That we can trace stories on the low ethical character of major company players continues to be Goldman's walk of shame even if it is not directly related to the Music City Center. The caliber of the company Metro hired matters. We should not divorce the pattern of hubris of this company from their business dealings with Metro. Each Goldman misstep elsewhere should be localized at least with the question of whether they might be prone to so misstep here, especially when we have a news media who are prone to ignore bad news in favor of the press releases issued from the Mayor's Office.
The latest news is that a Goldman Sachs executive held an obscenely opulent tween party for his daughter in Denver:
[Jeffrey Verschleiser] ... heads Goldman’s mortgage division now. And after cutting a mile-wide swath of losses through the American economy, helping destroy two venerable firms in Bear and Ambac, bilking the taxpayer for untold millions more (he is also named in a lawsuit filed by the Federal Housing Finance Agency for allegedly speeding bad loans onto securitization before they defaulted), Verschleiser is now living the contented life of a proud family man, renting out a 94-room hotel for three days for his daughter’s Bat Mitzvah.
It’s certainly heartening that Verschleiser is spending this money on his daughter instead of, say, hiring a busload of Jamaican hookers to spend the weekend lounging with him in a hot tub full of Beluga caviar. People ought to give their children the best, I guess. But there’s this, too: at a time when one in four Americans has zero or negative net worth, renting a 94-room hotel for three days for a tweenager party might already be pushing the edge of the good taste/tact envelope. Even for the most honest millionaire in Aspen, it would seem a little gauche.
We will see whether any lapses of good taste manifests around Nashville's trickle-down convention center project, a mechanism designed by and for elites without deep connections to the local community.