Blankfein watchers have been treated to a flurry of sightings during the last few weeks. The formerly reclusive CEO has been popping up Zelig-like all over town and the press has taken note.
Working Americans are paying the price as the parameters of the current debate around the deficit, budget and the so-called fiscal cliff are being defined by the likes of Goldman Sachs. There can be little doubt that working people are not represented in Washington.
Not to be all elementary, or more accurately pre-schooly, but are we really going to let our tax policy be determined by a guy named Grover? You've got to be kidding me.
Selecting Jamie Dimon would be a gift to the powerful investment bank constituency plying their trade already in the all too comfortable niche of 'too big to fail.'
In the name of "fiscal responsibility," the self-interested CEOs animating Fix the Debt are pushing a deficit reduction plan that would lower taxes for corporations and the super-rich while slashing programs central to the middle class and those working their way into it.
On the same day that Goldman Sach's CEO issued his "balanced" demand for Social Security and Medicare cuts, the Wall Street-funded group called "Third Way" published the results of a poll which precisely reflected those wishes. Coincidence?
Goldman's foray into the world of sub-prime mortgage servicing is one that company executives would like relegated to the dumpster along with the water-logged sandbags that shielded their New York HQ from the ravages of Hurricane Sandy.
Just like all long-term relationships, the qualities which first attracted Greg Smith to Goldman Sachs now seemed wrong instead of right. Who or what had changed: Greg Smith or Goldman Sachs?
After flat markets during an abbreviated super-storm week, the Dow rallied about 250 points on Monday and Tuesday. Wednesday saw stocks open lower and continue lower. The 250 point gain of the previous two days was wiped out, plus an additional 60 or so points for good measure. Why?
The reality is that the current system of taxation created by Ronald Reagan and put on steroids by George W. Bush is working quite well for Pete Peterson and his fellow oligarchs.
Management Leadership for Tomorrow (MLT) is the number one source of minority students at the top ten U.S. business schools. Founded and led by John R...
The Business editors of the New York Times seem forever determined to whitewash and sanitize one of the core causes of the 2008 financial debacle and those who were central to the melt down.
There is a scandal in Mitt Romney's campaign -- namely Glenn Hubbard, Romney's chief economic advisor, who was chairman of the Council of Economic Advisors under George W. Bush, and is now Dean of Columbia Business School. First, Hubbard has an abysmal track record in economic policy, including the very issues that Romney has made the pillar of his presidential campaign. Second, like Romney, Hubbard refuses to disclose critical information about his income, conflicts of interest, and paid advocacy activities. Third, both in public statements and in my personal experience, Hubbard has been evasive, misleading, and even dishonest when discussing both policy issues and his own conflicts of interest. And last but not least, those conflicts of interest are huge: Hubbard has long advocated policies that Wall Street loves, often without disclosing that he is, in fact, highly paid by Wall Street.
Lost trust in Goldman does not crash the market, but it certainly forces investors to be a little more hesitant. Capitalism is extremely efficient, but it is a system built on trust.
If Andrew Ross Sorkin is mad at him, then Greg Smith might just be on to something.
"Romney's Go-To Economist" read the headline on a New York Times profile of R. Glenn Hubbard, the man who will make your life miserable if Mitt Romney is elected president.