Banking, finance, and taxes
The Fleeting Nature Of Investment Banks
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By John Tamny, RealClearMarkets
When he was still running Goldman Sachs, current Treasury secretary Henry Paulson would regularly talk to the classes of incoming associates about what kept him up at night. His answer was the same every time, and it had to do with Goldman’s rising employee head count. With it impossible to monitor the activity of every employee, surely there were a few bad apples doing things that could break the bank’s sterling reputation.
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