Wall Street's influence stems not just from money but from a near-monopoly on financial expertise—possibly greater than its true expertise justifies—so when policymakers like Paulson consult Blankfein or Dimon during critical periods, they receive not objective truth but truth filtered through and shaped to fit those firms' interests.
causalpending
Speaker
Daron AcemogluEvidence Quote
“what he's getting of course is not the objective truth but the truth... filtered... so that it actually fits the interests of their company”
Created: 6/16/2026, 2:36:28 PM
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