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Insider critique of Goldman Sachs

Stashed in: Leadership!, History, Wealth!, WTFFF, Economics, Favorites

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Money quote: "Leadership used to be about ideas, setting an example and doing the right thing. Today, if you make enough money for the firm (and are not currently an ax murderer) you will be promoted into a position of influence."

Makes me scratch my head about all of these Obama Goldman Sachs appointees:

  • Gary Gensler, U.S. Commodity Futures Trading Commission head

  • Rahm Emanuel, Former White House Chief of Staff

  • Mark Patterson, Deputy Treasury Secretary

  • Larry Summers, former economic advisor

  • Stephen Friedman, Chairman of Obama’s Foreign Intelligence Advisory Board

  • Karen Kornbluh, U.S. Ambassador to the OECD

  • The list goes on and on.

See also The Hacker News Thread on this story.

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