use leverage with caution...
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Cocaine And Prostitutes Just A Few Of The Perks Of Managing New York State Pension Funds
Top cats in the financial industry often talk about going into public service as if it’s a grand sacrifice. Accepting a measly government salary after so many years of raking in riches is tantamount to swearing to a life of penury. Take Lloyd Blankfein’s recent farewell to departing Goldman President Gary Cohn: “The American people and president-elect are fortunate that he has chosen to serve his country.” But if U.S. Attorney Preet Bharara’s latest case holds, there’s apparently just as much sex and lucre to be had as a loyal public servant as there is as a high-rolling financier. On Wednesday ... (full story)
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