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My old firm, Goldman Sachs - traditionally, the best banks are leveraged 8:1. When we had the financial crisis in 2008, the investment banks were leveraged 35:1. Those rules had specifically been changed by a guy named Hank Paulson. He was secretary of Treasury.
Steve Bannon
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"My old firm, Goldman Sachs - traditionally, the best banks are leveraged 8:1. When we had the financial crisis in 2008, the investment banks were leveraged 35:1. Those rules had specifically been changed by a guy named Hank Paulson. He was secretary of Treasury."
— Steve Bannon #moneywealth

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My old firm, Goldman Sachs - traditionally, the best banks are leveraged 8:1. When we had the…

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My old firm, Goldman Sachs - traditionally, the best banks are leveraged 8:1. When we had the financial crisis in 2008, the investment banks were leveraged 35:1. Those rules had specifically been changed by a guy named Hank Paulson. He was secretary of Treasury. — Steve Bannon

About Steve Bannon

Steve Bannon was a Public Servant from United States (1953–present).

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Who said "My old firm, Goldman Sachs - traditionally, the best banks are leveraged 8:1. W…"?
This quote is attributed to Steve Bannon, a Public Servant from United States.
When did Steve Bannon live?
Steve Bannon lived from 1953 – present.
What is this quote about?
This quote touches on Money & Wealth. Browse more quotes on these themes from the categories page.