Goldman Sachs is very much in the news. The most astute comment on Goldman these days comes from a taxi driver in Kuala Lumpur:
“Why does Goldman Sachs run your government? What’s wrong with America is that it’s run by investment bankers, mostly from the same bank. How can Americans stand for it? Is Barack Obama from Goldman Sachs, too?”
The global citizenry deserve an answer from the current Administration to the taxi drivers question.
Related Reading:
Goldman Sachs’s Viniar ‘Mystified’ by Interest in AIG (Update1)
Bloomberg.com (16 April 09)
The Goldman Two-Step
The Wall Street Journal (15 April 09)
Goldman Revamp Puts Dec. Losses Off Books
The Washington Post (15 April 09)
Big Profits, Big Questions
The New York Times (14 April 09)
Goldman Amasses $164bn War Chest
Financial Times (14 April 09)
Goldman 1Q Earnings Surpass Wall Street Estimates
Yahoo News (13 April 09)
Goldman Sachs Hires Law Firm to Shut Blogger’s Site
Telegraph.co.uk (11 April 09)
Disclosure note: CAF worked at Goldman Sachs as a summer intern in 1977.