For much of its storied 142-year history, Goldman Sachs has projected an
image of being better than its competitors.smarter, more collegial, more
ethical, and far more profitable. The firm.buttressed by the most aggressive
and sophisticated PR machine in the financial industry.often boasts of
"The Goldman Way," a business model predicated on hiring the most talented
people, indoctrinating them in a corporate culture where partners stifle
their egos for the greater good, and honoring the "14 Principles," the first
of which is "Our clients' interests always come first."

But there is another way of viewing Goldman.a secretive money-making machine
that has straddled the line between conflict-of-interest and legitimate deal-
making for decades; a firm that has exerted undue influence over government
since the early part of the 20th century; a company composed of "cyborgs" who
are kept in line by an internal "reputational risk department" staffed by
former CIA operatives and private investigators; a workplace rife with brutal
power struggles; a Wall Street titan whose clever bet against the mortgage
market in 2007.a bet not revealed to its clients.may have made the financial
ruin of the Great Recession worse.

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