Chapter 450: A Family Group Inherited for a Hundred Years

It is often said that Wall Street is dominated by Jews.

This sentence is actually not accurate.

Because before the subprime mortgage crisis, the pattern of the five largest investment banks in the United States was divided into three parts.

The Anglo-Saxon branch controlled Morgan Stanley and Bear Stearns, the Jews controlled Goldman Sachs and Lehman Brothers, and Merrill Lynch, which was related to Little Bush and his father's father's father-in-law, was home to Irish Catholics.

But in the aftermath of the subprime mortgage crisis, with the takeovers of Merrill Lynch and Bear Stearns, and the bankruptcy of Lehman Brothers, Wall Street became a big platform for Anglo-Saxons and Jews to compete with each other.

There is no way, who will let the only ones who survive be Morgan Stanley and Goldman Sachs?

Morgan Stanley doesn't need to be introduced, because there are too many legends of the Morgan family, and Goldman Sachs ......

Since its founding, it has been a family business that breaks bones and tendons, and the blood of the Jews stretches for a hundred years.

Its founder, Marcus Goldman, was a German-Jew, born in Germany in 1821, immigrated to the United States in 48, initially in Philadelphia, but when he felt that the money was too slow to do business, he and his friend Joseph Sachs, who was also a German-Jew, came to New York and started his own IOU economy business in Manhattan.

At first, Goldman Sachs' business was not very good, because there were too many companies in the market that were engaged in the IOU economy, and the competition was fierce, and the best ones were the "J and W Seligman" founded by Joseph Seligman, who was also a German Jew, and his brother James Seligman.

Because they are backed by the Guggenheim family, they can easily obtain the financing business of major railroads in the United States.

Not only that, but the Standard Oil of the Rockefeller family, which had a monopoly on oil energy in the United States, was also established with their help, and in addition to this, General Motors, which went bankrupt in the subprime mortgage crisis, was also established.

It is precisely because there is an insurmountable behemoth on the road to development, so Marcus Goldman never thought about making Goldman Sachs bigger and stronger from the beginning, and it was his greatest vision to let his family have a bite to eat, 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 party's son.

And that guy is called Samuel Sachs.

That 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 feel that Goldman Sachs changed hands not long after its founding, because the change of people's names will not change the ownership of the company, and there is a relationship between father-in-law and son-in-law, then everyone is a family.

Just like the names of the little bushes and the old bushes will always have Walker in them.

What their great-grandfather laid for them, they will always remember.

Of course, this is not the most bullish beep.

The most bullish beep is that Samuel Sachs has a small hair.

It's called Philip Lehman.

That's right, it's Lehman Brothers.

And Philip Lehman is the son of Emmanuel Lehman, the founder of Lehman Brothers.

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 took advantage of the high value of cotton and used it as payment currency.

They accept the raw cotton from customers as payment for the purchase of goods, and after they get the cotton, they try to sell it all over the country, and when the quantity increases, they set up their own cotton exchange and make up futures.

Although cotton futures are not a big business, compared with the kind of 'J and W Seligman' who gave loans to Standard Oil and the United States National Railroad Construction, it is simply a speck of dust in the universe, but it doesn't matter if the industry is small, as long as you monopolize it, you will have money!

And when Samuel Sachs found out that his small family business was actually quite good, he had already entered his father-in-law's company, so he used the resources of Goldman Sachs to start a coffee business with Philip Lehman Brothers, who also entered the family business Lehman Brothers, and founded a coffee exchange with other coffee raw material suppliers.

Because this is also a monopoly business, so what they earn, that's called a lot of money.

But their coffee exchange has only been in business for a few years, and before they can earn enough, the New York Stock Exchange threw an olive branch to Goldman Sachs, which has begun to take shape, hoping that they can join, and after discovering the new world of public offerings, a single exchange can no longer satisfy Samuel Sachs's ambitions, and he took over the power of the company from his father-in-law and led Goldman Sachs to the road of securities underwriting, not only that, but he also pulled Philip Lehman Jr. together to bring General Cigars to the market.

So, many of the coincidences in history are not coincidences.

Why did Lehman Brothers enter the securities underwriting market in the same year as Goldman Sachs?

Two people are doing business together, can they 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 is not related to the founder Marcus Goldman, and is not related to Samuel Sachs, he is the grandson of Marcus Goldman and the confidant of Paul Sachs, the eldest son of Samuel Sachs.

Sidney Weinberg dropped out of middle school and sold newspapers at the Manhattan and Brooklyn ferry terminals as a teenager, and because of his Jewish looks, Paul Sachs, who often traveled back and forth from Manhattan to Long Island, found out that the boy was always scolded by the foreman and let him follow him.

At first, Paul Sachs gave him the position of a doorman, but how could Sidney Weinberg, who knew that the opportunity was not easy to come by, pass up this hard-won opportunity? So while acting as a doorman, he also did a lot of chores.

For example, brush the hat of the company's partners~

Wipe the dirt off the side of the shoes of those capitalists~

Seizing the opportunity, Sidney Weinberg showed exactly what a licking dog should be, and after discovering that the guy he picked up would be really pleasing to people, Paul Sachs promoted him to the company's mailroom, and after he showed his loyalty, the Brown School of Business in Brooklyn opened the door directly to him.

According to the normal routine, Sidney Weinberg would immediately join Goldman Sachs after completing his studies, but because of the implementation of the antitrust act, Standard Oil was split, and Paul Sachs, who also saw that he had a monopoly on power, like Little Bush's great-grandfather, let Sidney Weinberg take the opportunity of World War I to seek opportunities in the military.

Sidney Weinberg, who had licked dogs, understood what his master wanted him to do, and after joining the Navy, he hugged the lap of the then Assistant Secretary of the Navy and the future president in wheelchairs.

This achievement made him directly promoted by Paul Sachs to a senior partner of Goldman Sachs.

He served as Chairman of the Board and Chief Executive Officer until his death in 1969.

And before he died, 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 agreement of the Goldman Sachs and Sachs families, Gus Levy ascended to the throne, and after him, Goldman Sachs' fifth successor, John Weinberg, was the son of Sidney Weinberg.

No way!

Who made Sidney Weinberg's contribution to Goldman Sachs too much?

During his time at the helm of Goldman Sachs, Goldman Sachs developed by leaps and bounds.

With the endorsement of the wheelchair president, no one can scare them!

And the most important thing is that the 'J and W Seligman' company that was in front of Goldman Sachs was also forcibly broken up because of the "Glass-Steagall Act" forced by the president of the wheelchair......

Wasn't it licked out by Sidney Weinberg a long time ago?

With such feats, even if they are retainers of the Saxophone family, they are the most shining ones!

What's more, Sachs and Goldman Sachs directly listed it as a senior partner to the shares!

Lao Tzu finished his son's work, and his son finished his grandson and continued to enter the company!

From '6 to '15, Goldman Sachs Vice Chairman Weinberg, that's Sidney Weinberg's grandson!

The principle of avoidance of close relatives in the financial industry, that's a joke!

The helmsman of Goldman Sachs for a hundred years is a family!

Of course, the Goldman Sachs family and the Sachs family also understood that this kind of cronyism would cause serious dissatisfaction from the outside world, so after John Weinberg stepped down, Goldman Sachs officially entered the joint management stage.

But......

This is actually the dumb man telling the deaf that the blind man has seen a ghost.

Because the management after that, it doesn't matter anymore.

The sixth chairman, Robert Rubin, was Jewish, and after two years of work, he was 'pulled' to Washington by Goldman Sachs-backed Zipperton, where he became Assistant to the President for Economic Policy in the White House and headed the National Economic Council;

After him, the seventh chairman, Stephen Friedman, also Jewish, worked for two years before being 'pulled' to Washington by Goldman Sachs-backed Zipper to serve as a member of the President's Advisory Intelligence Committee;

Although the eighth Jon Cozan behind him is not Jewish, after he entered Goldman Sachs, he has been working with John Weinberg, and all projects can be reported directly, and after four years of work, he was "pulled" by Goldman Sachs-backed Zipper to Washington, D.C., as chairman of the presidential budget committee, and concurrently chairman of the U.S. Treasury 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 100 years?

No kidding......

That's not their task at all!

Their task is to hold on to power and continue to plunder!

How should a country's economic development be determined? How should the financial lifeline be continued?

Isn't this all political?

How can you play with money?

Where is the right to play, the money and the right to be double?

And when the chairmanship becomes dispensable, who is leading Goldman Sachs?

Open Goldman Sachs' list of senior partners, that litany of Jews......

It hasn't changed.

It is precisely because the century-old inheritance of the two families has never been broken that the Jewish identity has become their entry mark.

Ronald Perelman is Jewish, so he naturally enters the Donkey Party camp controlled by Goldman Sachs;

The Guggenheims, who married the Rothschilds, have always been Jewish, so of course he can work with Goldman Sachs;

Warren Buffett, who developed with the thigh of Kathleen Graham, the first lady of the American newspaper industry, has long belonged to this camp, Roland...... Although Steven Spielberg is only a rich man compared to them, the power that comes with bloodline can give Roland a ticket to the circle like Warren Buffett.

Countless rich people have been unable to find a way to get promoted in their lifetime, and Roland can go flat, and what he has paid ......

In fact, there is only a small price to pay for supporting DreamWorks.

And these things are really insignificant to him.

Steven...... What a good man......" Roland sighed with emotion.

Now he is very glad that he has pursued the idea of hugging his legs from the beginning.

If he was as scared as the other traverser predecessors, then Goldman Sachs would not sit down with him to talk at all.

When Roland decided to meet with the Guggenheim and Goldman Sachs, Ronald Perelman, the intermediary, happily helped them contact, and when they learned that Roland had arrived in New York and had time at any time, Lisso's meeting was put on their agenda, and after 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 eat at the house on Long Island.

This 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 sleepy and don't want to go." ”

"Are you really okay?" His wife's behavior made Roland feel a little strange.

And Kate's answer made him even more helpless, "I don't know." ”

"Why don't you go to the hospital?" Roland, who had no choice, proposed again.

This time, Kate was not stubborn, "Then when you're done, I want to go back to Los Angeles." ”

Not only that, but she also gave her own reasons, "Even if there is a problem, I can live directly at home." Do you remember when you were filming "Titanic" before, I had a fever and then you sent me to the hospital? Those days suffocated me!

After that, no matter what happens, I don't want to go to the hospital.

It's a place full of sick people, and it's uncomfortable to stay. ”

'Got ......'

When Kate nestled in Roland's arms, rubbing her cheeks against his abdomen like a cat, that soft appearance made Roland have no temper, even if her idea was a little outrageous, but for Roland, it was not unacceptable.

After taking out the thermometer that his wife was holding in the armpit and confirming that she did not have a fever, Roland pinched her earlobe and said, "Okay, it's all up to you, I'll let David prepare first, and let him make a medical district at the top of Beverly Castle."

If you don't want to go to the hospital, you can have a medical team at home. ”

"Okay!" Kate was so satisfied with this answer that she kissed Roland on the cheek while getting up from her husband's arms, and then happily pulled him up and pushed him to the dresser, saying, "See Goldman Sachs and the Guggenheim at night, right?"

I'll choose your clothes! ”