Critique of Bank Operations

Critique of Bank Operations



Critique of Bank Operations

Matt Taibbi, in an article entitled “The Great American Bubble Schemes” describes the manipulative schemes of America's most influential investment banker “Goldman Sachs”. He first identifies that Goldman alumni hold most of the positions of American's financial institutions. To name a few, he spots Henry Paulson, Robert Rubin, John Thain, Robert Steel, and Mark Patterson - all of whom have formerly served Goldman Sachs. Even more furiously, the heads of World Bank, Federal Reserve and New York Stock Exchange incidentally have been Goldman servicemen, or Goldmanites. According to Taibi, this influence ...