New York Magazine has an article up about Goldman Sachs; the only bank that is thriving despite the economic crisis.
The article’s introduction sets the tone: “Inside Goldman Sachs, America’s most successful, cynical, envied, despised, and (in its view, anyway) misunderstood engine of capitalism.”
Goldman Sachs is indeed envied, hated and despised, and all for one major reason: it’s successful. Those who hate success, especially success in a capitalistic society, can’t deal with the bank’s obvious strength. Especially the left has made it its personal mission to destroy the bank’s image. It pretends that the bank’s success is due to its tremendous political connections and nothing else.
The reality of the situation is, of course, that Goldman Sachs is not different from its main competitors. Well, not in this political regard, at least. They all have ties to the federal government.| MORE ›
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