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 [...]

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 [...]

Goldman Trying To Settle Out Of Trouble

By: Friday May 7, 2010 11:18 am

There are animals in the wild whose coping mechanism when being hunted by predators is to stand perfectly still and hope that the predator passes right by them. This is what Goldman Sachs seems to be doing. Goldman Sachs Group Inc’s lawyers are in talks with representatives of the U.S. Securities and Exchange Commission to [...]

Goldman Sachs Comes Before the New Pecora Commission

By: Tuesday April 27, 2010 7:08 am

At this hour, the Senate Permanent Subcommittee on Investigations, headed by Carl Levin, will welcome Goldman Sachs CEO Lloyd Blankfein and trader “Fabulous Fab” Tourre, in a hearing about the financial giant’s activities during the financial crisis. This follows the release of emails that not only suggested that Goldman bet against the housing market (which [...]

The Goldman Emails and the Volcker Rule

By: Monday April 26, 2010 10:45 am

I actually don’t see a heck of a lot wrong with the Goldman Sachs emails put out by Carl Levin’s Permanent Subcommittee on Investigations. In fact, I agree with Paul Krugman, as I wrote two days before his column, that the emails released about the credit rating agencies were far more damning, and far closer [...]

Goldman Sachs Execs Testifying Before Senate Next Week

By: Thursday April 22, 2010 8:45 am

Carl Levin’s committee, which claims to have more smoking gun evidence of malfeasance at Goldman Sachs, will welcome their top execs before a Senate panel next week: On Tuesday, the Goldman Sachs trader accused of fraud by federal regulators, Fabrice P. Tourre, and at least three of the bank’s top executives will testify before a [...]

Getting Real About Obama’s Bankster Comments

By: Thursday February 11, 2010 9:15 am

The White House went into major pushback mode on President Obama’s comments about bonuses and banking CEOs Lloyd Blankfein and Jamie Dimon yesterday. They offered the full context of the remarks and said that his line about “I, like most of the American people, don’t begrudge people success or wealth” was something he’s said many [...]

Obama’s Puzzling Comment On “Savvy Businessmen” Blankfein and Dimon

By: Wednesday February 10, 2010 8:52 am

I don’t even know what to say about this. President Barack Obama said he doesn’t “begrudge” the $17 million bonus awarded to JPMorgan Chase & Co. Chief Executive Officer Jamie Dimon or the $9 million issued to Goldman Sachs Group Inc. CEO Lloyd Blankfein, noting that some athletes take home more pay. The president, speaking [...]

Blankfein’s Bonus – A Better Talking Point Than Luntz’ Regulation-Killers?

By: Monday February 1, 2010 10:34 am

The Times of London is not known for its journalistic acumen. Therefore, its report that Goldman Sachs CEO Lloyd Blankfein expects a $100 million dollar bonus this year, based mostly on hearsay from other bankers at the World Economic Forum in Davos, strains credulity. Felix Salmon’s take is much more in line with reality. Nevertheless, [...]

Wall Street On Trial: Day 1 Angelides Commission Highlights

By: Thursday January 14, 2010 6:39 am

Day two of the Financial Crisis Inquiry Commission, chaired by former California Treasurer Pil Angelides, is underway, with such government officials as Attorney General Eric Holder and FDIC Chairwoman Sheila Bair testifying. But I want to return to some of the highlights from yesterday, which generated some coverage, but not nearly enough, considering the primacy [...]

Financial Crisis Inquiry Commission Kicks Off First Hearing

By: Wednesday January 13, 2010 7:09 am

I’m watching the first hearing of the Financial Crisis Inquiry Commission, the bipartisan panel led by former California Treasurer Phil Angelides, seeking answers to the question of how the financial world nearly melted down in 2008, taking the economy with it. Angelides is currently grilling Goldman Sachs CEO Lloyd Blankfein, and doing a great job, [...]

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