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Bernanke, Fed Made Used Taxpayer Money To Buy Junk Bonds Without Congress Knowing

bloomberg.com | Caroline Salas, Craig Torres and Shannon D. Harrington | Posted 05.25.2011 | Business

July 1 (Bloomberg) -- Federal Reserve Chairman Ben S. Bernanke and then-New York Fed President Timothy Geithner told senators on April 3, 2008, that t...

Fed Bought Junk Bonds In Maiden Lane Wall Street Rescue, But Didn't Tell Congress

Bloomberg | Caroline Salas, Craig Torres and Shannon D. Harrington | Posted 05.25.2011 | Business

Federal Reserve Chairman Ben S. Bernanke and then-New York Fed President Timothy Geithner told senators on April 3, 2008, that the tens of billions of...

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...

Goldman Sachs's Hudson Mezzanine CDO Subect Of New Probe By SEC

bloomberg.com | Joshua Gallu and Christine Harper | Posted 05.25.2011 | Business

June 10 (Bloomberg) -- Goldman Sachs Group Inc.'s $2 billion Hudson Mezzanine collateralized debt obligation, sold in 2006, is the target of a probe b...

An S.E.C. Lawsuit Does Little to Strip Away the Secrecy Surrounding Certain AIG CDOs

David Fiderer | Posted 05.25.2011 | Business
David Fiderer

A month ago, the S.E.C. alleged in a complaint that Thomas C. Priore's firm made all sorts of fraudulent transfers for the benefit of himself and ICP, at the expense of investors in the Triaxx CDOs.

Darth Goldman: The Enterprise Value Strikes Back

Norb Vonnegut | Posted 05.25.2011 | Business
Norb Vonnegut

Yesterday, Goldman Sachs settled fraud charges associated with Abacus CDOs for $550 million. Not surprisingly, the settlement excluded Fabrice P. Tour...

Why Goldman Got the S.E.C. to Back Off

David Fiderer | Posted 05.25.2011 | Business
David Fiderer

The weaknesses in the S.E.C.'s case against Goldman were obvious. To win, the government needed to prove that Goldman lied, and that the lie mattered. The truth is, the bigger deceptions were not lies, but distractions.

Goldman, SEC Consider All-In-One Settlement

wsj.com | SUSANNE CRAIG and KARA SCANNELL | Posted 05.25.2011 | Business

Goldman Sachs Group Inc. and the Securities and Exchange Commission recently held discussions about a possible settlement to simultaneously resolve th...

How C.D.O.'s Brought Down A Credit Union

New York Times | GRETCHEN MORGENSON | Posted 05.25.2011 | Business

WHEN Wall Street is accused -- as it has been so often these days -- of selling risky products to unwitting customers, it usually argues that investor...

'Dead President Deals': Just How Rotten Were Morgan Stanley's Mortgage Transactions?

time.com | Stephen Gandel | Posted 05.25.2011 | Business

But this really shouldn't come as any surprise to anyone. Every major firm on Wall Street had a hand in structuring a Goldman-like deal. In my story a...

Brett King: Forget more regulation, social media will force transparency

Brett King | Posted 05.25.2011 | Business
Brett King

As President Obama was gearing up last month to push further reforms for the finance sector through congress, the sector lobbyists were also gearing u...

Stock Market Collapse: More Goldman Market Rigging?

Ellen Brown | Posted 05.25.2011 | Business
Ellen Brown

When Goldman does not get its way, it is in a position to throw a tantrum and crash the market.

Financial Reform: Who's the Fox in the Henhouse?

Norb Vonnegut | Posted 05.25.2011 | Business
Norb Vonnegut

What's worse -- alleged fraud by an investment bank or unchecked profiteering by hedge funds using toxic securities?

Daniel Sparks, Goldman Sachs Exec: Did He Lie Under Oath In Front Of Congress?

Mother Jones | Andy Kroll | Posted 05.25.2011 | Business

Sparks--whose overall evasiveness drew the ire of Senate investigations subcommittee chair Carl Levin (D-Mich.) and other lawmakers--replied: "At the ...

Moral Blindness on Wall Street

Hoyt Hilsman | Posted 05.25.2011 | Business
Hoyt Hilsman

One of the most shocking elements of the testimony by Goldman Sachs executives this week was the moral blindness they showed when evaluating the role of their firm in the economic collapse.

Blankfein Plays Dumb, But Did Tourre Just Sink Wall Street?

Martin Luz | Posted 05.25.2011 | Business
Martin Luz

How do you justify selling a security that's designed to fail, designed in fact by the guy who is betting against it?

Three Modest Proposals For Goldman Sachs

Simon Johnson | Posted 05.25.2011 | Business
Simon Johnson

Goldman Sachs is at a crossroads. Either they can significantly change their image in our society or they can face the consequences.

Goldman's CDOs Had Nothing to Do With the Real Estate Bubble

David Fiderer | Posted 05.25.2011 | Business
David Fiderer

If Goldman Sachs wanted to reduce its exposure to subprime mortgage investments, why didn't it simply sell the assets it owned?

Derivatives Convention-Goers Worry About Reform, Relax At Bondage Club

New York Times | ASHLEE VANCE | Posted 05.25.2011 | Business

SAN FRANCISCO -- By day, they dealt with risk. At night, it got risqué. Financiers, lawyers, traders and accountants gathered this week at the ann...

10 Things You Don't Know (Or Were Misinformed) About the GS Case

The Big Picture | Barry Ritholtz | Posted 05.25.2011 | Business

I have been watching with a mixture of awe and dismay some of the really bad analysis, sloppy reporting, and just unsupported commentary about the GS ...

Hard Evidence of Goldman's Corrupt Intent and the Myth of the Sophisticated Investor

David Fiderer | Posted 05.25.2011 | Business
David Fiderer

In certain markets, most notably, CDOs, the lack of common sense was institutionalized. It's evident in the deal book for Abacus 2007 AC-1, at the center of the S.E.C.'s case against Goldman.

The Wall Street Obama Is Visiting Today Is OPEC's Hand Maiden and America Pays the Price

Raymond J. Learsy | Posted 05.25.2011 | Business
Raymond J. Learsy

Government policies should address the needed steps toward lower oil consumption, not the transfer of billions to the oil companies and their allies on Wall Street.

John Paulson: Man Behind the Curtain

Andrew Tucker Avorn | Posted 05.25.2011 | Business
Andrew Tucker Avorn

John Paulson, the hedge fund manager who made a billion dollars from transaction in the Goldman Sachs suit, is like the man behind the curtain at the end of "The Wizard of Oz."

Cheating Advice for Goldman Sachs

Jeff Kreisler | Posted 05.25.2011 | Business
Jeff Kreisler

As the trial approaches, destroy the evidence.

John Paulson Defends His Toxic CDOs by Insulting Everyone's Intelligence

David Fiderer | Posted 05.25.2011 | Business
David Fiderer

There are countless ways to discredit Paulson's recent statements, just as there are countless ways to discredit his claim that he operated in "good faith."