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Goldman Sachs Profits

Goldman Sachs' Spoof Memo In The New Yorker

Posted 05.25.2011 | Business

Ever wish you could be a fly on the wall at a Goldman Sachs board meeting? The New Yorker has come up with a hilarious spoof of a Goldman internal mem...

Krugman Slams Goldman Sachs:

New York Times | PAUL KRUGMAN | Posted 05.25.2011 | Business

The American economy remains in dire straits, with one worker in six unemployed or underemployed. Yet Goldman Sachs just reported record quarterly pro...

Shattering the Right vs. Left Prism Once Again: The Wall Street Journal Goes After Goldman and the Bank Bailout

Arianna Huffington | Posted 05.25.2011 | Business
Arianna Huffington

We've now reached the point where the only people defending the administration's Wall Street policies are the people benefiting from them -- or their good friends, Tim Geithner and Larry Summers.

Goldman Sachs Likely To Post Huge Profits, Analysts Say

New York Times | GRAHAM BOWLEY and JENNY ANDERSON | Posted 05.25.2011 | Business

Most of Wall Street, and America, is still waiting for an economic recovery. Then there is Goldman Sachs. Up and down Wall Street, analysts and trade...

Goldman Sachs Poised To Earn Record Profits | Christine Harper | Posted 05.25.2011 | Business

July 10 (Bloomberg) -- Goldman Sachs Group Inc. is poised to report the largest profit since it set earnings records in 2007, marking the return of a ...

The GS-Files 4: Always a Winner

Nathan Lewis | Posted 05.25.2011 | Business
Nathan Lewis

Goldman has been making its money somewhat like a hedge fund: by buying and selling securities in the secondary market for profit. Why this activity should be government subsidized, I don't know.

Bank Profits: Amateur Hour For Aspiring Magicians

New York Times | ANDREW ROSS SORKIN | Posted 05.25.2011 | Business

This is starting to feel like amateur hour for aspiring magicians. Another day, another attempt by a Wall Street bank to pull a bunny out of the ha...

My Late Night Visits from the Ghosts of Financial Outrages Past, Present, and Future

Arianna Huffington | Posted 05.25.2011 | Business
Arianna Huffington

With my younger daughter away, I was looking forward to a quiet night in, curled up in bed with a few dozen pieces on the financial crisis I'd cut out from newspapers and magazines. But instead of reading a few and nodding off, I ended up staying up most of the night, getting more and more outraged with each article I read. These days, the business section is not for the faint of heart. READ MORE The Torture Moment The way we respond to the revelations about the Bush administration's use of torture will define the kind of country we are. It is a test of our courage and our convictions. So far, the media are not getting high marks. They can't seem to shake their addiction to looking at every issue through the archaic prism of right vs. left. READ MORE

Taxing Grandma to Subsidize Goldman Sachs: Business Week

Business Week | Peter Morici | Posted 05.25.2011 | Business

Monday afternoon, Goldman Sachs (NYSE:GS - News) reported much larger than expected first-quarter profits on the heels of the strong earnings Wells Fa...

Goldman Sachs' Profit Is Taxpayer-Funded

The Big Picture | Barry Ritholtz | Posted 05.25.2011 | Business

Karl Denninger notes that a nasty rumor is circulating about Goldman Sachs amongst observers of the Street. Allegedly, GS is about to report their sec...