Banker Elites and U.S. Tech Policy Toward China
BACK TO THE FUTURE OF GOLDMAN SACHS GOVERNMENT
Oct. 17, 2008 – THIS summer, when the Treasury secretary, Henry M. Paulson Jr., sought help navigating the Wall Street meltdown, he turned to his old firm, Goldman Sachs, snagging a handful of former bankers and other experts in corporate restructurings. In September [2008], after the government bailed out the American International Group, the faltering insurance giant, for $85 billion, Mr. Paulson helped select a director from Goldman’s own board to lead A.I.G.
In September, after the government bailed out the American International Group, the faltering insurance giant, for $85 billion, Mr. Paulson helped select a director from Goldman’s own board to lead A.I.G.
And earlier this month, when Mr. Paulson needed someone to oversee the government’s proposed $700 billion bailout fund, he again recruited someone with a Goldman pedigree, giving the post to a 35-year-old former investment banker who, before coming to the Treasury Department, had little background in housing finance.
Indeed, Goldman’s presence in the department and around the federal response to the financial crisis is so ubiquitous that other bankers and competitors have given the star-studded firm a new nickname: Government Sachs.
Is this racing against the clock of Full Conductor Supremacy or racing against the Ghost of the Super Power Status?
Huawei Banned by USA and Disconnected by Europe
Said El Mansour Cherkaoui September 21, 2023 – MOROCCO DIGIT FOR ALL
Gradually, the U.S. and its allies, including the U.K. and Australia, have barred Huawei from … Continue reading Huawei Banned by USA and Disconnected by Europe
China and the U.S. are Changing the World of the Semiconductor Industry
Said El Mansour Cherkaoui July 4, 2023 – MOROCCO DIGIT FOR ALL – Contact: saidcherkaoui@triconsultingkyoto.com Tate Yoko Research Institute – TRI – https://triconsultingkyoto.com … Continue reading
Semiconductor Conducting the New US-China Relationship
Said El Mansour Cherkaoui June 29, 2023 – MOROCCO DIGIT FOR ALL – Publications on Semiconducteur Conducting the New US-China Relation by Said El Mansour Cherkaoui – Said … Continue reading
9/22/2023 by Said El Mansour Cherkaoui – Said Cherkaoui
Email: saidcherkaoui@triconsultingkyoto.com
Goldman Banker Quits to Join Biden’s Made-in-USA Chips Push
- Linga trades Wall Street role for $183,500 government job
- The program aims to make the US a leader in advanced semiconductors
The semiconductor program is within the US Commerce Department, led by Gina Raimondo.
By Sridhar Natarajan and Eric Martin
April 13, 2023 at 8:45 AM PDT
Updated on
The Biden administration has lured away a Goldman Sachs Group Inc. banker to help build a program that will act as a quasi-investment firm to ramp up US semiconductor production amid a growing feud with China over technology leadership and security.
Srujan Linga, who’s been at the Wall Street giant for 16 years, will take a role within the Commerce Department to help invest more than $50 billion and make loans as part of the CHIPS for America program. Linga, a 39-year-old managing director at Goldman, will be swapping a position where his compensation approached $5 million in some recent years for the $183,500-a-year government job.
The Biden administration has lured away a Goldman Sachs Group Inc. banker to help build a program that will act as a quasi-investment firm to ramp up US semiconductor production amid a growing feud with China over technology leadership and security.
Srujan Linga, who’s been at the Wall Street giant for 16 years, will take a role within the Commerce Department to help invest more than $50 billion and make loans as part of the CHIPS for America program. Linga, a 39-year-old managing director at Goldman, will be swapping a position where his compensation approached $5 million in some recent years for the $183,500-a-year government job.
