Let's investigate Goldman Sach's alumni conflict of interest Mr Corzine

As Jon Corzine continues his hypocritical accusations of Chris Christie, maybe it is time for a real account of the ties between Goldman Sachs alumni like Corzine and government influence. From this article in the Policy Examiner:

The Times points out that Goldman alums include:

Former treasury secretary Hank Paulson
Paulson's bailout chief Neel Kashkari
Interim Treasury investment officer Reuben Jeffrey
Key Treasury players Dan Jester, Steve Shafran, Edward C. Forst, and Robert K. Steel
Key New York Federal Reserve players Stephen Friedman (head of the New York Fed board of governors, who sat on Goldman's board and owned a substantial stake in Goldman while he was making official decisions - and see this), William C. Dudley (head of the New York Fed's unit that buys and sells government securities), and E. Gerald Corrigan (charged with convening a group to analyze risk on Wall Street)

Of course, the avalance of former Goldman alumni seemed to start with Jon Corzine. From this opinion piece in the Trentonian:

That $300 million-plus that Corzine left Goldman Sachs with and used to bankroll a mid-life-crisis career change to politics was “fattened” by IPOs, says Taibbi.

He says Goldman Sachs manipulated the price of IPO stock by encouraging “best clients” to get in early at low prices and clean up before the suckers were enticed in at higher prices, driving up Goldman Sach’s take. That tactic is called “laddering,” says Taibbi.

Then, before moving on to other alleged Goldman Sachs iniquities, the writer takes a parting pot shot at Corzine. “One of the truly comic moments in the history of America’s recent financial collapse came,” writes Taibbi, when Corzine insisted, “I’ve never even heard the term ‘laddering’ before.”

Jon Corzine. Ethically challenged. Mathmatically challenged. A weak Governor. Not quite the lion we were promised (not even a cowardly lion) rather a mouse with the political courage of an anonymous political staffer the media so adores.

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