There's generally two types of financial sector executives, those that actively seek sketchy ways of making money and those that carefully calculate and weigh and debate options who may or may not get drawn into sketchy things accidentally. From what I read of Gensler, he seems like the latter type. It's possible he did some sketchy things while at Goldman, but are we all angels? Over the past years, he's been an active participant in the call for regulation and worked with Obama and Clinton who, regardless of their economic capability, I believe have a strong capacity to judge a person's moral character. So, there's no reason to jump to conclusion he's some dastardly member of the Goldman evil network, when there are other possibilites with more support out there. I mean, if you have firm evidence of his cunning and deceitful ways, I'd love to hear it. And no, failing to advocate for stricter regulation in the past doesn't really count.
............................................................................ One should question the relevence of why so many GS employees are in govt. ? It is....what it is....
I could give an elaborate response but I think the bottom line is that you're delusional. The part about Obama & Clinton judging moral character, just WOW! You must be high on Obama hope. I'll leave with this tidbit. Go and check just how much money Obama's team got from Wall Street, particularly Goldman Sachs.
1) I'm not high on anything, I disdain Obama's economic "policy." I do, however, feel he is a good person and able to judge a person's character, albeit an economically confused one. 2) I know Goldman and Wall Street has backed Obama and the various links between the two. But this article was about one man. And I am going to await further evidence that this man propounds the Goldman and Wall Street way of doing things before I jump to conclusions.
Obama is not confused, he is just doing his job, which entails spending most of his time on podiums and on camera, providing the masses with mental masturbation about HOPE & CHANGE. Whether he is a good person or not, does not matter, as he does not make decisions, he just performs, like a professional actor (hint!) Look, it's apparent that you do not know the industry. Once you're a Goldman Sachs man, you're always a Goldman Sachs man. I'm not talking about the early 20s investment banker or junior trader, they are clueless. I'm talking about the individual in question, who is a Goldman Sachs partner. If you do not believe that he will skew everything into Goldman's favor at the expense of everyone else, no matter how immoral, you are delusional. There is a general understanding when it comes to doing business with Goldman Sachs. They will try to f**k you anyway they can. If there is an intermediary between you & them, they will even try to bully them in order to screw you. You know why they can get away with it? They have their people all over the regulatory agencies & government. If you doubt that, go take another look at Henry Paulson.