Money and Power: How Goldman Sachs Came to Rule the World (Paperback) (ISBN-13: 9780767928267)

The bestselling author of the acclaimed House of Cards and The Last Tycoons turns his spotlight on to Goldman Sachs and the controversy behind its success.

From 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.

Author: William D. Cohan
ISBN-10: 0767928261
ISBN-13: 9780767928267
Publisher: Anchor Books
Language: English
Published: 01/10/2012
Pages: 672
Format: Paperback
Weight: 1.45lbs
Size: 9.20h x 6.10w x 1.30d

Review Citation(s):
New York Times Book Review 02/05/2012 pg. 28