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Trump's Economic Plan Would Protect His Wall Street Adviser's Ugly Activity

The Huffington Post | Zach Carter | Posted 08.09.2016 | Politics

WASHINGTON ― Back on July 18, Donald Trump’s campaign announced that it was backing a major Wall Street overhaul. Reinstating the Glass-Steagall A...

Will the Law Finally Catch Up to Goldman Sachs?

Dennis M. Kelleher | Posted 12.23.2014 | Business
Dennis M. Kelleher

Remarkably, Goldman Sachs, one of the richest, most powerful, politically connected (aka Government Sachs) too-big-to-fail Wall Street banks, has demonstrated a Teflon-like ability to bounce back from egregious misdeeds, if not outright illegal conduct, and horrible publicity.

The Complete Lameness Of The Government's Post-Crisis Crackdown, In One Trial

Mark Gongloff | Posted 09.14.2013 | Business
Mark Gongloff

The trial this week of Fabrice "Fabulous Fab" Tourre is almost guaranteed to accomplish nothing but highlighting the weakness of the U.S. government's response to the financial crisis.

The 5 Most Generous on Wall Street

Rachael Chong | Posted 05.12.2013 | Impact
Rachael Chong

As part of our series on generosity in business, we're looking at some of the financial wizards who are using their skills and assets to give back to society in the most impressive and inspiring ways.

Abacus and Other Soured Deals as Now Seen by the New York Times

Raymond J. Learsy | Posted 01.23.2014 | Business
Raymond J. Learsy

The Business editors of the New York Times seem forever determined to whitewash and sanitize one of the core causes of the 2008 financial debacle and those who were central to the melt down.

Attorney General to U.S.: Nothing to See On Wall Street, Folks, Just Move Along

Richard (RJ) Eskow | Posted 10.10.2012 | Politics
Richard (RJ) Eskow

Yesterday the Justice Department announced that once again it's not going to pursue evidence of Wall Street crimes which has been sent its way.

Casper the Friendly Ghost Can't Control Wall Street

Leo W. Gerard | Posted 09.15.2012 | Business
Leo W. Gerard

Casper's airy little fist packed no wallop when it came to impeding high-risk betting on Wall Street, the LIBOR lending rate manipulation or the disappearance of client money at MFGlobal. There's a much better way than Casper to catch a bankster: pay them to turn each other in.

JPMorgan Has A Worse Reputation Than Goldman Sachs Right Now

The Huffington Post | Harry Bradford | Posted 05.23.2012 | Business

Apparently an op-ed from a bitter employee and a $2 billlion trading loss will do about the same amount of damage to a big bank’s reputation. In ...

MetLife Sues Morgan Stanley

The Huffington Post | D.M. Levine | Posted 04.27.2012 | Business

Insurance giant MetLife is suing Morgan Stanley for fraud. The suit, filed in state court in New York on Wednesday, seeks $757 million over reside...

Financial Statesmanship for a New Economy

John Fullerton | Posted 05.21.2012 | Business
John Fullerton

I wonder what happened to the belief that banking is a profession, as J.P. Morgan believed, rather than "just a business" as it is today.

Eliot Spitzer: JOBS Act Would 'Return Fraud To Wall Street'

Slate | Eliot Spitzer | Posted 03.21.2012 | Business

Originally published in Slate Once again, the Puppets on Capitol Hill are about to slam the Muppets on Main Street. The country still hasn’t reco...

Why Goldman's Quitting Exec May Have A Point

ProPublica | Cora Currier | Posted 03.15.2012 | Business

An executive at Goldman Sachs left the firm today with a bang, penning a New York Times op-ed accusing the company of increasingly putting profits ahe...

CNN Takes "Occupy Wall Street" Not Very Seriously

Raymond J. Learsy | Posted 12.05.2011 | Media
Raymond J. Learsy

In covering the Wall Street protests for CNN, Erin Burnett made her assumption that the demonstrators didn't really know what they were talking about crystal clear.

SEC's Proposed Rule To Stop Banks From Profiting At Client's Expense

Posted 11.19.2011 | Business

(Sarah N. Lynch) - Underwriters or sponsors of asset-backed securities would be banned for one year from taking positions to profit from investors' lo...

"Without Admission of Wrong-Doing" -- The Infuriating Wrist-Slap of JPMorgan Chase

Adam Hanft | Posted 08.23.2011 | Business
Adam Hanft

This week, the SEC settled with JP Morgan Chase. And we, the taxpayers -- more aptly known as their oxygen supply -- have nothing much to show for it.

Goldman Employee Remains Sole Person Prosecuted Over Mortgage Fraud

New York Times | LOUISE STORY and GRETCHEN MORGENSON | Posted 08.01.2011 | Business

At the height of the housing boom, the 26th floor of Goldman Sachs’s former headquarters on Broad Street in Lower Manhattan was the nerve center of ...

Shahien Nasiripour

Goldman Sachs Ripped Off And Misled Clients, Senate Report Says | Shahien Nasiripour | Posted 06.15.2011 | Business

Goldman Sachs, the nation's fifth-largest bank by assets, systematically misled clients, sold them financial instruments it knew to be junk, bet again...

William Alden

Goldman Sachs Chief Could Face Criminal Prosecution For Role In Financial Crisis | William Alden | Posted 06.14.2011 | Business

WASHINGTON -- Goldman Sachs executives deceived clients in order to profit off the brewing financial crisis and then misled Congress when asked to exp...

Blankfein's Pay Doubles While Serving as Mortician to Once Great Goldman Sachs

Raymond J. Learsy | Posted 08.07.2011 | Business
Raymond J. Learsy

The old Goldman Sachs was revered and respected as the toughest of competitor on an even playing field. But much seems to have been lost in translation with its latest incarnation.

Pension Funds Leading Investor Lawsuit Against Goldman Sachs

Posted 05.26.2011 | Business

(Reuters) - A Manhattan federal judge on Friday named three pension funds as co-lead plaintiffs in an investor lawsuit against Goldman Sachs Group Inc...

Shahien Nasiripour

Goldman Sachs Nets Billions From AIG In New 'Backdoor Bailout' | Shahien Nasiripour | Posted 05.25.2011 | Business

Goldman Sachs collected $2.9 billion from the American International Group as payout on a speculative trade it placed for the benefit of its own accou...

The Abacus And The Cross: When The Pope Was A Scientist:

Nancy Marie Brown | Posted 05.25.2011 | Religion
Nancy Marie Brown

A thousand years ago, the pope studied the stars and found God in numbers. Our modern tension between faith and science did not exist.

Mr. Buffett's New York Times' Op-Ed. Thank You We Feel Better Now

Raymond J. Learsy | Posted 07.13.2011 | Business
Raymond J. Learsy

Today the readers of the NYT were regaled with Warren Buffett's Op-Ed expressing his admiration and appreciation for the great good work performed by our government in rallying to Wall Street's rescue. The Financial Crisis is replete with ironies.

Handcuffs for Wall Street, Not Happy-Talk

Zach Carter | Posted 05.25.2011 | Business
Zach Carter

When you steal a lot of money, you go to jail. Obama doesn't just need tough talk for Wall Street, he needs to prosecute the frauds that were committed, and explain them to the American people.

Goldman Sachs' Abacus Investigations Continue

Huffington Post | Sara Yin | Posted 05.25.2011 | Business

The $550 million settlement reached between Goldman Sachs and the Securities and Exchange Commission last month was not the end of investigations into...