Saturday, December 19, 2009

Name that Treasury Official

“I think going back to Glass-Steagall would be like going back to the Walkman,” says one senior Treasury official.

I'd like to know the name of that official. Is it Tim Geithner, Neal Wolin, Mark Patterson, or Adam Storch? Who might want taxpayers to cover noncommercial bank activities on behalf of their ex-employer? For a peak into how Goldman Sachs behaves, consider their latest threat:

Goldman Sachs has threatened the UK Treasury with plans to move up to 20 per cent of its London-based staff to Spain in a standoff over tax and bonuses.
Goldman & Company frequently play "the move" card. Lower tax portions of the globe regularly beckon.