HOUSE_OVERSIGHT_029074.jpg
2.14 MB
Extraction Summary
4
People
5
Organizations
4
Locations
2
Events
3
Relationships
3
Quotes
Document Information
Type:
Transcript / house oversight committee record
File Size:
2.14 MB
Summary
This document is a transcript page (marked HOUSE_OVERSIGHT_029074) capturing a Q&A session at a conference on poverty. A question is posed by Deborah Lubov of Zenit news agency to 'Bannon' (Steve Bannon) regarding the role of investment banks in combating poverty. Bannon responds by critiquing the greed of investment banks, specifically citing leverage ratio changes at Goldman Sachs under Hank Paulson, and laments the lack of criminal charges against bank executives following the 2008 financial crisis.
People (4)
| Name | Role | Context |
|---|---|---|
| Bannon | Speaker |
Answering questions at a conference; former Goldman Sachs employee.
|
| Benjamin | Attendee |
Addressed by Bannon in the opening; noted for being 'cleaned up' for the conference.
|
| Deborah Lubov | Questioner |
Vatican correspondent for Zenit news agency; former PricewaterhouseCoopers employee.
|
| Hank Paulson | Former Treasury Secretary / Former Chairman of Goldman Sachs |
Mentioned by Bannon as responsible for changing banking leverage rules.
|
Organizations (5)
| Name | Type | Context |
|---|---|---|
| Zenit news agency |
Employer of the questioner, Deborah Lubov.
|
|
| PricewaterhouseCoopers |
Former employer of Deborah Lubov.
|
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| Goldman Sachs |
Former employer of Bannon; audit client of Lubov; central topic of Bannon's critique regarding leverage.
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| U.S. Department of the Treasury |
Mentioned in relation to Hank Paulson.
|
|
| House Oversight Committee |
Implied by the footer stamp 'HOUSE_OVERSIGHT'.
|
Timeline (2 events)
Locations (4)
| Location | Context |
|---|---|
|
Where Deborah Lubov previously worked.
|
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|
Where Hank Paulson went to ask for rule changes.
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|
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Discussed in the context of economic recovery.
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Implied by Lubov's role as a Vatican correspondent.
|
Relationships (3)
Bannon refers to it as 'My old firm, Goldman Sachs'
Lubov states 'I was working for PricewaterhouseCoopers'
Bannon states 'As chairman of Goldman Sachs...'
Key Quotes (3)
"For Christians, and particularly for those who believe in the underpinnings of the Judeo-Christian West, I don’t believe that we should have a [financial] bailout."Source
— Bannon (implied/pull quote)
(Pull quote centered in the document.)
HOUSE_OVERSIGHT_029074.jpg
Quote #1
"My old firm, Goldman Sachs — traditionally the best banks are leveraged 8:1. When we had the financial crisis in 2008, the investment banks were leveraged 35:1."Source
— Bannon
(Explaining the causes of the financial crisis.)
HOUSE_OVERSIGHT_029074.jpg
Quote #2
"Not one criminal charge has ever been brought to any bank executive associated with 2008 crisis."Source
— Bannon
(Criticizing the lack of accountability.)
HOUSE_OVERSIGHT_029074.jpg
Quote #3
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