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Goldman Sachs rules the world.....


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(By Kyle Pope. Kyle Pope, a former writer and editor for the Wall Street Journal, writes about business and the media. June 4, 2006 )

Goldman Sachs rules the world.

With Paulson's appointment as Treasury secretary, the firm is supreme in matters political and economic.

What is it about Goldman Sachs?

President Bush's nomination last week of Henry M. Paulson Jr., Goldman Sachs' chairman and chief executive, to replace John W. Snow at the Treasury Department has refocused attention on what has become, quite simply, the most influential company on the planet.

Sachs alums now run the White House bureaucracy (in new Chief of Staff Joshua B. Bolten), , the state of New Jersey (Gov. Jon Corzine) and the New York Stock Exchange (Chief Executive John Thain). Not since John D. Rockefeller's Standard Oil — and maybe not even then — has one firm exerted such muscle over national economic and fiscal policy.

Full op ed piece:

http://www.latimes.com/news/opinion/commen...omment-opinions

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