The New York Times carries a negative review of a book, Money and Power: How Goldman Sachs Came to Rule the World, written by a Times contributor, William Cohan. The review makes reference to "the damage inflicted by the Great Recession (though not to Goldman Sachs)." Does the Times or the reviewer really believe that the "Great Recession" inflicted no damage to Goldman Sachs? The firm's stock now trades at about $161 a share, down from a high of about $235 a share in October 2007, and representing a loss of about $40 billion in market capitalization.
NYT on Goldman Sachs
by Ira Stoll | Related Topics: Goldman Sachs receive the latest by email: subscribe to the free futureofcapitalism.com mailing list