How Goldman Sachs Came to Rule the World

Dandelion Salad

on Jan 17, 2012

http://www.presstv.ir/Program/221516.html

In this edition of the show we discuss the book Money and Power: How Goldman Sachs Came to Rule the World, written by William Cohan.

The book’s behind-the-scenes account shows how, supported by the most aggressive and sophisticated PR machine in the financial industry, Goldman Sachs has continually projected an image of being superior to its competitors – smarter, more collegial, more ethical, and more client-focused.

But William Cohan also reveals another way of viewing Goldman – as a secretive money-making machine that has walked an uneasy line between conflict-of-interest and legitimate deal-making for decades.

William Cohan is the first author to chronicle and to interview the leaders of Goldman Sachs since the 2008 crash, and has gained unprecedented access to the firm’s inner circle.

Every living former chief executive of Goldman Sachs has spoken to him, as well as its current chairman and CEO, Lloyd Blankfein. “Money and Power” is a penetrating study yet of these larger-than-life characters and their secretive world: the definitive account of an institution whose public claims of virtue look very much like ruthlessness when exposed to the light of day.

Continue reading

Michael Hudson: EU: Democracy Incompatible with Debt Collection + Jon Corzine’s MF Global Firm Collapses

by Michael Hudson
Featured Writer
Dandelion Salad
http://michael-hudson.com
Nov. 3, 2011

Democracy Now
Nov 3 2011

AMY GOODMAN: World leaders are gathering in Cannes for the opening of the Group of 20 summit today. That’s the G20 summit. On the top of the agenda is Greece and the European debt crisis. The Greek prime minister, George Papandreou, is coming under intense criticism from European leaders for allowing the Greek people to decide if they want to accept the conditions of a $179 billion E.U. bailout. Continue reading