Goldman Sachs has become, in certain circles, a punching bag for demagogues and panderers who would have you believe that the firm somehow symbolizes all that critics dislike about global capitalism in general and Wall Street in particular.
Goldman deserves better, but that’s another argument for another time. For now, it is important to note the firm now has a financial stake in reforming New York’s criminal justice system. It’s the sort of public-private policy initiative that ought to be encouraged at all levels of government, particularly as states and municipalities continue to struggle with budget deficits. Read More