Goldman's Cohn takes on Washington to defend commodities

dimanche 25 mai 2014

Gary Cohn, president and COO of Goldman Sachs, speaks during a news conference, after a meeting with Brazil's President Dilma Rousseff in Brasilia Sen. Sherrod Brown, a Democrat from Ohio, and Goldman Sachs Group Inc. President Gary Cohn, who's from Cleveland, are friendly enough that Brown has been known to rib Cohn for abandoning the Cleveland Indians baseball team in favor of the New York Yankees. The two men first met years ago, and Cohn and his family, who are also Democrats, have contributed to Brown's campaigns. They may like each other, but the two men are antagonists in a battle over whether Goldman can maintain its lucrative role in physically trading stuff ranging from aluminum to coal to natural gas to zinc. Brown, 61, has been a critic of the role that banks, particularly Goldman, play in commodities markets, accusing Wall Street of driving up prices for businesses and consumers.








via Business News - Yahoo Finance http://ift.tt/1lZIHIB

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