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Small world

Yesterday, Mark Carney, the Governor of the Bank of Canada strongly endorsed the U.S. government's $700-billion bailout plan for Wall Street’s troubled financial institutions as "critically important" to bringing the crisis under control.

Political Bytes

Chris Goldrick

It should be pointed out Carney is keenly familiar with Wall Street, and with one of the key figures in Washington scrambling to save the U.S economy.

Carney is a veteran of the U.S investment banking business, after spending 13 years employed at Goldman Sachs, with several of them on Wall Street in a variety of roles including managing director of investment banking.

And while Carney was leapfrogging up the corporate ladder at Goldman Sachs, Henry Paulson the current U.S Treasury Secretary and the man spearheading the U.S government bailout was a high-flying colleague.

Paulson eventually became Chairman and Chief Executive Officer at Goldman Sachs.

Chris Goldrick