Nov 272012

He was announced to the peasants as the Canadian — an outsider brought inside to help restore credibility. That was the spin anyway.

But when Mark Carney was appointed Governor of the Bank of England (BoE), many felt it proved it was the banking firm he was from, not the country, that mattered most. And Carney’s appointment as the big cheese at the BoE caps off a Goldman Sacks domination of European economies that is as real as the sun in the sky.

Former Goldman guys include Italy’s prime minister, Mario Monti, and president of the European Central Bank, Mario Draghi. There’s more but for space concerns we’ll skip ex-big wigs, top-dogs turned advisers and any subordinates in support roles.

As the “Canadian outsider”, Carney was up against domestic candidates that included Gus O’Donnell, former head of the U.K. civil service, Adair Turner, Financial Services Authority Chairman and 30-year BoE man, Deputy Governor Paul Tucker. noted, “There is one problem regarding the domestic candidates: none of them have Goldman on their resume”

Here in the states, Goldman Sachs is known as a premier global investment banking service. Oh, and for Sex Trafficking. And getting banged for a $22 Million Fine for trade huddling. There is a possible workplace Diversity, or Lack Thereof  scandal, the Raj Rajaratnam scandal and former employees writing corruption culture Op-eds.

In 2008, Goldman Sachs was among the top of the list for political contributions to Barack Obama. Then it got $10 billion in tax-payer bailout money.

In the first quarter of 2011 — just three months — it posted $2.7 billion in profits. Then it shipped 1,000 jobs to Singapore.

And reports that “47 out of 51 Goldman Sachs lobbyists in 2012 have previously held government jobs.”

But ignore all this. There no such thing as banksters dominating international politics and economies.


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