What’s Good for Goldman Sachs

To love Geithner’s plan, you have to embrace his philosophy that what’s good for Wall Street is good for America.

–Margaret Carlson, “Geithner Deals Wall Street a Can’t-Lose Hand“; Bloomberg (3/26/09)

What’s good for the country is good for General Motors, and what’ s good for General Motors is good for the country.

–Charles Wilson, General Motors CEO (1952)

So today’s General Motors is Goldman Sachs?

Unfortunately, the updated equation is wrong on two counts: 1) what’s good for Goldman Sachs seems to be very bad for the rest of the country; and 2) what’s good for the country . . . seems to be irrelevant to Goldman Sachs.

About the author

Ross Kaplan has 19+ years experience selling real estate all over the Twin Cities. He is also a 12-time consecutive "Super Real Estate Agent," as determined by Mpls. - St. Paul Magazine and Twin Cities Business Magazine. Prior to becoming a Realtor, Ross was an attorney (corporate law), CPA, and entrepreneur. He holds an economics degree from Stanford.

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