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Goldman Sachs Fraud

Goldman Sachs Fined $5B for Faulty Mortgage Practices

GOBankingRates | Posted 04.12.2016 | Business

By Andrew DePietro, Staff Writer Goldman Sachs concluded a $5.06 billion settlement on April 11 due to federal charges of deceptive mortgage policies...

The New American Hustle

Robert Kuttner | Posted 09.19.2014 | Politics
Robert Kuttner

Watching the film American Hustle, we can enjoy a sublime, over-the-top '70s show, as well as some civic satisfaction that some corrupt officials actually went to prison. Meanwhile, the ultimate American Hustlers are still on the street, laughing all the way to the bank.

Ex-Goldman Trader Surrenders To FBI

Posted 04.03.2013 | Business

NEW YORK (Reuters) - Ex-Goldman Sachs Group Inc trader Matthew Marshall Taylor has turned himself in to federal authorities in connection with charges...


Posted 03.01.2013 | Business

Goldman Sachs' partners ball is back: for the first time since 2006, the investment bank held its lavish black-tie gala for partners, according to a r...

Goldman Sachs and Litton Loan Servicing: A Very Uncomfortable Divorce

Joel Sucher | Posted 01.16.2013 | Business
Joel Sucher

Goldman's foray into the world of sub-prime mortgage servicing is one that company executives would like relegated to the dumpster along with the water-logged sandbags that shielded their New York HQ from the ravages of Hurricane Sandy.

Mitt Romney, Wall Street Money and the Housing Crisis: For the Captors, Not the Rescuers

Dan Petegorsky | Posted 11.19.2012 | Politics
Dan Petegorsky

Voters as well as reporters covering the campaign need to challenge the candidate to provide much more information and many more answers than he's given to date. Otherwise we're left to conclude that he's essentially a shill for the very greediest.

Banks and Madoff -- Peas in a Pod

Christopher Brauchli | Posted 09.19.2012 | Business
Christopher Brauchli

There was something refreshing about Bernie Madoff. He robbed Peters to pay Pauls and it worked well until there were more Pauls than Peters. That is the difference between him and large financial institutions that cheat those with whom they deal. Bernie was not subtle.

Interview With a Philosopher: A Conversation With Keith Wyma and Tobin Senefeld on Goldman Sachs

Tom Morris | Posted 05.21.2012 | Business
Tom Morris

If Aristotle ran Goldman Sachs, what sort of press do you think the company would be getting these days? How would employees, past and present, describe their culture?

Bonnie Kavoussi

Hedge Fund Sues Goldman Sachs For Fraud | Bonnie Kavoussi | Posted 12.28.2011 | Business

A new lawsuit accuses Goldman Sachs of purposely unloading $93 million in mortgage-backed securities it knew to be junk onto a client, then betting ag...

Goldman Sachs Sued by German Bank Over Davis Square VI, an AIG CDO Bailed Out by Taxpayers (Updated)

Janet Tavakoli | Posted 05.25.2011 | Business
Janet Tavakoli

With the latest lawsuit, taxpayers might again ask why the Federal Reserve was so eager to bail out all of AIG's deals linked to problematic CDOs at 100 cents on the dollar. The largest beneficiary of that largess was Goldman Sachs.

The Best Jokes About Goldman Sachs | Katya Wachtel and Courtney Comstock | Posted 05.25.2011 | Business

Many of the jokes at Wall Street's expense this past year have been aimed directly at Goldman Sachs. They've been delightful, but we think the bubble...

Did Deutsche Bank Use Goldman Sachs-Style Securities To Trade Against Clients?

Huffington Post | Ryan McCarthy | Posted 05.25.2011 | Business

Was Deutsche Bank guilty of Goldman Sachs-style conflicts of interest during the mortgage boom? That's the question posed by a Wall Street Journal...

Goldman Sachs Preparing Point-By-Point Defense Of SEC's Charges

CNBC | John Carney | Posted 05.25.2011 | Business

Goldman Sachs is preparing to file a full-blown, point-by-point defense against the fraud allegations filed by the Securities and Exchange Commission,...

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.

Weekly Audit: Why Elizabeth Warren Should Head New Consumer Financial Protection Bureau

The Media Consortium | Posted 05.25.2011 | Home
The Media Consortium

by Zach Carter, Media Consortium blogger With the Wall Street reform bill finally cleared through Congress, activists and intellectuals are pushin...

New Evidence Strengthens Wall Street Suit

Barbara Ann Radnofsky | Posted 05.25.2011 | Politics
Barbara Ann Radnofsky

The Goldman announcement of mistake and corrective measures are excellent new evidence of negligence, apart from the fraud we allege in my proposed St...

Lloyd Blankfein's Days Are Numbered as Chairman of Goldman Sachs

Charles Gasparino | Posted 05.25.2011 | Business
Charles Gasparino

If history is any guide, Blankfein may not go tomorrow, or even next month, but sometime in 2011, Blankfein will at the very least no longer be chairman of Goldman, and may also be forced out of the firm altogether.

IKB's CEO Found Guilty of Market Manipulation -- Some U.S. Bank CEO's Should Also Face Charges

Janet Tavakoli | Posted 05.25.2011 | Business
Janet Tavakoli

In this post-Sarbanes-Oxley world, U.S. CEOs and CFOs should also be held accountable for their rosy statements during this period, along with their SEC filings.

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 Sachs SEC SETTLEMENT Reached

Posted 05.25.2011 | Business

The Securities and Exchange Commission announced today that it has reached a settlement agreement with Goldman Sachs over the sale and marketing contr...

Goldman Sachs SEC Settlement Could Hit $5 BILLION: Fox News

Posted 05.25.2011 | Business

Charlie Gasparino of Fox Business Network is reporting that the SEC's highly publicized civil fraud charges against Goldman Sachs are likely to be set...

Let The Lloyd Blankfein Resignation Talks Begin

Henry Blodget | Posted 05.25.2011 | Business
Henry Blodget

Even if the SEC doesn't insist on Blankfein's ouster, Goldman itself may decide that they best way to get a fresh start is to get a fresh face on the top. That way, the firm can blame all the all the stuff that happened on prior management, and say everything's different now.

Embracing Conflicts -- A Bad Business Strategy

Peter J. Solomon | Posted 05.25.2011 | Business
Peter J. Solomon

As we debate restructuring the financial markets, no legislation nor regulatory reform would rekindle more trust in the markets than a recognition by these behemoths that competing with your own clients is a bad business.

Grandma Millie, Widows and Orphans

Harvey Rosenfield | Posted 05.25.2011 | Business
Harvey Rosenfield

It would all be very amusing if their antics -- "God's work," as Goldman's CEO Lloyd Blankfein described it not long ago -- hadn't cost the country trillions of dollars, and many Americans their jobs, homes and pensions. Not so funny.

In Defense of Goldman Sachs (Sort Of)

Dan Solin | Posted 05.25.2011 | Business
Dan Solin

It's hard to feel sorry for the most successful investment bank in the world. Given Goldman Sachs' stellar financial performance, you have to ask: Is envy fueling the firestorm of public opinion or is the SEC's view of its conduct legitimate?