the outside, Goldman Sachs is a perfect company. The Goldman PR machine loudly
declares it to be smarter, more ethical, and more profitable than all of its competitors.
Behind closed doors, however, the firm constantly straddles the line between
conflict of interest and legitimate deal making, wields significant influence
over all levels of government, and upholds a culture of power struggles and
toxic paranoia. And its clever bet against the mortgage market in 2007, unknown
to its clients, may have made the financial ruin of the Great Recession worse.
Money and Power reveals the internal schemes that have guided the bank from its founding
through its remarkable windfall during the 2008 financial crisis. Through
extensive research and interviews with the inside players, including current
CEO Lloyd Blankfein, William Cohan constructs a nuanced, timely portrait of
Goldman Sachs, the company that was too big, and too ruthless, to fail. Download and start listening now!