Tag Archives: Goldman Sachs

Membership Has Its Privileges

As they say in the American Express commercials, membership has its privileges. Membership in the Big Club is no different. It allows you to do things like ignore six subpoenas from the Feds: “U.S. securities regulators accused Wells Fargo & … Continue reading

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White House Moving to Wall Street

Breaking news: In order to cut down on travel time through the revolving door for President Obama’s outgoing and incoming team of  advisers, the White House is moving from 1600 Pennsylvania Avenue. Here’s the new location: Might as well be: … Continue reading

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Goldman’s “Clients” Interests Always Come First” (Snicker)

The giant vampire squid gets the gold mine: “Goldman Sachs makes more money from trading than any other Wall Street firm. In the first quarter, the bank’s $7.39 billion in revenue from trading fixed-income, currencies and commodities dwarfed the $5.52 … Continue reading

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Quote of the Day: Taibbi’s Goldman–Roethlisberger Analogy

From Matt Taibbi’s latest at Rolling Stone, The Feds vs. Goldman: “The bank will try and – who knows – might even succeed in defending itself in a court of law against these charges. But in the court of public … Continue reading

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Oligarchs of a Feather Stick Together

Buffett defends Blankfein: OMAHA, Neb.— Warren Buffett offered a vigorous defense of Goldman Sachs Group Inc. Saturday, saying the embattled firm hadn’t engaged in improper activity and shouldn’t be blamed for the losses of its clients. [...] Mr. Buffett’s comments—which … Continue reading

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Limbaugh: Goldman Sachs is the Victim

From Cenk Uygur at The Young Turks: Unbelievable. Uygur has more at the Huffington Post.

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TARP Inspector General Could Have Geithner In His Sights

Timmy might have bigger problems than his inability to use Turbo Tax. Neil Barofsky, Special Inspector General for the Troubled Asset Relief Program, or SIGTARP, is looking into filing charges in the New York Fed’s handling of the AIG–Goldman Sachs … Continue reading

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Bobbing and Weaving at the Senate Hearings

Former Goldman Sachs executive Daniel Sparks put on a demonstration of bobbing, weaving, ducking, and dodging yesterday in response to Sen. Carl Levin’s questioning about Goldman’s “shitty deal” the likes of which I haven’t seen since Muhammad Ali was in … Continue reading

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Typhoid Lloyd (Blankfein) Spread the Goldman “Poison”

By the summer of 2006, Goldman Sachs executives realized that the subprime mortgage market and its related securities were headed for a fall, “a very unhappy ending” as senior trader Michael Swenson wrote in a 2007 memo. They also knew … Continue reading

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A Crucial Week for Financial Reform

In what’s shaping up as a crucial week in the quest for financial reform there are some encouraging signs, some not so encouraging, and a demonstration by the executives at “the great vampire squid” (aka Goldman Sachs) give us an … Continue reading

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