European Goldman Alums Infiltrate Governments There as Effectively as in America

One can hardly wander around the White House or the Treasury Department without bumping into someone who worked for Goldman Sachs. A short list:

• The director of the National Economic Council, Larry Summers, paid lucrative visits to Goldman
• Treasury Secretary Tim Geithner’s chief of staff Mark Patterson

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The Great Unwind

In “The Arabian Nights,” the beautiful princess Scheherazade buys one day of life at a time by recounting fantastic fables that entrance the king, who has condemned her to die. Investors and traders are currently telling each other fairy tales to buy one day at a time to stave off More…