EAN: 9780767928267

MONEY AND POWER - WILLIAM D COHAN TASCHENBUCH

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.

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