Goldman Sachs analysts are getting attention for speculating that if corporate profit margins stay at their abnormally high levels, it may raise fundamental questions about “the efficacy of capitalism.” But don’t fool yourself—Goldman Sachs is far too sophisticated to believe that capitalism “works.”
New York Times Public Editor Margaret Sullivan weighed in today on DealBook editor Andrew Ross Sorkin’s unmasking of the titanically unfunny Twitter account @GSElevator, which purported to publish conversations overheard in the office elevators of investment bank Goldman Sachs. The bank was so concerned with account, Sullivan writes, that it banned talking in elevators:
Nick Taranto — Harvard/Dartmouth alum, former Goldman banker, Marine infantry officer, and current CEO of cooking startup Plated.com — writes in The Huffington Post today that he met Syrian President Bashar al-Assad this one time, back in 2008, on a trip with his Harvard friends. Holy fucking shit! Assad was awesome. DUDE.
Goldman Sachs banker Jason Lee was arrested earlier this week after a 20 year old woman accused him of raping her at a rental house in East Hampton, Long Island. According to the New York Times, several East Hampton Town Police officers discovered the victim while responding to an unspecified disturbance at the house Lee was renting with his wife. Lee, speaking through his lawyer, denies everything.