CNBC Documentary Exposes Government Sachs

The revolving door at Government Sachs.

Narrated and produced by David Faber.

Lloyd Blankfein in the news recently for some controversial tax comments...

---

Description from CNBC:

Goldman Sachs - Power And Peril

Goldman Sachs has come under intense scrutiny following a government investigation into its practices. The firm is a powerhouse whose 34,000 employees are known as the best and the brightest. It's unique corporate culture and its long history of success have always been the envy of its competitors...but now Goldman Sachs is fighting to maintain its reputation. The firm has been accused by some critics of misleading investors, and taken to task for accepting a government bailout when, less than a year later, it was able to reap massive profits. Some ask if its connections to the many Goldman alumni who went on to influential government positions gave it an unfair advantage in surviving the global financial crisis.

In this CNBC original documentary, correspondent David Faber reveals how Goldman Sachs benefited from some of its most controversial deals before, during and after the economic collapse. He describes how Goldman, throughout its history, has fought back from adversity with innovation and fierce competitiveness. Faber also examines the future of Goldman Sachs, asking whether the bank can maintain its dominant position atop the world of finance.

Here's just a taste of the revolving door:

• The Guys From Government Sachs - NYT
• Goldman Bags Another Captured Senator
• Top Geithner Aide Headed To Goldman

Photos by William Banzai7

Ben looks a little bit hairy
The shadow banks sure can be scary
But just like before
Ben's eyesight is poor
So Lloyd is exceedingly merry

The Limerick King

Comments

[DailyBail]

CORRUPT ACROSS THE GLOBE: How Goldman Sachs Helped Greece Hide It's National Debt

http://dailybail.com/home/corrupt-across-the-globe-how-goldman-sachs-helped-greece-hid.html

Goldman Sachs charged a hefty commission for the deal and sold the swaps on to a Greek bank in 2005 while Henry Paulson was CEO.

[DailyBail]

Et Tu London: Goldman Sachs Helped Britain Hide Debt

http://dailybail.com/home/et-tu-london-goldman-sachs-helped-britain-hide-debt.html

[DailyBail]

« Greece Hires Former Goldman Sachs Banker As Debt Chief »

http://dailybail.com/headlines/greece-hires-former-goldman-sachs-banker-as-debt-chief.html

[Josie]

Goldman Sachs, we skim the world...

Goldman Sachs, skimming for 149 years...

Goldman Sachs, middleman skimmer to the world...

Goldman Sachs, doing God's (yamilka Lloyd's) work...

Goldman Sachs, knocking on the Fed's discount window for 4 years now...

Goldman Sachs, we screw everyone, everywhere...

[KD]

There was a lot of Production here, but not much info. Just the same old defense of the same old defenseless and yet still hidden forces that contrl wealth for their own pleasure, damaging others in the process for their own gain, and lives. Killing to live. But this fundamental fact remained barely hinted at.

Still, nice voiceover...

[SKINFLINT]

« Greece Hires Former Goldman Sachs Banker As Debt Chief » The best line I heard was the cab driver that lambasted that whole situation. Great vid.