Tag Archives: greg smith goldman sachs

when you can charge it

He was called the scoundrel who invented credit. He was a Scottish libertine named John Law who rescued France from ruin, then ruined France again by applying his theory of prosperity based on credit. Law showed us the future and … Continue reading

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dopey banker

What we have come to see over the past decade, culminating in the financial collapse is a new breed of banker: utterly unprincipled, ruthless and abrasive. You have to wonder if Greg Smith’s life is an episode, a subtle portrayal … Continue reading

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print, borrow and occupy

He was called the scoundrel who invented credit. John Law was a Scottish libertine who rescued France from ruin, then ruined her again, by basing prosperity on credit. He gave us a glimpse of the future. It didn’t work then, … Continue reading

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