Insider critique of Goldman Sachs
Joyce Park stashed this in Economics!
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.