iOS app Android app

Goldman Sachs Fraud

Simon Johnson: Our Pecora Moment Has Finally Arrived With Fraud Charges Against Goldman Sachs

Baseline Scenario | Simon Johnson | Posted 05.25.2011 | Business

We have waited long and patiently for our Ferdinand Pecora moment - a modern equivalent of the episode when a tough prosecutor from New York seized th...

Goldman Sachs Fraud Charges Just The Beginning For Wall Street

New York Times | LOUISE STORY and GRETCHEN MORGENSON | Posted 05.25.2011 | Business

or Goldman Sachs, it was a relatively small transaction. But for the bank -- and the rest of Wall Street -- the stakes couldn't be higher. Accusation...

Goldman Sachs Gave More Money To Federal Politicians Than Any Other Financial Firm

LA Times | Jim Puzzanghera and Nathaniel Popper | Posted 05.25.2011 | Business

Goldman Sachs Group Inc. was once a darling in Washington, handing out millions of dollars in campaign contributions and supplying so many executives ...

Germany vs. Goldman Sachs: Government Considering Legal Action

AP | Posted 05.25.2011 | Business


SEC Charges Goldman With Fraud

James Kwak | Posted 05.25.2011 | Business
James Kwak

The allegation is that Goldman failed to disclose the role that John Paulson's hedge fund played in selecting residential mortgage-backed securities that went into a CDO created by Goldman.

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...

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...

Goldman Sachs SEC Fraud Charges: LIVE Updates, Breaking News

Posted 05.25.2011 | Business

The Goldman Sachs SEC fraud charges are creating quite a stir across the financial sector. Per the AP, the government has accused Goldman Sachs of ...

Marcus Baram

Goldman Sachs Revolving Door: The New Edition | Marcus Baram | Posted 05.25.2011 | Business

How times flies! Almost a year ago, we reported on Goldman Sachs's close ties to the government, highlighting the firm's long tradition of executives ...

Mamas, Don't Let Your Babies Grow Up To Be Banksters

Terrance Heath | Posted 05.25.2011 | Politics
Terrance Heath

It turns out, toddlers who tell lies do better as adults. Whether this is surprising news about child development, or a sad statement about the kind of society we live in depends on how you define "better."

The Transparent Exploitation of Greece By Deficit Hawks

Stephen Herrington | Posted 05.25.2011 | Politics
Stephen Herrington

Does it sound as if S&P thinks cutting government spending is a good idea? Sounds to me like S&P is thinking Keynes while the public face of finance is talking small government voodoo.

Enron, CDOs and BP - Outsourcing Due Diligence

Gary Liberson, PhD | Posted 05.25.2011 | Politics
Gary Liberson, PhD

Enron, Collateralized Debt Obligations, and BP. From my perspective the common link is that Congress abdicated its responsibilities for oversight to organizations and agencies that were hopelessly riddled with conflicts of interest.

Not Everyone Loves Warren Buffett

Dan Dorfman | Posted 05.25.2011 | Business
Dan Dorfman

Buffett's unqualified support of Goldman Sachs prompts biting words from angry staffers at the Securities and Exchange Commission.

Shahien Nasiripour

Wall Street's Conflicts Of Interests: Senate Debates Fiduciary Duty | Shahien Nasiripour | Posted 05.25.2011 | Business

In the government's continuing probe of Wall Street, one of the key practices that senators hope to curb with pending financial reform legislation is ...

Fraud at Goldman Sachs?

Mike Lux | Posted 05.25.2011 | Business
Mike Lux

This story is not just a story about simple greed or securities fraud, it's a story about a company that has gotten so big and powerful that it can manipulate markets at will.

Senate Probes Goldman, Deutsche Bank For Mortgage Meltdown Fraud

Wall Street Journal | By JOHN D. MCKINNON | Posted 05.25.2011 | Business

WASHINGTON -- A Senate panel has subpoenaed financial institutions, including Goldman Sachs Group Inc. and Deutsche Bank AG, seeking evidence of fraud...