Hey-o! The Securities and Exchange Commission has charged investment banking titan Goldman Sachs with civil fraud over a pre-packaged mortgage instrument they say was designed to fail. via US charges Goldman Sachs with fraud | Raw Story.
Apparently, Goldman Sachs would be in trouble if it were a Vegas casino. The issue deals with things called front-running and derivatives trading against its own investors. For the rest of us, “derivatives” is a general term used on Wall Street to describe any kind of securities trading that is done off the market and… Read More Lloyd! 8==>
God bless MATT TAIBBI. He got it right again! This is the most important issue in America right now and the only magazine to deal with it right is Rolling Stone? Goldman Sachs and other big banks aren’t just pocketing the trillions we gave them to rescue the economy – they’re re-creating the conditions for another crash.… Read More Wall Street’s Bailout Hustle : Rolling Stone
I found this on Reddit and had to put it up here. Works with any administration.
Lawsuit: Goldman Sachs bonuses bigger than its earnings | Raw Story.
Goldman-Sachs bankers ready themselves to kill peasants in the inevitable uprising – Boing Boing.
Goldman Sachs chief Lloyd Blankfein has turned! Speaking at the Handelsblatt banking conference yesterday, the CEO said that bankers and traders had behaved irresponsibly and that public backlash against their salaries was justified. Of course, he’s not offering to give back the $26 million Central Park penthouse he bought last year. I mean, what are… Read More Lloyd Blankfein Recants