Matt Taibbi, one of the best business journalists around, has a chilling account of Goldman Sachs’ roll in the financial crisis and their contempt for clients and Congress. His story runs in the May 26th edition of Rolling Stone but you can read an excerpt of the article here.
While it’s rather long at almost 60 minutes, this expose on the UK financial services industry is fascinating and equally annoying. Most of the nannies and housekeepers that are employed by Britain’s super rich pay a higher percentage in tax then their millionaire employers. Includes some honest commentary from billionaire hedge fund manager George Soros who admits that while he’s made a fortune from the “super-boom,” the average person hasn’t fared well.
No Comments | Add CommentNot sure we’d agree but Michael Steinhardt, chairman, WisdomTree Investments, reveals his honest opinions about Warren Buffett, whom he says has managed to con virtually everyone in the press and calls greatest PR person of modern times. He also discusses the economy, the Fed and “Sokol-gate.” His comments on Buffet start around the 7:30 mark in the video.
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