Hank Paulson, a former chairman and chief executive officer of the financial firm of Goldman Sachs, was United States Treasury Secretary from July 2, 2006-January 20, 2009. The influence of Goldman Sachs in financial affairs of the United States government became so pronounced that “The United States of Goldman Sachs” was being used by March 7, 2007.
Goldman Sachs has been given many nicknames, including “Goldman Sucks/Goldman Sux,” “Government Sachs,” “Government Sucks,” “Goldmine Sacks/Goldmine Sachs,” “Godman Shafts/Goldman Shafts,” “Golden Sacks,” “Golden Slacks,” “Goldie Mac” and “Vampire Squid.”
Wikipedia: Goldman Sachs
The Goldman Sachs Group, Inc., or simply Goldman Sachs (NYSE: GS), is a bank holding company that engages in investment banking, securities services and investment management. Goldman Sachs was founded in 1869, and is headquartered in the Lower Manhattan area of New York City at 85 Broad Street and has its secondary office at 30 Hudson Street, Jersey City, New Jersey. The firm has offices in some financial centers and acts as a financial advisor and money manager for corporations, governments, and wealthy families around the world. Goldman is a major dealer in securities, offers its clients mergers & acquisitions advice, underwriting services, asset management, and engages in proprietary trading, and private equity deals. It is a primary dealer in the U.S. Treasury securities market.
Wikipedia: Henry Paulson
Henry Merritt “Hank” Paulson Jr. (born March 28, 1946) served as the 74th United States Treasury Secretary. He previously served as the Chairman and Chief Executive Officer of Goldman Sachs. In 2008, Time named Paulson as a runner-up for its Person of the Year 2008, saying, with reference to the Global Financial Crisis of 2008: “if there is a face to this financial debacle, it is now his.”
74th United States Secretary of the Treasury
July 3, 2006 – January 20, 2009
Posted: Wed Mar 07, 2007 5:17 am Post subject:
I would like to interrupt this fascinating thread with an urgent message from our Honorary Treasury Secretary of the United States of Goldman Sachs, Hank Paulson:...
The Big Picture
We have now crossed into the United States of Goldman Sachs…
Posted by: michael schumacher | Oct 12, 2007 2:44:33 PM
Wednesday, June 18, 2008
GIVE US LIBERTY, GIVE THEM DEATH
Edward S. Isaacs said…
.....I’m afraid it won’t matter who is the nominee, because we’ve become The United States of Goldman Sachs. If you think the answer to our problems is the Republican Party, good luck to you. Giuliani is just another Internationalist like George W. Bush. What we need in this country is a grass roots nationalist movement that will put America first, without regard to “what others might think”.....as I see it, the future is very gloomy.
OB Rag (Ocean Beach, CA)
The United States of Goldman Sachs: The Bailout, The Bankers, and the Billions We Are About to Lose
by Gregg Robinson on September 22, 2008
The British Economist John Maynard Keynes famously referred to capitalism as the “Casino Society”. What Americans are quickly learning, however, is that this gambling works according to the principle “Heads Wall Street wins, tales Main Street loses”. Very few people really understand what is going on with the bailout, but we should at least be aware of the fundamentals of what we are being asked to fund.
10-01-2008, 09:35 PM
or The United States of Goldman Sachs
Floyd Norris Blog - NYTimes.com
October 5, 2008
No worries. I’m sure Hank Paulsen will bail them out. It’s just monopoly money anyway here in the United States of Goldman Sachs..
Future News Today
Sunday, October 5, 2008
Goldman Sachs über alles
I’ve written previously about the political power of Goldman Sachs and how they have used that power during this financial “crisis” to increase their standing in the economic world in my article “Goldman Sachs: Wall St. Gangstas”. Now lest you think that I have become obsessed with the GS gang, let me assure you that I have not.
Excellent research, Frank. Thanks for spending the time on this. I checked some of your references and you were absolutely right on the money.
The extent of control of our government by affiliates of Goldman Sachs is astounding.
Apparently we’ve now become the “USGS”—The United States of Goldman Sachs.
Is there a chance you could post this at my forum as well—the Economic Populist Forum. (You don’t have to be a member to post.)
I’m going to Digg and share your post with all 74 of my Digg friends.
October 5, 2008 4:23 PM
Google Groups: Monbiot Discussions
From: Victor Wood
Date: Sat, 4 Apr 2009 09:55:57 +0000
Local: Sat, Apr 4 2009 4:55 am
Subject: The United States of Goldman Sachs
Goldman Sachs is the dark horse in the shadows who is present in every presidential administration, and growing in numbers with each new administration. Their former employees and directors have infiltrated every level of the government to the point that it must be wondered if Goldman calls the shots for the government on major financial and economic decisions.
Former Goldman employees head the New York Stock Exchange, the World Bank, the U.S. Treasury Department, the White House staff, and firms such as Citigroup and Merrill Lynch. Many assume roles at the Under Secrtetary level across the government.
Goldman Sachs is a strong supporter of Obama, contributing heavily for his election. Why?
The National Ledger
The United States of Goldman Sachs
By Matt Towery
May 15, 2009
Goldman Sachs director Stephen Friedman recently defended his purchase of Goldman shares while he was serving as chairman of the New York Federal Reserve. Oh, no, there’s no conflict of interest there, right?
You’ll recall Goldman Sachs, of course. That’s the former “investment bank” that was converted during late last year’s financial crisis to the status of a traditional bank holding company.
Lot of bull about Goldman
July 28, 2009
Commentary by Michael Lewis
Rumour No. 1: ‘‘Goldman Sachs controls the US government.’‘
Every time we hear the phrase ‘‘the United States of Goldman Sachs’’ we shake our heads in wonder. Every ninth-grader knows that the US government consists of three branches. Goldman owns just one of these outright; the second we simply rent, and the third we have no interest in at all. (Note there isn’t a single former Goldman employee on the Supreme Court.)
What small interest we maintain in the US government is, we feel, in the public interest. Our current financial crisis has its roots in a single easily identifiable source: the envy others felt toward Goldman Sachs.
The Goldman Hate Continues: The United States of Goldman Sachs
Posted August 9th, 2009 by the StockMasters… in Financial News
If you are like millions of other Americans, your investments didn’t do so well last year. Now it has been revealed that you are in good company. In recent filings, Federal Reserve Chairman Ben Bernanke reported that his net worth fell by more than a quarter in 2008, somewhere between $850,000 and $2.5 million, according to the broad categories used. This is scant solace to other investors, however. Not so, Goldman Sachs (NYSE:GS).
By William Rutherford—Not so, Goldman Sachs. The company has been in the news a lot lately. You may recall that last year as investment banking firms crumbled, it was Goldman that emerged at the top of the heap. Only a weakened Morgan Stanley remained as a competitor with similar heft. Gone were Bear Stearns, Lehman Brothers, Merrill Lynch and others.
New York City • Banking/Finance/Insurance • Wednesday, September 30, 2009 • Permalink