I’m surprised that this hasn’t happened before to Government Sachs.
This headline comes from CNBC and is misleading. These companies don’t “make the most money from the FEDERAL GOVERNMENT,” Taxpayers are making these companies rich, not the government. It’s not the government’s money. It’s yours. Too many people forget this.
Why are we going into massive debt, in part, to pad the bottom lines of these companies?
Darn if Goldman doesn’t always weasel its way into power. It’s very disappointing to see what is arguably the most crony company in the world being embraced by Trump. Goldman it must be remembered should be dead. It should have died in 2008. Belly up. Door nail. But Hank Paulson, Bush’s Treasury Secretary made sure the the company he used to head (along with most of his buddies on Wall Street) were indemnified and then some courtesy of the American taxpayer.
Swamps are hard to drain.
One particularly remarkable thing about these speeches is that it took Wikileaks to get them out to the public. Clinton gave dozens of speeches after her failed 2008 run and yet no recording or partial recording of these speeches emerged to our knowledge. No one had their phone on? No one?
Regardless the details are out now and they reveal about what many people expected, someone who is very cozy with the banking industry and who seemed to take some pride in the fact that her (mostly) newly amassed wealth (largely from speeches for $200,00+) separated her from the petty middle class.
Hillary with Goldman Sach’s CEO Lloyd Blankfein.
Goldman is concerned NOW about “pay to play” rules. It was less concerned in 2008 when it was Obama’s biggest private contributor. And Hillary Clinton donations still appear to be OK.
I have a soft spot in my heart for Triumph. Always have.
And don’t worry Dems Triumph is definitely in your camp in the end.
Not sure what the point of this is. Do some neocons think that this is enough of a wrench to derail Trump? Seems a rather desperate attempt at this point. How is this guy supposed to get ballot access?
And there is an obvious choice at this point for those who are inclined in the conservative direction (but not neoconservative direction which is likely the issue here) in Gary Johnson. And he has ballot access.
It’s been a weird election.
This, dear readers, is how it works. The rules, as we saw with the Comey announcement a few weeks ago do not apply to everyone. Some people and banks are even too big to even embarrass or shame, never mind fail or jail.
Goldman is in the top 5 crony capitalist companies based in the USA. It might be number 1 but there are contenders.
In another life I wanted to work at Goldman.
The split illustrated in this article is the same split I see in America generally. Those who have done well since 2008, people in banking, in government, teachers, academia, all areas of the economy which have benefited from our crony system (which exploits the middle class) seem to lean Hillary. Those who are on the outs in the crony economy tend to favor other candidates be they Trump, Johnson, Bernie, or now Jill Stein.
Remember Mr. Bailout, Mr.
The below map is out of date but it gives one a sense of the breadth of Goldman’s reach. It has expanded since this map was created. For instance Mark Carney the Governor of the Bank of England is a Goldman alum.
One of the most interesting things about Mr. Barroso taking this job is how annoyed the pro-Europe people are with him. Goldman was anti-Brexit, so Barosso coming on board to help negotiate Brexit for Goldman is sand in the wounds of Brussels and Co.
My favorite part of this video is when a guy holding a Bernie sign looks over at the other side of the room and says, “Democracy… You got something against it?”
Lights were turned on. Old people got upset. (As did the young people.) It was ugly. I’ve got to figure out which convention I’m going to go see this year and at this point the Democratic convention looks like it will be the most fun to watch.