Wednesday, June 30, 2010

Reverse takeover of Bank of Canada by Goldman Sachs

Don’t kid yourself. Mark Carney’s policy of killing income trusts (while in the Department of Finance) was taken directly from the play book of Goldman Sachs and the wishes of Goldman’s clientele.

Bank of Canada taps Goldman Sachs for Carney advisor

Hodgson to be senior representative for financial markets at the BoC’s Toronto office

Wednesday, June 30, 2010

By James Langton

The CEO of Goldman Sachs Canada, Timothy Hodgson, has been appointed a special advisor to Bank of Canada governor Mark Carney, the central bank announced Tuesday.

Hodgson will serve for an 18-month term, beginning September 1, with a particular focus on developing and implementing reforms to enhance the resilience of repo and over-the-counter derivatives markets, and increasing the capital adequacy of financial institutions.

He will become senior representative for financial markets in the BoC’s Toronto office, leading a team that is responsible for maintaining the central ank’s relationship with the financial community, and contributing to its analysis of financial markets, institutions, products and regulations. He will also serve as a member of the BoC’s Monetary Policy Review and Financial System Review committees.

“Tim Hodgson is one of Canada's top investment bankers. He is widely recognized for his exceptional transaction skills and understanding of how markets work. These skills will be invaluable as the Bank works with its partners to design and implement vital reforms,” said Carney, who also worked at Goldman before entering public life.

Born in Winnipeg, Hodgson received his MBA from Ivey School of Business at the University of Western Ontario in 1988 and a B.Com. (Hons) from the University of Manitoba in 1983. Prior to his appointment as CEO of Goldman Sachs Canada in 2005, he held a range of senior positions with Goldman Sachs in its telecom, media and technology group in both New York and California, and in the investment banking services group, covering clients in Canada. Before joining Goldman Sachs in 1990, he worked at Salomon Brothers Inc, Price Waterhouse & Company, and Merrill Lynch Canada Inc.


Dr Mike said...

Does no one smell any rodent related odours here??

If it grey , fury , has a pointy nose , loves cheese & squeaks a lot , then it sounds mighty lot like it could be "Ben" in sheep`s clothing.

Me thinks we are going to need a big trap for this one.

Dr Mike

Anonymous said...

I guess this pretty much completes the incestuous circle?

Anonymous said...

Is this an example of what the the head of the Canadian Security Intelligence Service meant when he revealed that there are those in government who are being influenced by foreign governments and sympathetic to the wishes of outside interests?

Anonymous said...

What a joke - they don't even bother hiding it anymore.


Brent Fullard said...

Gee, and I thought that Carney was the Boy Wonder of Goldman Sachs. Why would he need Hodgson? I thought Carney possessed “exceptional transaction skills and understanding of how markets work”? I guess not.

Anonymous said...

Guess they aren't finished screwing us all yet . . . Bulking up on more GS shitheads - Fu#*-ng joke!

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