Goldman Sachs

Goldman Sachs: Now is the time to adapt to climate change

Even Goldman Sachs believes climate change is real. And they suggest

it may be prudent for some cities to start investing in adaptation now," Goldman said, adding that "urban adaptation could drive one of the largest infrastructure build-outs in history."

They warn of "significant risks," especially to the world's largest cities that are located at or near sea level, noting that 40% of the population lives near the coasts.

Tillis stages a love-in for Goldman Sachs

Yeah, sure, just a bunch of little guys helping out:

"I feel like sometimes I'm living a reality TV version of Atlas Shrugged," Tillis quipped during the confirmation hearing for Jay Clayton, Trump’s nominee for chairing the Securities and Exchange Commission. "There are a lot of people in this Congress that want to beat down job creators and employers. People want to demonize Goldman Sachs. That’s an easy thing to do, right? Just beat up on a financial services institution. An institution that’s committed to, let me look at the general numbers here ― they have 36,500 employees. There’s probably a lot of little guys in there. They’ve contributed billions of dollars to nonprofits.”

In order to understand why Tillis would put on such a show, you need to understand the man himself. He didn't dream of becoming a powerful elected official, that's just one of the steps in his Plan B. He really wanted (and still wants) to become a high-roller in the investment, banking, and finance realm. When he tried it before he realized he just didn't have the money or fame to pull it off. You need one or the other to sucker people into giving you their accumulated wealth to play with, and Tillis is almost there right now. And I doubt he has the patience to wait another six years to cash in, so 2020 is the launch date. Take a look at the dude he's cheering on for SEC Chairman:

Subscribe to RSS - Goldman Sachs