http://globaleconomicanalysis.blogspot.com/2011/02/german-ex-finance-minister-bows-out-of.html

Goldman Sachs Tentacles Everywhere

Inquiring minds are investigating the career details of Mark Carney governor of the Bank of Canada.

Before joining the Canadian public service, Carney spent thirteen years with Goldman Sachs in its London, Tokyo, New York and Toronto offices. His progressively more senior positions included co-head of sovereign risk; executive director, emerging debt capital markets; and managing director, investment banking.

Please consider the Canadian Association of Income Trust Investors article Mark Carney exempted Goldman Sachs from Flaherty’s income trust tax

Flaherty’s income trust was structured by Mark Carney in such a way that only the little investor was taxed and the big guys were given a free ride. Not only were the big guys given a free ride, this tax was imposed in such a way that the big guys were able to prey upon the small investor and expropriate wealth from the small investor in the amount of some $35 billion.

What would you expect from the architect of Flaherty’s income trust tax, Mark Carney, who spent his entire career at Goldman Sachs and wouldn’t have dealt with a single Canadian retail investor in his entire career and evidently doesn’t give a hoot about them and probably perceives them as ripe for the picking.

I cannot discuss the merits of that Canadian case because I do not know them. However, it is clear that Goldman Sachs has tentacles slowly infiltrating every nook and cranny, including various Central Banks and the SEC.