Wednesday, August 8, 2012

Goldman Sachs Revolving Door Is Alive and Well in Europe

The Prague Daily Monitor has an article (Czech Position:  Presidential candidate Dlouhý leaves Goldman Sachs) about one of the candidates running for the presidency in Czechoslovakia.  Vladimir Dlouhý is ending his relationship with Goldman, according to the article.  He said he is proud to belong to the group of former Goldman Sachs politicians that includes Mario Monti and Mario Draghi.

But leaving behind Goldman does not guarantee that the bank's standards of ethical conduct or their striving for a certain kind of political power will necessarily change.

With any luck Mr. Dlouhý will not be elected.

See the full story here

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