evidence
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Goldman Sachs alumni have served as Treasury Secretary (Robert Rubin, Hank Paulson, Steven Mnuchin), NEC Director (Gary Cohn), NY Fed President (William Dudley), World Bank President, and heads of central banks globally. Matt Taibbi famously called Goldman 'a great vampire squid wrapped around the face of humanity.' During the 2008 crisis, Treasury Secretary Paulson (ex-Goldman CEO) decided to let Goldman's rival Lehman Brothers fail while bailing out AIG -- which owed Goldman $12.9 billion.

Goldman Sachs has placed its executives in the Treasury, Fed, and regulatory agencies for decades -- then profits from the policies they set

FIN·July 13, 2009·By Matt Taibbi / Rolling Stone·4.0K upvotes·178 comments
What They Said Was Crazy
Goldman Sachs doesn't just influence government financial policy -- it essentially writes it, by placing its executives in every key regulatory and policy position, then profiting from the rules they create.
Matt Taibbi / Rolling StoneJuly 13, 2009Source

📄 The Receipts

Goldman Sachs controversies (Wikipedia)
en.wikipedia.org/wiki/Goldman_Sachs_controversies
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Academic Study Provides Hard Numbers to the Revolving Door at Goldman Sachs (Wall Street on Parade)
wallstreetonparade.com/2024/05/academic-study-prov...
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What Actually Happened
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Goldman Sachs controversies (Wikipedia)

ARTICLE

Academic Study Provides Hard Numbers to the Revolving Door at Goldman Sachs (Wall Street on Parade)

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