Henry Paulson

Goldman Sachs is responsible for the following ethical issues involving Greece: 1) Greece’s access to “off-balance sheet” (OBS) financing that resulted in a bribe for Goldman Sachs, 2) Greece being qualified for membership into the “European Monetary Union (EMU),” 3) Greece’s manipulation of global currency “exchange”/”interest rates” to continue its borrow and spend strategy, and 4) Greece’s need for a bailout by the “European Union (EU)” (Brooks & Dunn, 2015, p. 35). To further explain, Goldman Sachs provided the means for Greece to obtain OBS financing through establishing two different hedge funds that in turn allowed Greece to take advantage of historically low exchange rates using swaps of currency/interest rates. This allowed Greece to obtain “future cash flows” to reduce its debt, thereby meeting the qualifications for entry into the “EMU” (Brooks & Dunn, 2015, p. 35-36). However, when financial reporting requirements changed in 2002, Greece had to give full disclosure of these revenues. Unfortunately, Greece continued this borrow and spend strategy for years. As a result of impending collapse from floating debt that could no longer be exchanged or swapped, the “EU” in 2011 had no choice but to offer Greece a bailout totaling over $140 billion (Brooks & Dunn, 2015, p. 35). When asked about this, Goldman Sachs claimed they were not at fault as they had followed the laws in place at the time. Furthermore, they claim these two hedges would not have improved Greece’s…

Spencer Gareiss Ms. McCreery Business Management 18 May 2016 Goldman Sachs Group, Inc. Goldman Sachs Group is a global leader in investment banking and investment management because of their widely diverse client base and capabilities. Goldman Sachs manages individual investment portfolios, provides investment management services such as advising and controlling, perform securities, and finance massive innovative procedures. The spirit at Goldman Sachs is driven by entrepreneurship,…

There is a huge discrepancy between the Executive Summary and the culture outline by Greg Smith and the Frontline television special. After 2008 financial crises Goldman Sachs decided to take time to reflect and reform by creating a Business Standards Committee and construct a formal culture. The Committee ensured firm’s business and practices are at the highest standard and meet client’s expectation based on core values, code of ethics and company mission statement. In the early days, the…

Henry Ford is an example of how economic and social policies of successive Republic Governments contributed to a world of inequality. Henry Ford Henry Ford the genius behind the successful assembly line mass production of products; in his case; the motor car. Born in Dearborn Michigan in 1893 into a farming family. Henry was educated at the local school. At the age of sixteen he became a machinist apprentice. Henry was raised as an Episcopalian. He had very strong views, he believed in…

Exploitation Leading to a Worse Tomorrow A new president is elected every four years to run our nation, represent the country, and uphold the Constitution of the United States. The President of the United States acts as the most powerful man in the world and therefore, we must place our trust into his hands. When the society discovers that their elected president becomes untrustworthy and secretive , a bond is broken. The Watergate Scandal of Richard Nixon and the most notorious political…

“Ever’body’s askin’ that. What we comin’ to? Seems to me we don’t never come to nothin’. Always on the way. Always goin’ and goin’,” Casy stated in chapter 13 of the Grapes of Wrath. The end of the novel is strange, and incredibly open-ended. It is never revealed what happens to the Joads or who finally makes it in the end. It isn’t even known if the starving man actually survives. The final act and image in the novel is also a bit out there, with Rose of Sharon suckling this grown man to keep…

The Grapes of Wrath by John Steinbeck is a heart wrenching and eye opening novel. Steinbeck gives a clear and precise picture with the words he employs. One recurring perspective, abundantly obvious, is prejudism. Anger, fear and misunderstanding flow between the Californians and the Oklahoma immigrants, all of which cause a double-sided prejudice. As the Oklahomans come in droves from their devastated lands and attempt to build a new life for themselves, the Californians angrily look at them…

What does Zinn mean by “Under Control?” What I believe Zinn means by using the phrase “under control” is that the government had the opposite of over control. It is apparent the government lacked control in just about every aspect during this time. Meaning the system was out of control because there was a lack of control. The first indication that the government was loosing control during this time was found in the view of the United States citizens. People no longer had any trust in or showed…

I am ever so grateful to be promotion to an important investigative position for the FBI, however I must admit I am quite horrified at my first case. President Nixon killed by a reel of recording tape… talk about irony. This is not a time to joke around which is why I’ve been busy investigating several suspects to the murder of Richard Nixon and I am happy to say I have found quite some convincing ones. As you know, there were quite a few clues found in a White House trashcan that was very…

American leaders were once considered powerful and respected individuals appointed to represent the needs of their people. Great leaders throughout history like Abraham Lincoln and George Washington are commemorated for their service. But this optimism towards government has quickly eroded as Americans lose faith in their leaders. How has such an important institution lost the support of the people it represents? When the New York Times published the first papers of the infamous “pentagon…