Chapter 429: A century-old family group
Chapter 429 A Family Group Inherited for a Hundred Years
It is often said that Wall Street is controlled by Jews.
This sentence is actually not accurate.
Because before the subprime mortgage crisis, the structure of the five largest investment banks in the United States was divided into three parts.
Among them, the Anglo-Saxons controlled Morgan Stanley and Bear Stearns, the Jews controlled Goldman Sachs and Lehman Brothers, and the Merrill Lynch who had a relationship with his father's father's father's father-in-law in Little Bush was an Irish Catholic settlement of Christians.
But after the subprime mortgage crisis, with the acquisition of Merrill Lynch and Bear Stearns, and the bankruptcy of Lehman Brothers, Wall Street became a big platform for Anglo-Saxon and Jewish people to fight against each other.
No way, who let only Morgan Stanley and Goldman Sachs survive?
Morgan Stanley needs no introduction, because there are too many legends about the Morgan family, and Goldman Sachs...
Since its establishment, it has been a family business that breaks the bones and connects the tendons. The blood of the Jews has lasted for a hundred years.
Its founder, Markus Goldman, is a German-born Jew who was born in Germany in 1821 and immigrated to the United States in 1948. At first he opened a shop in Philadelphia, but when he felt that the business was too slow to make money, He came to New York with his friend Joseph Sachs, who was also a German-Jewish man, and started his own IOU brokerage business in Manhattan.
At first, Goldman Sachs' business was not very good, because there were too many companies engaged in IOU economic business on the market, and the competition was fierce, and the best one was managed by Joseph Sely, who was also a German-Jewish man. 'JandW Seligman' was founded by German and his brother James Seligman.
Because they are backed by the Guggenheim family, they can easily obtain the financing business of major railways in the United States.
Not only that, the Rockefeller family's Standard Oil, which monopolizes American oil and energy, was also established with their help. In addition, the same is true for General Motors, which went bankrupt in the subprime mortgage crisis.
It is precisely because there is an insurmountable behemoth on the road of development, so Marcus Goldman never thought about making Goldman Sachs bigger and stronger from the very beginning. His biggest vision is to make his family have a meal. , So when he found out that the son of his good friend Joseph Sachs was interested in his daughter, he married his daughter to the other's son.
And that guy is called Samuel Sachs.
is the second chairman and CEO of Goldman Sachs.
Therefore, don’t look at the historical personnel change table on the official website of Goldman Sachs and think that Goldman Sachs changed hands not long after its establishment, because the change of people’s names will not change the ownership of the company. If there is a relationship between father-in-law and son-in-law, then everyone is a family .
Just like the name of the young bush and the old bush will always have Walker in the name.
They will always remember what their great-grandfather laid down for them.
Of course, this is actually not the most awesome.
The most awesome thing is that Samuel Sachs has a small hair.
It's called Philip Lehman.
Yes, it is the Lehman of Lehman Brothers.
Philip Lehman is the son of Lehman Brothers founder Emmanuel Lehman.
Lehman Brothers started out as a dry goods store, selling everything, but when they discovered in 1850 that cotton had become the most important crop in the United States, they used their brains to take advantage of the high value of cotton to sell It acts as a payment currency.
They accept customers to use raw cotton as payment for the purchase of goods, and after they get the cotton, they try to sell it to all parts of the country.
Although cotton futures is not a big business, compared with the kind of 'JandW Seligman' who gave loans to Standard Oil and the construction of the American National Railroad, it is simply a speck of dust in the universe, but it does not matter if the business is small, as long as it is a monopoly, There is money!
And when Samuel Sachs found out that the business at home was actually quite good after he made a small fortune, he, who had already joined his father-in-law's company, used the resources of Goldman Sachs to start a coffee business with Philip Lehman, who also joined the family business Lehman Brothers. business, together with other coffee raw material merchants, founded the Coffee Exchange.
Because this is also a monopoly business, so they make a lot of money.
But their coffee exchange has only been in business for a few years, and they haven’t earned enough. The New York Stock Exchange has thrown an olive branch to Goldman Sachs, which has already taken shape, hoping that they can join. After discovering the new world of public offerings, the single The stock exchange could no longer satisfy Samuel Sachs' ambitions. He took over the company's power from his father-in-law and led Goldman Sachs on the road of securities underwriting. Not only that, he also took Philip Lehman together to bring Generic cigars hit the market.
So, many historical coincidences are not coincidences.
Why did Lehman Brothers enter the securities underwriting market in the same year as Goldman Sachs?
Two people start a small business together. Can this not enter the same market at the same time?
joke!
When Goldman Sachs and Lehman Brothers entered the securities business at the same time, the two companies gradually got on the right track, and the third leader of Goldman Sachs, Sidney Weinberg, was also a Jew.
Although he has no blood relationship with the founder Marcus Goldman, and even more so with Samuel Sachs, he is the grandson of Marcus Goldman and the eldest son of Samuel Sachs, Paul Sachs confidant.
Sidney Weinberg dropped out of high school and sold newspapers at the Manhattan and Brooklyn ferry terminals when he was a teenager. Because his appearance was too Jewish, he often commuted from the Manhattan ferry to Long Island. Paul Sachs asked the boy to keep him by his side when he noticed that the foreman was constantly scolding him.
At first, Paul Sachs gave him the position of doorman, but how could Sidney Weinberg, who knew that the opportunity was hard-won, give up this hard-won opportunity? So while he acted as a doorman, he also did a lot of chores.
For example, brushing hats on the company’s partners~
Wipe off the dirt around the shoes of those capitalists~
Sidney Weinberg, who cherished the opportunity, fully demonstrated what a dog licker should be, and after discovering that the guy he picked up was really pleasing, Paul Sachs promoted him to the company's mail room , and after he showed his loyalty, Brown School of Business in Brooklyn opened the door directly to him.
According to the normal routine, Sidney Weinberg would join Goldman Sachs immediately after finishing his studies, but because of the implementation of the Antitrust Act, Standard Oil was split up, and Paul, who saw the same monopoly as his great-grandfather, Sachs, like Bush's great-grandfather, asked Sidney Weinberg to take advantage of the First World War to find opportunities in the army.
Sidney Weinberg, who had been a dog licker, understood what his master wanted him to do. After joining the Navy, he embraced the thigh of the then Assistant Secretary of the Navy and the wheelchair president in the future.
This result allowed him to be directly promoted as a senior partner of Goldman Sachs by Paul Sachs.
served as the company's chairman and chief executive officer until his death in 1969.
Before he passed away, he also recommended his chosen successor, Gus Levy, to the Goldman Sachs and Sachs families.
This guy is Sidney Weinberg's Jewish cousin.
With the consent of the two families of Goldman Sachs and Sachs, Gus Levy took office smoothly, and after him, John Weinberg, the fifth successor of Goldman Sachs, was the son of Sidney Weinberg .
no way!
Who made Sidney Weinberg contribute too much to Goldman Sachs?
During his time in charge of Goldman Sachs, Goldman Sachs developed by leaps and bounds.
With the endorsement of the wheelchair president, no one can beat them!
And the most important thing is that the 'JandW Seligman' company that was in front of Goldman Sachs was also forcibly split because of the "Glass-Steagall Act" pushed by the wheelchair president. When investment banks and commercial banks completely After the separation, the only thing that can stop the development of Goldman Sachs is power, but power...
Wasn't Sidney Weinberg licked out a long time ago?
With such achievements, even if they are the retainers of the Sachs family, they are still the most shining ones!
What's more, Sachs and Goldman Sachs directly listed it as a senior partner for shares!
After the father is done, the son will do it, and the grandson will continue to join the company after the son has done it!
From 2006 to 2015, Goldman Sachs Deputy Director Weinberg, that is the grandson of Sidney Weinberg!
The principle of avoidance of close relatives in the financial industry is a joke!
The century-old Goldman Sachs at the helm is a family!
Of course, the Goldman Sachs family and the Sachs family also understand that this kind of cronyism will cause serious dissatisfaction from the outside world. Therefore, after John Weinberg stepped down, Goldman Sachs officially entered the joint management stage.
but…
This is actually the dumb telling the deaf that the blind have seen ghosts.
Because of the subsequent management, it is no longer important.
The sixth chairman, Robert Rubin, was a Jew. After working for two years, he was 'pulled' to Washington by Goldman Sachs-supported Zipperton, where he became the assistant to the president for economic policy at the White House and led the National Economic Council;
After him, the seventh chairman, Stephen Friedman, was also a Jew. After working for two years, he was 'pulled' to Washington by Goldman Sachs-supported Zipperton to serve as a member of the President's Advisory Intelligence Committee;
And the eighth Jon Kerzan behind him is not Jewish anymore, but after he entered Goldman Sachs, he has been working with John Weinberg, and all projects can be reported directly. Zipperton, who was supported by Goldman Sachs, went to Washington to serve as the chairman of the President's Budget Committee and concurrently the chairman of the U.S. Treasury Department's Lending Committee...
It is no exaggeration to say that when Goldman Sachs and the Sachs family were hidden behind the scenes, the position of chairman of Goldman Sachs became a springboard.
Leading Goldman Sachs through the next century?
Do not make jokes…
This is not their task at all!
Their task is to hold power and continue to plunder!
How to determine the economic development of a country? How should the financial lifeline continue?
Isn’t this what politics say?
How can playing with money be fun?
Where is the right to play?
And when the role of chairman becomes dispensable, then who is leading Goldman Sachs?
Open the Goldman Sachs senior partner directory, that string of Jewish…
Never changed.
It is precisely because the centuries-old inheritance of the two families has never been broken, so the Jewish identity has become their entry mark.
Ronald Perelman is Jewish, so he can naturally enter the donkey camp controlled by Goldman Sachs;
The Guggenheim family, which is married to the Rothschild family, has always been Jewish, so of course he can cooperate with Goldman Sachs;
Warren Buffett, who developed with the thighs of the first lady of the American newspaper industry, Katherine Graham, has long belonged to this camp. Roland... Although Steven Spielberg is just a rich man compared to them , but the power brought by blood can make Roland, like Warren Buffett, get a ticket to enter the circle.
…
In fact, there is only this little price for supporting DreamWorks.
And these things are really insignificant to him.
"Steven...is such a good man..." Roland sighed deeply.
Now he is very fortunate that he has followed the idea of hugging his legs from the very beginning.
If he was as mad at the air as other traveler predecessors, then Goldman Sachs would never sit down and talk with him.
When Roland decided to meet with people from Guggenheim and Goldman Sachs, Ronald Perelman, the middleman, happily helped them get in touch. When he learned that Roland had arrived in New York and was available anytime, The neat meeting was put on the agenda by them. Knowing that Roland liked to talk about things at the dinner table, Goldman Sachs took the initiative to be the host and invited him to have dinner at the mansion on Long Island.
Such a situation also reminded Roland of his wife, but when he asked Kate if he would like to go with him, the listless guy shook his head, "I'm so sleepy, I don't want to go."
"Are you really okay?" Roland felt a little strange about his wife's behavior.
And Kate's answer made him even more helpless, "I don't know."
"Would you like to go to the hospital?" Roland suggested again, having no other choice.
This time, Kate is not stubborn anymore, "Then wait until your work is done, I want to go back to Los Angeles to see."
Not only that, she also gave her own reasons, "Even if there is any problem, I can live at home directly. Do you remember when I was filming "Titanic" before, I had a fever and you sent me to the hospital? Those days suffocated me!
In the future, no matter what happens, I don't want to go to the hospital.
A place full of sick people is uncomfortable to stay in. "
'have to…'
When Kate nestled in Roland's arms, rubbing her cheek against his abdomen like a cat, Roland didn't have a temper because of her soft appearance. Even if her thoughts were a bit outrageous, it was not unacceptable to Roland.
He took out the thermometer his wife carried under his armpit, and after confirming that she didn't have a fever, Roland pinched her earlobe and said, "Okay, it's up to you, I'll let David prepare it first, and let him go to Beverly Hills." Make a medical area in the hilltop castle.
If you don’t want to go to the hospital, then there is always a medical team at home. "
"Okay!" Kate was very satisfied with this answer. While getting up from her husband's arms, she kissed Roland on the cheek, then happily pulled him up, pushed him to the dressing table, and said, "Night See the Goldman Sachs and Guggenheim people, huh?
I will choose clothes for you! "
Note: ① Seligman written in the article is the cousin of Peggy Guggenheim’s mother Floret in the Guggenheim family, so before Goldman Sachs messed with the bank, they had already borrowed from Guggenheim The influence of Haim and Rothschild expanded wildly. ②The rise of Goldman Sachs is related to the "1933 Banking Act". It is precisely because of the forced distinction between commercial banks and investment banks that Seligman will not recover. Of course, the real focus is on commercial banks and investment banks in the 1980s When they all wanted to intervene in each other's business again, Robert Rubin of Goldman Sachs, the sixth chairman, let Zipperton of the Donkey Party forcibly push down the "Glass-Steagall Act" after he took office. After depriving the US Commodity Futures Trading Commission of its regulatory power over the financial derivatives market' was written into the Financial Services Modernization Act, Goldman Sachs frantically bought shares in major banks. It is not an exaggeration to say that the Donkey Party belongs to Gao Shengkai. ③In reality, the donkey party’s compromise on shale oil also originated from Goldman Sachs. In 2006, the small bush hired Henry Paulson, the ninth chairman of Goldman Sachs, as the Secretary of the Treasury. In order for him to arrive in Washington smoothly, the small bush Bush also changed the tax rules specifically for him alone, so that he would not have to pay taxes when he liquidated Goldman Sachs stock before taking office. ④The relationship between Ronald Perelman and Guggenheim is not as simple as it is written in the article. In reality, he has donated money to the museum of the other party many times, and the largest one reached 20 million.
(end of this chapter)