Cost of pursuing a dream?
By: Natalie Herklotz, Henson 2nd Period
To add to that idea of necessary greed, Inside Job claimed that "Hedge fund manager John Paulson made 12 billion dollars betting against the mortgage market. When [he] ran out of mortgage securities to bet against, he worked with Goldman Sachs and Deutsche Bank to create more of them." (Ferguson). Many other companies ruined relationships with their employees and other investors by offering terrible deals. Greg Smith, who wrote "Why I Am Leaving Goldman Sachs", claims that the connection and trust between the company and the clients that lasted for 143 years had been destroyed. Smith no longer wants to work with a company that would persuade "[their] own clients to invest in the stocks or other products that [they] are trying to get rid of because they are not seen as having a lot of potential profit". (Smith 9). Goldman Sachs hurt their relationship with their clients by lying to achieve their dream and receive more profit. Lastly, in "Junk Mortgages Under the Microscope", by Allan Sloan, senior editor of Fortune, raised the question of how "[Goldman Sachs] managed to come out ahead while so many of its mortgage-backed customers were getting stomped." (Sloan 44). Most relationships that are lost while pursuing a dream are the cause of greed, which ultimately cause distrust. Goldman Sachs lost a majority of their investors due to their scheming ways to make a larger profit, their dream was wealth and was willing to take down their supporters in order to achieve the dream. However, in "The Great Gatsby" an emotional relationship dealing with love was hurt because of Daisy's want to be wealthy on East Egg.
Works Cited Page
2. Gekko, Gordon. "Greed is Good." Speech.
3. Smith, Greg. "Why I Am Leaving Goldman Sachs". Why I Am Leaving Goldman Sachs. The New York Times, 14 Mar. 2012. Web. 5 Jan. 2014.
4. Sloan, Allan. "Junk Mortgages Under the Microscope". Junk Mortgages Under the Microscope. Cable News Network, 16 Oct. 2007. Web. 6 Jan. 2014.
5. Inside Job. Dir. Charles Ferguson. 2010. Video. 17 Dec. 2013