More polish on the Goldman shine – Part 63
Courtesy of Tim Iacono at The Mess That Greenspan Made
In tonight’s PBS NewsHour, Paul Solman looks at the inner workings of everyone’s favorite investment bank – Goldman Sachs – and how, maybe, they don’t really do God’s work.
With only one-tenth of its revenues coming from investment banking last year, it’s hard to argue that they are anything other than a "hedge fund masquerading as a bank". "God’s work" or the "Financial God’s work" – what’s the difference, really?
