Gary Cohn on the recession

Gary Cohn, the former economic adviser to President Donald Trump and former chief operating officer of Goldman Sachs, said market speculators — such as waitresses in Las Vegas — share part of the blame for the Great Recession “Who broke the law? I just want to know who you think broke the law,” said Cohn as quoted by Reuters. “Was the waitress in Las Vegas who had six houses leveraged at 100 percent with no income, was she reckless and stupid? Or was the banker reckless and stupid?” “We don’t know of any workers who destroyed the U.S. economy with fraudulent esoteric credit products," said culinary union secretary-treasurer Geoconda Arguello-Kline.