RIP: Goldman Partners’ Interest in Public Service

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Felix Salmon got an email from a Goldman Sachs spokesman responding to Matt Taibbi’s lambasting of the company in Rolling Stone. (Taibbi called Goldman “the planet-eating Death Star of political influence” and accused it of engineering “every major market manipulation since the Great Depression.”) After calling Taibbi’s piece “hysterical,” the spokesman, Lucas Van Praag, told Salmon the sad news that “in the wake of the events of the past year or two, Goldman’s partners have pretty much lost their appetite for going into public service.” The horror, the horror! Whatever will we do without their enlightened leadership?

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FACT:

Mother Jones was founded as a nonprofit in 1976 because we knew corporations and the wealthy wouldn't fund the type of hard-hitting journalism we set out to do.

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