Posted by LP on January 05, 2012 at 16:48:25:
In Reply to: Anybody read Sorkin's book Too Big to Fail posted by WHF on January 01, 2012 at 20:44:54:
No, but I saw the movie that was made from the book. Riveting.
If you watch the movie, notice how many times Goldman Sachs is mentioned. At one point in the movie, Paulson has to assure everybody he is not still running Goldman Sachs while he is the head of Treasury. Then later, we find out that all through the crisis he was making twenty calls a day to Goldman. His resolution of the crisis was to kill off Goldman's competitor Lehman Bros. What does that tell you?
: Anybody read Sorkin's book Too Big to Fail: The Inside Story of How Wall Street and Washington Fought to Save the Financial System---and Themselves
Post a Followup