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The Secret Goldman Sachs Tapes

Stashed in: Awesome, Jerk Store, Investing, Douchebaggery, Rich people get richer., Finance

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The job right from the start seems to have been different from what she had imagined: In meetings, Fed employees would defer to the Goldman people; if one of the Goldman people said something revealing or even alarming, the other Fed employees in the meeting would either ignore or downplay it. For instance, in one meeting a Goldman employee expressed the view that "once clients are wealthy enough certain consumer laws don't apply to them." After that meeting, Segarra turned to a fellow Fed regulator and said how surprised she was by that statement -- to which the regulator replied, "You didn't hear that."

Wow. Unmitigated gall.

clearly they are the masters of the universe.

Clearly this is the Ray Rice tape of Wall Street. 


"The question I’ve always had about this army of young people with seemingly endless career options who wind up in finance is: What happens next to them? People like to think they have a “character,” and that this character of theirs will endure, no matter the situation. It’s not really so. People are vulnerable to the incentives of their environment, and often the best a person can do, if he wants to behave in a certain manner, is to choose carefully the environment that will go to work on his character."


“I’m going to Goldman,” is still about as close as it gets in the real world to “I’m going to Harvard,” at least for the fiercely ambitious young person who is ambitious to do nothing in particular."

From the occupational hazards of working on Wall Street:

makes sense.

Makes sense that there are people who are more into money than anything or anyone?

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