Monday, July 21, 2008

The Goldman Octopus Grows

Goldman Sachs Group Inc.'s most senior financial-institutions banker, Ken Wilson, is temporarily leaving the firm to advise Treasury Secretary Henry Paulson on how to resolve the country's banking crisis, according to people familiar with the matter, reports WSJ.

Wilson is expected to serve without pay, in a period through January. President George W. Bush made a personal call to Wilson in recent days, asking him to assist Paulson, according to WSJ.

Also, I just became aware this weekend via an NYT profile of CNBC's Erin Burnett that she worked for Goldman for a year.

Mmy full report on the incredible penetration of Goldman in government circles and the financial world is here.

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