Make no mistake, Wall Street run's Washington. It is amazing to see how much clout Goldman Sachs has with the inter-workings of Washington.
Today, Deputy Secretary of State Bob Zoellick resign to take a job with the investment bankers at Goldman Sachs. Zoellick was apparently upset that he was passed over for another Goldman Sachs executive, Henry Paulson for the job as treasury secretary.- Read Article
The other 2 Goldman executives that also have influence with Washington are of course;
Senator Jon Corzine from New Jersey- Read Article
Former Treasury Secretary, Robert Rubin- Read Article
Wasn't Goldman Sachs one of the 10 firms fined by the SEC for their conflicts of interest between their research arms and investment banking? Yes, I do remember reading that somewhere before.-Read SEC Press Release
Now, I know you have learned your lesson by now, but here are the other 9 firms involved in the research and investment banking conflicts of interest;
Bear Stearns
Credit Suisse First Boston
Lehman Brothers
J.P. Morgan
Merrill Lynch
Morgan Stanley
Smith Barney
UBS
Piper Jaffray
Oh, I forgot, the head of the SEC back in 2003 was Bill Donaldson, former Chairman and CEO of the investment banking firm Donaldson, Lufkin & Jenrette.-Read Article
