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Fabrice Tourre

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 I...

Legerdemath: Tricks of the Banking Trade

Omer Rosen | Posted 05.25.2011 | Business
Omer Rosen

I'd just turned 20 when I began a three-year stint on Citigroup's corporate-derivatives team. I had no work experience to speak of. As my boss said after my interview, I was "f***ing unpolished."

Nate C. Hindman

Obscure Reform Provision Could Put Goldman's 'Fabulous Fab' In Jeopardy | Nate C. Hindman | Posted 05.25.2011 | Business

Accused of helping Goldman Sachs commit securities fraud, but left off the firm's $550 million settlement with the SEC, the "fabulous Fab" might be of...

Shahien Nasiripour

Obama Nominee Doesn't Believe Deregulation Led To Financial Crisis | Shahien Nasiripour | Posted 05.25.2011 | Business

UPDATE: The Senate Homeland Security and Governmental Affairs Committee voted 9 to 0 on Tuesday morning in favor of Lew's nomination and referred him ...

Seven Villians Of The Financial Crisis: Where Are They Now?

DailyFinance | BRUCE WATSON | Posted 05.25.2011 | Business

In 2008, as the economy seemed to be in free-fall, pundits, politicians and the public cast about in search of the ultimate villain, the Wall Street w...

Mistake: Why Goldman Sachs Channels Richard Nixon and Watergate

Bill Singer | Posted 05.25.2011 | Business
Bill Singer

According to some in the press, the settlement with Goldman was a major victory for the SEC. Initial stories would have you believe that the government ground Goldman to its knees. Almost a blockbuster summer movie.

Daniel Dravot, Goldman Sachs, and the SEC

Bill Singer | Posted 05.25.2011 | Business
Bill Singer

While I may criticize the motivation and timing of the SEC's case, I applaud the long overdue recognition by Wall Street's regulators that they have coddled the mighty and powerful for far too long.

Fabrice Tourre Denies Fraud, Says He Relied On Goldman

Bloomberg | Posted 05.25.2011 | Business

Fabrice Tourre, the Goldman Sachs Group Inc. executive director sued by the Securities and Exchange Commission for fraud, disputed the claims and said...

Shahien Nasiripour

Jack Lew: Obama's OMB Pick Oversaw Citigroup Unit That Shorted Housing Market | Shahien Nasiripour | Posted 05.25.2011 | Business

President Barack Obama's choice to lead the White House budget office oversaw a Citigroup unit that profited off the housing collapse and financial cr...

A Tale of Two Companies -- Goldman Sachs and BP

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

Two societal disasters impacting our world and lives. At least one of the corporate of the players seems so far to understand its responsibilities.

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 ...

Stewart Rips Senate For 'Impotent Rage' During Goldman Sachs Hearing (VIDEO)

Posted 05.25.2011 | Comedy

With it now common knowledge that Goldman Sachs was selling "sh--ty deals," you'd think the Senate would be able to make progress and punish them acc...

The Rest of Wall Street Is Beginning to Fear the Goldman Spillover

Charles Gasparino | Posted 05.25.2011 | Business
Charles Gasparino

When was the last time a Las Vegas casino was bailed out by the US taxpayer? That's why Wall Street is so concerned about the the public's hatred of Goldman spilling over to force lawmakers to consider some drastic reforms.

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?

The Fabrice Tourre Venn Diagram (PICTURE)

Huffington Post | Alex Leo | Posted 05.25.2011 | Comedy

Ever since news broke that the SEC was charging Goldman Sachs with fraud for selling their clients assets they were betting against without disclosing...

Shahien Nasiripour

Goldman Sachs Hearings: LIVE UPDATES, VIDEO | Shahien Nasiripour | Posted 05.25.2011 | Business

Goldman Sachs CEO Lloyd Blankfein is testifying this morning in front of the Senate Permanent Subcommittee on Investigations, which alleges the compan...

Josh Birnbaum: Goldman Sachs Exec's Prepared Remarks For Congress

Posted 05.25.2011 | Business

Josh Birnbaum, a former managing director in the mortgage department of Goldman Sachs, testified in front of Congress today. Below are his remarks, a...

Goldman Sachs, Goldfish Eat Their Young

Norb Vonnegut | Posted 05.25.2011 | Business
Norb Vonnegut

Junior employees are expendable. Like goldfish, investment banks eat their young when brand-protection and self-interest make cannibalism seem rationale.

Blankfein: Fabrice Tourre Is 'Immature' But Did Nothing Illegal | Posted 05.25.2011 | Business

Goldman Sachs CEO Lloyd Blankfein is prepared to say that the young trader charged with securities fraud for failing to disclose alleged conflicts of ...

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?

Lloyd Blankfein: Still "Doing God's Work?"

Joseph A. Palermo | Posted 05.25.2011 | Business
Joseph A. Palermo

Isn't it amazing how these powerful CEOs, who are paid tens of millions of dollars to know every detail about their company, act as if they just fell off the back of a turnip truck when they come to Congress?

Fabulous Fabrice

Jeff Danziger | Posted 05.25.2011 | Business
Jeff Danziger


Michael Lewis: Goldman Sachs SEC Fraud Case Means 'Bond Market Will Never Be The Same' | Michael Lewis | Posted 05.25.2011 | Business

If you happen to be sitting on the Goldman Sachs bond-trading floor life must feel horribly unfair. You did nothing worse than live by the ethical as...

Goldman Sachs and the Tourre de Toxic

Norb Vonnegut | Posted 05.25.2011 | Business
Norb Vonnegut

I'm no apologist for Goldman Sachs. But everybody in this trade--the banks, Goldman Sachs, Paulson's hedge fund--was guilty of financial privateering in one form or another.