Megabanks and other large financial institutions in the United States and the people who lead them all have their own stories and monikers. Goldman Sachs has a reputation for providing a steady stream of treasury secretaries through the revolving door between New York and Washington, earning it the nickname “Government Sachs.” Steven Mnuchin, Henry Paulson, and Robert Rubin all made the transition from Goldman to treasury secretary in the past few decades. Many books have chronicled the history of Goldman Sachs, whose founding dates back to the 1860s.
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