New York Fed Tries To Seal Lawsuit From Examiner Fired For Taking On Goldman Sachs

By: Wednesday October 16, 2013 8:29 am

The New York Federal Reserve was not content with just firing Carmen Segarra for taking on Goldman Sachs now they are trying to have her lawsuit sealed. The NY Fed’s justification for sealing the documents and parts of the complaint is the accusation that Segarra stole the documents she is using in her case. In [...]

New York Federal Reserve Fired Examiner Who Took on Goldman Sachs

By: Friday October 11, 2013 7:32 am

Former New York Federal Reserve Bank Examiner Carmen Segarra has a filed a wrongful termination lawsuit against the New York Federal Reserve. In the suit Segarra claims that while acting as a bank examiner for the NY Fed she was told to falsify findings on Goldman Sachs and when she refused was fired. Under a [...]

Goldman Sachs Chief Says Solution To Occupy Wall Street Is Reeducation Of Public

By: Thursday September 26, 2013 8:08 am

So, Wall Street, what have you learned the last five years? What is the lesson? According to Goldman Sachs CEO Lloyd Blankfein there is no lesson and the only problem with Wall Street crashing the economy, using their political power to get a bailout, and then paying themselves bonuses with that bailout money was that [...]

National Credit Union Administration Sues Wall Street Banks For Fraud In Mortgage Market

By: Tuesday September 24, 2013 7:47 am

The National Credit Union Administration (NCUA), a government regulator, has filed a lawsuit against Morgan Stanley, Barclays, JPMorgan, Credit Suisse, Royal Bank of Scotland Group, and UBS for selling fraudulent mortgage-backed securities to credit unions. The sales of these securities amounted to $2.7 billion. Goldman Sachs, Wachovia, Wells Fargo, and Ally Securities also allegedly sold [...]

Goldman Sachs Makes Bad Trades, Wants Money Back

By: Wednesday August 21, 2013 8:35 am

When things don’t go your way it is really a learning experience – life is like that sometimes. We all have to accept that life isn’t fair and sometimes we lose despite what we think should happen – oh, unless we are Goldman Sachs. I forgot the life is funny sometimes speech is for the [...]

JPMorgan Under Criminal and Civil Investigation Over Mortgages

By: Thursday August 8, 2013 8:04 am

One of Wall Street’s Too Big To Fail banks is under criminal investigation for its practices in the mortgage market.  JPMorgan Chase & Co. disclosed in a SEC filing that it was under criminal investigation and had already been notified by the Department of Justice’s civil division that it had violated federal securities laws in [...]

Goldman Sachs Trader Found Liable For Fraud That Contributed To Financial Crisis

By: Friday August 2, 2013 5:43 am

Fabrice “Fabulous Fab” Tourre was found liable by a jury of six counts of civil securities fraud. Tourre was at the center of Goldman Sachs’ trading in the mortgage backed security market in which Goldman Sachs helped sell poorly constructed frankenbonds made up of various people’s mortgages known as Collateralized Debt Obligations or CDOs to [...]

Goldman Sachs Aluminum Scheme Cost American Consumers $5 Billion Past Three Years

By: Monday July 22, 2013 7:57 am

Wall Street figured out another scam. Instead of creating a doomsday securitizing machine for the mortgage market, they are going old school – manipulating commodity prices for fun and profit. According to the New York Times, Goldman Sachs and other firms have been manipulating the aluminum market by moving the metal between warehouses and delaying [...]

Goldman Sachs Gets Into Public Education

By: Wednesday June 26, 2013 7:37 am

The corporate “ed reform” movement to privatize public education is quite lucrative – public education spending runs in the billions across the country. So should anyone be surprised that Wall Street has stepped out of the shadows to get in on the action? Wall Street has already been the funding base for Michelle Rhee and [...]

Former Goldman Sachs Programmer Back To Court

By: Monday June 10, 2013 8:26 am

Sergey Aleynikov is set to go back to court. Aleynikov was previously a programmer for Goldman Sachs who was tried and convicted of theft of trade secrets in federal court – a conviction that was overturned on appeal. Now Aleynikov is facing charges under New York State law for the same actions that were ruled [...]

Adbusters Targets Goldman Sachs In New Campaign

By: Monday April 1, 2013 6:00 am

Adbusters, the group that helped launch the Occupy Wall Street movement, has decided to target Goldman Sachs in its next campaign. The campaign will work like a “live action game” with points being awarded to protesters. Hey all you rebels, jammers and meme warriors out there, Let’s play a game. Goldman Sachs, the most powerful [...]

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