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Discuss: Goldman Is the New Master of the EU?

Posted By Barry Ritholtz On November 19, 2011 @ 7:30 pm In Bailouts,Credit,Derivatives | Comments Disabled


The Independent [1] writes:

“This is The Goldman Sachs Project. Put simply, it is to hug governments close. Every business wants to advance its interests with the regulators that can stymie them and the politicians who can give them a tax break, but this is no mere lobbying effort. Goldman is there to provide advice for governments and to provide financing, to send its people into public service and to dangle lucrative jobs in front of people coming out of government. The Project is to create such a deep exchange of people and ideas and money that it is impossible to tell the difference between the public interest and the Goldman Sachs interest.”

Source: The Independent [1]

“While ordinary people fret about austerity and jobs, the eurozone’s corridors of power have been undergoing a remarkable transformation.”

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URL to article: http://www.ritholtz.com/blog/2011/11/is-goldman-sachs-the-new-master-of-the-eurozone/

URLs in this post:

[1] The Independent: http://www.independent.co.uk/news/business/analysis-and-features/what-price-the-new-democracy-goldman-sachs-conquers-europe-6264091.html

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