The big story these days, from liberals and conservatives alike is that Goldman Sachs has essentially become intertwined with the federal government, by way of former executives being offered lofty positions, such as positions within the Treasury Department, like former Secretary Robert Rubin, and many others.  Michelle Malkin has a post up listing the biggest former Goldman employees in the Obama administration.

The idea for some time, mostly parroted by liberals, is that the federal government is corporatist (though I don’t think that means what they think it means), where corporations have control of the government.  A slightly less sinister version of this conspiracy theory is that the government is like a revolving door, allowing executives from big business to work a few years for the federal government, in order to ensure their former company is favored, and then after the term is up, go back with open arms.| MORE ›

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:| MORE ›

The Telegraph reports that Goldman Sachs tries to shut down a blog that’s critical of the large and influential bank.

The bank has instructed Wall Street law firm Chadbourne & Parke to pursue blogger Mike Morgan, warning him in a recent cease-and-desist letter that he may face legal action if he does not close down his website.| MORE ›