If you would rather listen to the information than read the long article on Gary Cohn previously linked here, Jeremy Scahill interviews Gary Rivlin, who wrote the article.
...but hey, do what you want...you will anyway.
Showing posts with label The Big Short. Show all posts
Showing posts with label The Big Short. Show all posts
Wednesday, September 20, 2017
Tuesday, September 19, 2017
Gary Cohn and Goldman Sachs' America
For all Trump's campaign blasting of Hillary Clinton for being a Goldman Sachs puppet, and Goldman's near single-handed destruction of the world's economy in 2008, he has now essentially turned over the US economy to their number one crook. The Intercept has the outrageous story, including a synopsis of "the big short" and Cohn's participation in it.
UPDATE:
If you prefer to hear this information than read it, Jeremy Scahill interviews the author on Intercepted.
...but hey, do what you want...you will anyway.With Blankfein and Cohn at the top, the transformation of Goldman Sachs was complete. By 2009, investment banking had shrunk to barely 10 percent of the firm’s revenues. Richard Marin, a former executive at Bear Stearns, a Goldman competitor that wouldn’t survive the mortgage meltdown, saw Cohn as “the root of the problem.” Explained Marin, “When you become arrogant in a trading sense, you begin to think that everybody’s a counterparty, not a customer, not a client. And as a counterparty, you’re allowed to rip their face off.”
The Intercept
UPDATE:
If you prefer to hear this information than read it, Jeremy Scahill interviews the author on Intercepted.
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