With alumni in the White House, Goldman sees an opening
https://www.cnbc.com/2017/08/23/with-alumni-in-trump-white-house-goldman-sees-an-opening.html
When Lloyd Blankfein, Goldman Sachs' chairman and chief executive, arrived at the Rayburn building on Capitol Hill in late 2010, he was battered and bruised. At the time his bank was viewed as a vivid example of Wall Street misbehaviour. In the previous months it had been sued by regulators, flayed by lawmakers then damaged by the passage of Dodd-Frank, a law that would curtail its freedom in the name of preventing another financial crisis.
Mr Blankfein was going to meet its co-author Barney Frank, the Massachusetts Democrat and chairman of the House's financial services committee. Goldman Sachs had concerns over the new oversight regime, but it could not afford to look intransigent. "I'm for smart regulation," Mr Blankfein said in the private encounter, trying to sound co-operative. "And I'm for f---ing dumb regulation," Mr Frank replied sarcastically...
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