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Goldman Sachs Abacus

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.

'Orwellian' Goldman Does Not Mean What It Says, Judge Declares

The Huffington Post | Alexander Eichler | Posted 06.25.2012 | Business

A federal judge has described Goldman Sachs as "Orwellian," which doesn't mean the company is staffed by talking pigs, but rather that -- like the Ing...

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.

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...

FCIC Threatens Goldman With Derivatives Audit

DailyFinance | MELLY ALAZRAKI | Posted 05.25.2011 | Business

While Goldman Sachs (GS) has settled Securities and Exchange Commission civil fraud charges over its Abacus synthetic collateralized debt obligation t...

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.

Goldman, SEC Consider All-In-One Settlement | 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...

A "Modest Proposal" for Capital Market Reform: Close Down Rule 144A

Jeff Madrick | Posted 05.25.2011 | Business
Jeff Madrick

It is time to undo the damage that led to the crisis we are now experiencing. Putting an end to the unregulated world of Rule 144A offerings would be a great place to start.

Notes from Berkshire Hathaway Annual Shareholder Meeting

Alan Schram | Posted 05.25.2011 | Business
Alan Schram

Close to 40,000 enthusiastic shareholders made the pilgrimage to Omaha this year, coming from all over the world to attend "Woodstock for capitalists."

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?

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.

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."

Lloyd Blankfein, Goldman CEO: SEC Case Would 'Hurt America'

Huffington Post | Ryan McCarthy | Posted 05.25.2011 | Business

Despite the civil fraud charges brought by the Securities and Exchange Commission and the apparent damage to his bank's reputation, Goldman Sachs CEO ...

SEC: Goldman Sachs Charged With Civil FRAUD Over Mortgage Securities

AP/Huffington Post | Posted 05.25.2011 | Business

The government has accused Goldman Sachs of defrauding investors by failing to disclose conflicts of interest in mortgage investments it sold as the h...

Arthur Delaney

Goldman Sachs' Alleged Fraud Explained: How It Worked (PHOTOS) | Arthur Delaney | Posted 05.25.2011 | Business

Goldman Sachs defrauded investors by failing to disclose a conflict of interest on mortgage investments it sold as the housing market went sour, accor...

Goldman Sachs Fraud Lawsuit: An Overview Of The Latest News

Posted 05.25.2011 | Business

This morning, the SEC announced that it is suing Goldman Sachs and one of its employees for fraud. Pointing to the 2007 creation of a complicated bund...

Goldman Sachs -- It's About Bonuses

David Dixon | Posted 05.25.2011 | Los Angeles
David Dixon

As a professional who spent nearly a decade in the fixed income division at Goldman Sachs in both New York and London, it pains me to watch the firm get dragged through the mud.