The Revolving Door - A Guy's Journey

Goldman's bounce sheet at that time was levered like 30 to one, right on equity. To day, it's ten to one. We did get some new rules that basiclly increased the capital a adequacy requirements for banks,. But ten to one is still kind of insane, number one. Number two, these banks are even bigger than they used to be. So they were already too big to fail, now they're even bigger. Ah, clearly they've captured their regulators, right? That's one thing i can talk about in the book, as is the genius move of former goldman ceo, hank palson, who managed to become a billionaire on goldman