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 [...]

Mistakenly Released Documents Reveal Goldman Sachs Screwed IPO Clients

By: Tuesday March 12, 2013 6:54 am

As noted in the Roundup, Goldman Sachs is once again being cited for ripping off its clients, this time in the IPO space. Goldman had already paid massive fines for causing the mortgage crisis by selling its own clients toxic assets. Later the firm would take considerable reputational damage when a former Goldman Sachs executive, [...]

Goldman Sachs Already Finding A Work Around For Volcker Rule

By: Tuesday March 5, 2013 7:39 am

More evidence the Dodd-Frank reform law was an exercise in futility as Reuters reports Goldman Sachs may have already found a work around. Under the new law investment banks such as Goldman Sachs are supposed to be prohibited from making risky private equity investments under the Volcker Rule. But sources reveal that Goldman has simply [...]

Goldman Sachs Back To Hurting Clients As Firm Is Targeted In Insider Trading Probe

By: Monday February 18, 2013 5:45 am

Goldman Sachs is apparently back to it’s old tricks despite the $550 million settlement with the SEC over hurting clients in the mortgage securities market. Acting on what may have been inside information (more on that later) the firm decided it wanted to heavily invest in Heinz (HNZ), which later would announce it was in [...]

As Weather Forecasters Predict Continued Drought, Goldman Cashes In

By: Tuesday January 22, 2013 5:33 am

The farm belt has been facing one of the severest droughts in its history and recent forecasts conclude that the next 3 months are going to make a bad situation worse. The situation has deteriorated to the point where hundreds of counties are being labeled disaster areas due to drought: The U.S. Agriculture Department cited [...]

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