Goldman Sachs

Don’t tread on me…tread on them!

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Goldman Sachs second-in-command Gary Cohn warned those assembled at the World Economic Forum in Davos, Switzerland that the drive to impose more regulation on banks could cause the next crisis by pushing risky activities towards hedge funds and other lightly supervised entities. According to the Financial Times, Cohn said: “In the next few years, the … Read more

Make them pay…make them pay

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Carried away by ever-rising real estate prices and aided and abetted by new types of financial instruments, the financial system’s overindulgence in risk has left taxpayers with a nasty hangover, a hefty tab, and a desire to make someone pay. Commentators have blamed the financial meltdown on the attitude towards risk generated by banks’ corporate … Read more