The Times Story On Goldman's Role in AIG's Downfall Is More Damning When Placed In Context
Placed in a broader context, the front page story The New York Times is even more damning of Goldman Sachs than readers might realize. Goldman played...
Placed in a broader context, the front page story The New York Times is even more damning of Goldman Sachs than readers might realize. Goldman played...
Obama should have forced the banks to commit a percentage of their reserves to lending -- especially to small businesses -- or forced them to pay their bonuses using stock options and not cash.
During the Senate hearings many questions were asked, but not the question that would have been most revealing: Did Paulson and Blankfein discuss the viability of AIG?
The Wall Street meltdown in the Fall of 2008 had striking parallels to the destruction of the twin towers on September 11, 2001. In both cases there ...
I would like to participate in Arianna's movement but I am way ahead of her. Since age 16, I have always banked in community banks. You will be doing yourself, and all of America, a favor when you tell the big banks to kiss off.
The prospect that favoritism, collusive practices or outright corruption took place is exacerbated by the recent revelations that the Fed actively sought to hold back information on the billions of counterparty funds that went out of AIG's back door.
I believe that none of the Icelandic political parties are actually standing up for the average Icelandic person.
While legislators were hammering out a deal that would keep Iceland from being labeled a pariah state by the IMF and ratings agencies, President Ragnar was protecting his oligarch friends.
Our banking system is structurally flawed, and the changes instigated by the passage of the Financial Services Modernization Act of 1999 should be fundamentally reconsidered.
We have been on a roller coaster when it comes to how we now sleep and what a ride we have been on.
Because we are approaching the end of the year, it is appropriate to take a look back at the economy for the last year to see how we're doing.
Recently several Republican representatives, including Scott Garrett, have questioned whether derivatives helped create the financial crisis. Did derivatives cause the financial crisis? You bet.
Goldman Sachs has announced that its Treasury Dept. has completed a debt for equity swap with the People's Republic of China, effectively solving most of America's problems.
While fighting a regulatory battle President Sarkozy and Chancellor Merkel, Prime Minister Gordon Brown is slowly but surely killing the City.
Editor's note: the following blog post is satire. Reuterz, New York - In swift reaction to recent calls for his resignation, Lloyd Blankfein, Chairma...
Paulson made his bets in late 2006 just as the sub-prime mortgage markets were starting to weaken. His timing was impeccable, as was his luck.
The public health burden of insomnia on the US is measured in the hundreds of billions of dollars. While we routinely cut calories, or cram in exercise, sleep has not even entered the conversational lexicon.
In a rare glimpse behind the closed-doors of The Federal Reserve, Chairman Ben Bernanke released a snapshot of the economy they have been looking at for months.
Our Chairman, Who Art At Goldman, Blankfein Be Thy Name.
How would you feel if you discovered that a highly-rated bond received its grade not because the company is strong, but because the rating agency assumed the government would bail the company out?