Goldman Sachs Government

[Fireweed247]

As Goldman Sachs alumni play a key role in stewarding the nation’s economy, it’s worth recalling that the late economist John Kenneth Galbraith blamed Goldman Sachs for helping to cause the Great Depression. In his book, The Great Crash, 1929, Galbraith, a key figure in President John F. Kennedy’s administration, devoted an entire chapter he titled “In Goldman, Sachs, We Trust,” to detailing the “large-scale corporate thimblerigging” that Goldman and other Wall Street firms practiced in the 1920s.

Thimbleriggers or not, supremely self-assured Goldman Sachs alumni at the highest levels of the Bush administration are now pulling the levers of power in the nation’s capital, confident that they know the way out of the current market turbulence.

Their power is likely to grow no matter who’s in charge in Washington. Commentator David Brooks may not have been joking when he observed this summer: “over the past few years, people from Goldman Sachs have assumed control over large parts of the federal government. Over the next few, they might just take over the whole darn thing.”

http://spectator.org/archives/2008/10/16/goldman-sachs-government

[Hugin]

1. Looks to be so...

Even the government pay scale is modeled on the Goldman Sachs 'Pay for Performance' system.

Soon to be in Education too.

[Sarah Ibarruri]

2. Goldman Sachs' asses need to be so kicked nt

[Fireweed247]

4. asses kicked all the way to jail, and we take their assets back

This is so absurd. There should be some sort of conflict of interest clause, where you can't just go from wall street to the government and start doing your company favors.

[Sarah Ibarruri]

5. Amen! you know, I think people are really angry at the elite -

And it's about damned time!

[Fireweed247]

3. Are they covering this on Meet the Press this morning?

The media has been so angry about the bonuses, I am sure they have been digging deeper....