The revolving door at Government Sachs.
Narrated and produced by David Faber.
Lloyd Blankfein in the news recently for some controversial tax comments...
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Description from CNBC:
Goldman Sachs - Power And Peril
Goldman Sachs
has come under intense scrutiny following a government investigation
into its practices. The firm is a powerhouse whose 34,000 employees are
known as the best and the brightest. It's unique corporate culture and
its long history of success have always been the envy of its
competitors...but now Goldman Sachs is fighting to maintain its
reputation. The firm has been accused by some critics of misleading
investors, and taken to task for accepting a government bailout when,
less than a year later, it was able to reap massive profits. Some ask if
its connections to the many Goldman alumni who went on to influential
government positions gave it an unfair advantage in surviving the global
financial crisis.In this CNBC
original documentary, correspondent David Faber reveals how Goldman
Sachs benefited from some of its most controversial deals before, during
and after the economic collapse. He describes how Goldman, throughout
its history, has fought back from adversity with innovation and fierce
competitiveness. Faber also examines the future of Goldman Sachs, asking
whether the bank can maintain its dominant position atop the world of
finance.Here's just a taste of the revolving door:
- The Guys From Government Sachs - NYT
- Goldman Bags Another Captured Senator
- Top Geithner Aide Headed To Goldman
Photos by William Banzai7
Ben looks a little bit hairy
The shadow banks sure can be scary
But just like before
Ben's eyesight is poor
So Lloyd is exceedingly merry
The Limerick King
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