Money and Power
Encyclopedia
Money and Power: How Goldman Sachs Came to Rule the World is a 2011 book written by William D. Cohan
. It chronicles the history of Goldman Sachs
, from its founding to the subprime mortgage crisis
of 2008.
William D. Cohan
William D. Cohan is a contributing editor at Fortune, and award-winning former investigative newspaper reporter based in Raleigh, North Carolina, who worked on Wall Street for seventeen years. He spent six years at Lazard Frères in New York and later became a managing director at JP Morgan Chase....
. It chronicles the history of Goldman Sachs
Goldman Sachs
The Goldman Sachs Group, Inc. is an American multinational bulge bracket investment banking and securities firm that engages in global investment banking, securities, investment management, and other financial services primarily with institutional clients...
, from its founding to the subprime mortgage crisis
Subprime mortgage crisis
The U.S. subprime mortgage crisis was one of the first indicators of the late-2000s financial crisis, characterized by a rise in subprime mortgage delinquencies and foreclosures, and the resulting decline of securities backed by said mortgages....
of 2008.