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The Goldman Conspiracy Strikes Again

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November 27, 2012 – Comments (1) | RELATED TICKERS: GS

If you dig a good conspiracy, you can add the Bank of England's appointment of Mark Carney as its new head. Why? Well, as Mike De La Merced points out in Dealbook, he's yet another Goldman Sachs (NYSE: GS) alum in a powerful government position. As De La Merced notes:

"Current members of that club include Mario Draghi, the head of the European Central Bank and a former vice chairman of the firm; Mario Monti, the Italian prime minister and a former international adviser; and Gary Gensler, the head of the United States Commodity Futures Trading Commission." 

The Freemasons this is not, but Goldman sure does seem to have its fingers just about everywhere. Or, at least, that's your evil, conspiratorial spin on it. The other way to view it is that there are a lot of good folks at Goldman willing to give up giant paychecks for a chance to serve in the public sector. You don't hear that spin all that often (unless you're tuned into Goldman's PR).

Of course coming from Canada, the land of "we skated through the crisis" banks, I'm not sure that he a bank glad-hander (FT, at least, says he appreciates the risks of shadow banking). 

1 Comments – Post Your Own

#1) On November 28, 2012 at 1:43 AM, AdirondackFund (< 20) wrote:

     What makes you think that they're giving up paychecks at Goldman?

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