Will You Trust Marcus (And Goldman Sachs) With Your Debt?
The shadow of the financial crisis continues to haunt big banks. Can digital products like Marcus exorcise those ghosts?
The shadow of the financial crisis continues to haunt big banks. Can digital products like Marcus exorcise those ghosts?
One hundred and sixty-eight years ago, at a time when U.S. states still minted their own currency and the Statue of Liberty had yet to be built, a Bavarian immigrant by the name of Marcus Goldman first stepped foot on American soil. For two decades our humble hero made a living as a peddler and shopkeeper. Then, in 1869, he reinvented himself as a banker, brokering IOUs from a basement office next to a coal chute in the shadow of Wall Street. He died at age 82, father to five children and the beginnings of a financial empire.
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