3 ms·
> Question: How does Goldman Sachs still get away with this stuff? Answer: Because there's a history of Goldman Sachs executives going from Wall Street to Wash
by justboxing 8y ago
> Question: How does Goldman Sachs still get away with this stuff?
Answer: Because there's a history of Goldman Sachs executives going from Wall Street to Washington DC (Government) taking up top positions - ex: Paulson as Treasury Secretary - so they can create and change Laws to suit their business.
In short, it's like a Thief who gets himself appointed as the Judge for his own Trial.
> As the man who presided over the biggest market meltdown in recent U.S. history, he has become a symbol of two worlds colliding—he's the Goldman Sachs CEO who came to Washington and then had to bail out his old friends on Wall Street.
Source: https://www.theatlantic.com/business/archive/2014/02/hank-paulson-mastered-wall-street-and-washington-and-now-he-trusts-neither/283572/ https://www.theatlantic.com/business/archive/2014/02/hank-pa...
Related: [2009] Why Goldman Always Wins => https://www.theatlantic.com/magazine/archive/2009/10/why-goldman-always-wins/307653/ https://www.theatlantic.com/magazine/archive/2009/10/why-gol...