Sunday, April 18, 2010

Whitman: The Candidate from Goldman Sachs

By Robert Cruickshank.
Carla Marinucci and Lance Williams have a long and in-depth article today on Meg Whitman's connections to reviled investment banking house Goldman Sachs, which has played a leading role in the European debt crisis and is accused ofbeing at the center of asset bubbles and their subsequent crashes.  (Goldman Sachs was charged with fraud on Friday in the U.S. )
The article goes into depth on both Whitman's time on the Goldman Sachs board in 2001-02, relations between eBay and Goldman Sachs, and Goldman Sachs' role in state bond issuances. An excerpt:
From 1998 to 2002, while she was CEO of eBay, Whitman helped steer millions of dollars of her company's investment banking business to Goldman, court records show." This is the candidate who Republicans think should be in charge of the California budget? 
Read more at the link above. 
From the California Progress Report. 
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