Government's "Gravy Train" for lobbyists and behind the goldman curtain
A new Federal Reserve research paper posits changing the goalposts for raising short-term interest rates, a big sell-off of Tesla stock triggered the NASDAQ's short sale circuit-breaker, and the CFTC's Bart Chilton announced he's stepping down from his leadership role. We sit down with Jack Abramoff, DC's most infamous lobbyist, about Dodd Frank and the "gravy train" that is the government. Plus, we discuss organizational drift at Goldman Sachs with Steven Mandis, author of the new book "What Happened to Goldman Sachs." In today's Big Deal, we look into the brain drain on Wall Street, as prestigious universities see their graduates head off to the tech industry.
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