Lloyd Blankfein

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…

seem to doubt that you will ever move on to bigger and better things. When you seem different than everyone else, or have different motivations, goals and interests, people seem to think you will falter in your attempt to achieve your goals. The reality is, no matter where you come from, or what your interests are, the only time you will encounter a detour on your road to success, is when you lack self-confidence and the necessary work ethic. On the road to success, one must exhibit…

By now we are familiar with Charlie Chaplin’s silent films and his talents; not only as a pantomime actor but also as a writer and director. Certainty, his 1931 silent film “City Lights” is a proof of his talent as an actor, writer, chorographer and director (Kamin) . The film gave Chaplin the opportunity to display his creative talents within the silent film industry. Although, Chaplin’s talents are numerous we are going to concentrate on his acting performance in the “City Lights” film. In…

Train robberies, the Civil War and a damsel in distress. These are the major plots of Buster Keaton’s The General. The General premiered in 1926 and was written and directed by Buster Keaton and Clyde Bruckman. The film stars Keaton as train-loving, everyman, Johnny Gray and Marion Mack as Gray’s sweetheart, Annabelle Lee. The General monopolizes on the success of chase films such as The Great Train Robbery to create a film that seamlessly combines drama, action and comedy. In fact, these three…

It's a big mess down there" Mr. Lloyd said. “Come on dad,” Myles replied. “I am meeting my friends at the park to play basketball today". “Your friends can wait but your chores come first. Being responsible, disciplined, and accountable will take you far in life. Always remember that son,” Mr. Lloyd answered as he left Myles’ room. Myles heads for the basement huffing and puffing, disappointed that his plans have been changed. "You got to be kidding me" Myles shouted as he saw boxes…

Not often does a decision made by a director due to lack of funds create an end result that critics will continue discussing for nearly a century. However German director Fritz Lang, made such a decision for his 1931 film, M. Partly due to monetary constraints, and partly due to feelings that his own artistic vision would be compromised by including sound in his piece, the end result was a film with roughly a third in total silence. No film, as of yet, quite encapsulates the deafening power of…

After the visit of the Baron Armand de Valfort, I decided to go, without delay, talk to my old friend, and part time collaborator, Jean Vigogne- better known as Sanvergogne, a nickname he inherited many years ago, when he was a cat burglar. This appellation fitted him so well, that he adopted it, in the same way one chooses to wear, every day, the same pair of shoes, because it feels so comfortable. Indeed, I don’t remember, during all the years we knew each other, having ever called him by any…

Among the numerous great silent film directors, the three that are commonly mentioned surrounding that discussion are Buster Keaton, Harold Lloyd, and Charlie Chaplin. Having seen a greater amount of Charlie Chaplin’s wonderful work than the others, Buster Keaton and Harold Lloyd most certainly still got my consideration. In spite of every one of the three delivering awesome pieces of visual artwork, they shared some comparable attributes, but they each had unique differences which contributed…

Remzo Rovcanin Professor Valerie Colston American Architecture 221 20 November 2016 Frank Lloyd Wright I have chosen Frank Lloyd Wright because he is my favorite architect by far, he had created a type of organic type of architecture, called Prairie School, which incorporated horizontal lines which can be seen from many of his pieces of buildings and homes he had created during his lifetime. Frank Lloyd Wright was born on June 8, 1867, in Richland Center, Wisconsin. After college, he became…

there have been dramatic changes in the financial sector, So these changes are having a serious effect in the world and has been affected by one of the most major financial and economic crisis in recent history these not only raised the instability of the financial markets but also stopped their normal function as tools to allocate economic resources efficiently and effectiveness throughout the real economy (Kapoor,2010) , While a variety of definitions of the term financial crisis have been…