Involvement in The European Debt Due Proposals in 2009
Goldman Sachs has fallen under intense scrutiny for creating or pitching products used by Greece to "obscure billions in debt from the budget overseers in Brussels". The effort to shoehorn Greece into the eurozone dates back to shortly after Cohn was serving as the global head of Goldman Sachs' commodities business and through his tenures as a senior manager in charge of the company's global commodities and global securities units. He led a delegation from Goldman Sachs in late 2009 for meetings which included proposals to place debt-due dates so far into the future that metrics for assessing the Greek national debt would be sufficiently vitiated so as to permit Greece to stay a eurozone member.
Read more about this topic: Gary Cohn (businessman)
Famous quotes containing the words involvement in the, involvement in, involvement, european, debt, due and/or proposals:
“Not only do our wives need support, but our children need our deep involvement in their lives. If this period [the early years] of primitive needs and primitive caretaking passes without us, it is lost forever. We can be involved in other ways, but never again on this profoundly intimate level.”
—Augustus Y. Napier (20th century)
“I recommend limiting one’s involvement in other people’s lives to a pleasantly scant minimum. This may seem too stoical a position in these madly passionate times, but madly passionate people rarely make good on their madly passionate promises.”
—Quentin Crisp (b. 1908)
“What causes adolescents to rebel is not the assertion of authority but the arbitrary use of power, with little explanation of the rules and no involvement in decision-making. . . . Involving the adolescent in decisions doesn’t mean that you are giving up your authority. It means acknowledging that the teenager is growing up and has the right to participate in decisions that affect his or her life.”
—Laurence Steinberg (20th century)
“It has become necessary to call the attention of European governments to a fact which is apparently so insignificant that the governments seem not to notice it. The fact is this: an entire people is being annihilated. Where? In Europe. Are there witnesses? One witness, the entire world. Do the governments see it? No.”
—Victor Hugo (1802–1885)
“Capitalism is an art form, an Apollonian fabrication to rival nature. It is hypocritical for feminists and intellectuals to enjoy the pleasures and conveniences of capitalism while sneering at it.... Everyone born into capitalism has incurred a debt to it. Give Caesar his due.”
—Camille Paglia (b. 1947)
“Only what is rare is valuable.
Let no one dare to call another mad who is not himself willing to rank in the same class for every perversion and fault of judgment. Let no one dare aid in punishing another as criminal who is not willing to suffer the penalty due to his own offenses.”
—Margaret Fuller (1810–1850)
“One theme links together these new proposals for family policy—the idea that the family is exceedingly durable. Changes in structure and function and individual roles are not to be confused with the collapse of the family. Families remain more important in the lives of children than other institutions. Family ties are stronger and more vital than many of us imagine in the perennial atmosphere of crisis surrounding the subject.”
—Joseph Featherstone (20th century)