G-Men Talking! And they appear kinda delusional....
Fascinating story about Goldman Sachs in New York Magazine... The magazine's story on our new millennial G-men (no Elliot Ness here!) talks about leverage, layoffs and the firm's "essential" position in the American capital markets. Some key quotes include: On the tarnish now seen on Goldman's gleam: "Ever since the bank crossed paths with U.S. taxpayers, getting saved with at least $10 billion in government aid last year and then parlaying that into $5.1 billion in profits in 2009 (so far), the firm has been seen as the ugly essence of capitalism at its most cynical—by Washington, by the public, by the financial press, even by some of its clients. Stalwart voices of Wall Street like the Financial Times and The Wall Street Journal have criticized the firm’s undue influence on government and its ruthless pursuit of risky profits. Venom is flowing from more unlikely quarters as well: A recent Rolling Stone article called Goldman “a great vampire squid w...