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Lloyd Blankfein

One Free Market System for Wall Street, Another Free Market System for Main Street

Robert Reich | Posted 05.25.2011 | Business
Robert Reich

Rather than defending the outsized paychecks of Dimon, Blankfein, and the rest of Wall Street as part of the free market system, the President needs to demand that Wall Street help homeowners on Main Street.

Obama Is No FDR, We're No Mass Movement

Les Leopold | Posted 05.25.2011 | Business
Les Leopold

Obama has made his share of blunders. But his statement that we "don't begrudge" the high salaries on Wall Street is about the dumbest thing he's ever said.

Grayson Explains Capitalism To Banks (VIDEO)

Posted 05.25.2011 | Politics

"In capitalism, winners have to win and losers have to lose." Representative Alan Grayson (D-Fla.) laid out one of the most basic principles of capi...

Palin Trumps Obama - On a Trojan Horse Filled With Bankers

Richard (RJ) Eskow | Posted 05.25.2011 | Politics
Richard (RJ) Eskow

The Tea Party plan is simple: Use anti-bank rage to help the Republicans win, so they can give banks even more power. Can the banksters really outsmart the Democrats and pull off a trick like that?

The Question Unasked Again and Again of Goldman Sachs, Lloyd Blankfein and Hank Paulson

Raymond J. Learsy | Posted 05.25.2011 | Business
Raymond J. Learsy

What was the nature of the exchange of information between Paulson and Blankfein and/or their staffs, and what impact might it have had on Goldman's intransigence vis a vis A.I.G.? We should all be told.

The Times Story On Goldman's Role in AIG's Downfall Is More Damning When Placed In Context

David Fiderer | Posted 05.25.2011 | Business
David Fiderer

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...

Democratic "Accomplishments" Not Nearly Enough

Joseph A. Palermo | Posted 05.25.2011 | Politics
Joseph A. Palermo

Americans understood they got creamed during the final Bush years. They did the right thing and voted in the opposing party. The paltry result of their electoral efforts has led to far more than voter "frustration." They're furious.

$9 Million Bonus For Goldman Sachs CEO Lloyd Blankfein

Posted 05.25.2011 | Business

After much anticipation and speculation, the number everyone on Wall Street has been waiting to hear was finally released late Friday: the bonus haul ...

Will Obama Pay For Wall St. Bonuses?

Douglas Faneuil | Posted 05.25.2011 | Business
Douglas Faneuil

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.

Hank Paulson: Wall Street Pay Is "Out Of Whack" (VIDEO)

Posted 05.25.2011 | Business

Former Treasury Secretary and Goldman Sachs chief Henry Paulson is the latest critic of Wall Street pay packages, which he now says are "out of whack....

Lloyd Blankfein Of Goldman Sachs 'Expecting $100 Million Bonus'

Times Online | Helen Power in Davos | Posted 05.25.2011 | Business

Goldman Sachs, the world's richest investment bank, could be about to pay its chief executive a bumper bonus of up to $100 million in defiance of move...

Philanthropy and the Economic Crisis

Georgia Levenson Keohane | Posted 05.25.2011 | Impact
Georgia Levenson Keohane

This week and next I am a guest blogger at The Center for Effective Philanthropy. My posts address philanthropy and the economic crisis, and include ...

Jason Linkins

The Yes Men Prank Davos, Send Out Press Release With Blankfein Confessions | Jason Linkins | Posted 05.25.2011 | Business

Earlier today, a press release was sent out from the World Economic Forum, describing how "world leaders" in Davos have pledged a "strategy to end pov...

Generation Real-Time

Marian Salzman | Posted 05.25.2011 | World
Marian Salzman

The leaders of this generation, whether they're American, Chinese or Brazilian, are the unmillennials: actively engaged with the world around them, and passionate about their own power to effect change.

The F Word: The State of the Corporate Union

Laura Flanders | Posted 05.25.2011 | Politics
Laura Flanders

The State of the Union will be a little different this year. Thanks to a last-minute switch the annual address will be presented by Lloyd Blankfein, ...

Matt Osborne | Posted 05.25.2011 | Politics
Matt Osborne


One sorry column

Yvette Kantrow | Posted 05.25.2011 | Media
Yvette Kantrow

Let me apologize in advance for this column. In fact, let me apologize for every column I've written over these past 10 years that may have irked, irr...

Goldman Sachs Had Bomb-Sniffing Dogs, Police Barricades At Its Headquarters Before Earnings Announcement

Posted 05.25.2011 | Business

As Goldman Sachs prepared to announce its fourth quarter earnings and employee compensation levels yesterday, the bank had bomb-sniffing dogs and poli...

Goldman Sachs Under Investigation For Its Role In Subprime Mortgage Meltdown

McClatchy | Greg Gordon | Posted 05.25.2011 | Business

WASHINGTON -- One of Congress' premier watchdog panels is investigating Goldman Sachs' role in the subprime mortgage meltdown, including how the firm ...

Five Popular Delusions Castrating America

Michael B. Laskoff | Posted 05.25.2011 | Politics
Michael B. Laskoff

The following is purely bi-partisan in its vitriol, but the crystallizing moment occurred on Tuesday when a former nude model with a truck beat a bori...

Philip Stephens: In Absence Of 'Robust Competition,' Investment Banks 'Have Been Operating Natural Oligopolies' | Philip Stephens | Posted 05.25.2011 | Business

During the good times no one worried too much about these oligopolies. Markets were booming and the investment banks persuaded policymakers that they ...

Financial Crisis Commission: | NYT | Posted 05.25.2011 | Business

The commission must uncover what bankers, investors, government officials and other people in positions of power, past and present, would prefer not t...

"Hope" Has Been a Bust, It's Time for Hope 2.0

Arianna Huffington | Posted 05.25.2011 | Politics
Arianna Huffington

The 2008 election was all about "Hope." But Hope is simply not cutting it. What we need is Hope 2.0: the realization that our system is too broken to be fixed by politicians -- that change must come from outside Washington. READ MORE Sleep Challenge 2010: Perchance to Dream Sleep Challenge 2010: I Now Have Dozens of Baby Sitters...All Telling Me to Go To Bed How Massachusetts Can Turn Out to Be a Blessing for Democrats WATCH: Arianna Discusses Massachusetts Results on Countdown WATCH: Arianna Talks About What Obama Needs to Do to Reconnect With Voters on The Ed Show WATCH: Arianna Debates the Future of Capitalism with Howard Dean, Dick Armey, John Kasich

Goldman Sachs Donates 11 Minutes To Haiti

Tom Gregory | Posted 05.25.2011 | Business
Tom Gregory

Goldman Sachs made $9Billion in profits last year. That is $174 Million per week, $38 Million per trading day, $5.7 Million per trading hour, $96,000 per minute.

A Decade Far Worse Than a "Big Zero" (1999-2009)

Joseph A. Palermo | Posted 05.25.2011 | Politics
Joseph A. Palermo

We can call the 2000s the "Worse Than Zero" decade or the "Big Zero," or anything we wish, but what characterized it most for me was the near total control of corporations, especially over our civic institutions.