Aluchna, Maria2019-09-252019-09-252012-12-212012http://hdl.handle.net/20.500.12424/188627The outbreak of the financial crisis which started in 2007 raises questions on the macroeconomic as well as systemic policies and rules and their enforcement. The central provisions and practice relate to corporate governance and ethical standards on the financial markets. This paper presents a case study of Goldman Sachs, one of the most successful yet the most controversial investment bank known for its strategy linking politics and business. The case study presents and discusses Goldman Sachs’ ethically questionable operations which include helping Greece in the creative accounting for hiding the real debt level though the use of currency swaps, betting against credit default swaps while selling these instruments to clients (ABACUS scheme) and instrumental treatment of customers referred in the company as to the ‘muppets’.engWith permission of the license/copyright holdercorporate governance, financial crisis, ethics, Goldman SachsEconomic ethicsBusiness ethicsConference proceedings