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-- and numerous other prominent GS alums with ties to Washington, the New York Fed, and other institutions of power, including currently under Treasury Secretary Geithner.
Institutional Risk Analytics managing partner Christopher Whalen called Goldman's ties to the New York Fed "grotesque, (giving) the appearance of conflict of interest....everywhere" - under Paulson, unconstrained as Treasury Secretary to stack the agency with his cronies and run it like a GS subsidiary.
A Brief History of Goldman Sachs, Courtesy of the Wall Street Journal
-- founded by Marcus Goldman in 1869;
-- in 1906, became a major player in the IPO (initial public offering) business;
-- in 1929, Goldman involved in the market crash, suffers big losses like others on the Street;
-- in 1930, Sidney Weinberg (aka "Mr. Wall Street") becomes CEO;
-- in 1956, GS is Ford's lead underwriter;
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