La polémique Goldman Sachs

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Goldman Sachs, enquête sur une société secrète. Why I Am Leaving Goldman Sachs.

The Bubble Machine

Goldman Sachs, the crisis, the bonuses. Government Sachs. High frequency trading : the new cash cow. Goldman in Greece. Goldman & the SEC. Readings. Others (corporate culture, CEO...) Goldmansachs. GS. Goldman Sachs. Goldman Sachs. Goldman-sachs. Magnetar, Goldman Press Flurry Still Misses the Biggest Point of. By Andrew Dittmer, a mathematician with hedge fund experience, and Richard Smith, a UK based capital markets IT consultant Readers of this blog are by now familiar with the incredible story of how a single hedge fund (Magnetar) managed to play a shockingly extensive role in inflating the housing bubble in 2006-2007.

Magnetar, Goldman Press Flurry Still Misses the Biggest Point of

The story was first broken seven weeks ago in Yves’ book ECONNED (completed in early October 2009). Goldman (and DeutscheBank) as Predator. One of the things that has been striking as revelation of bad behavior in the collateralized debt market has gotten more press is that a number of commentators who had taken the “nothing to see here, move on” stance have gotten religion.

Goldman (and DeutscheBank) as Predator

Even more dramatic has been the change in perception of Goldman. The firm has had its vocal critics (including yours truly) but they seemed an ineffective minority. Goldman’s arrogance seemed only to confirm its “Government Sachs” connections, that it could do as it pleased and thumb its nose at the rest of us to boot. It compounded the public outrage over its record 2009 bonuses through its hamhanded, narcissistic rationalizations. Lloyd Blankfein’s “We’re doing God’s work” has come to epitomize what is wrong with the financial services industry post-crisis the same way Chuck Prince’s “We’re still dancing” did for the bubble era.


  1. pearlsgazette Aug 27 2009
    Cher Barbeuz, le comité rédaction a décidé de sélectionner votre carte pour la gazette de la semaine suite à sa réunion en séance plénière. Que la postérité retienne votre contribution essentielle au débat public sur la communauté !
  2. PED Aug 7 2009
    Il y a une dimension supplémentaire là-bas: Goldman Sachs y est vraiment un symbole très fort, une institution (le département du Trésor, c'est bien simple, y a que des anciens de Goldman Sachs)
  3. barbeuz Aug 7 2009
    ça me surprend pas... parce que là-bas c'est encore plus flagrant que le système politico-financier est totalement vicié...
  4. PED Aug 7 2009
    Une polémique comparable aux US