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Lloyd Blankfein

Pay Czar: Kenneth Feinberg You're worth less than you think

Huffington Post | Ryan McCarthy | Posted 05.25.2011 | Business

In an interview with Kenneth Feinberg, the Obama administration's pay czar, The Hill leads with one highly intriguing anecdote. A Wall Street execut...

More Apologies! Now!

Stanley Bing | Posted 05.25.2011 | Business
Stanley Bing

Other guys who haven't apologized enough: John Edwards, Eliot Spitzer, Richard Fuld, Tiberius Caesar, Alan Greenspan, and the guys from the cable company who told me they were going to be there between 8 AM and noon.

Goldman Sachs Executives Sold Off SharesFire Sale of 2008 | WILLIAM D. COHAN | Posted 05.25.2011 | Business

President Obama lavished praise on "savvy" Wall Street bankers last week, but "one wonders if the president would be a bit more begrudging," William C...

Goldman CEO to Perform Community Service as Treasury Secretary

Andy Borowitz | Posted 05.25.2011 | Comedy
Andy Borowitz

A Treasury spokesperson said that by performing community service as Treasury Secretary, Mr. Blankfein will have significantly less power to harm the economy than he had as Chairman of Goldman.

Shadow Elite: On the Trail of "Government Sachs"

Robert E. Prasch | Posted 05.25.2011 | Business
Robert E. Prasch

Right now, Greece and European markets continue to shudder from Goldman's 'contribution' to their economy. Deals that helped Greece avoid some painful fiscal truths were hidden from public view.

Burning Documents Create Giant Smoke Plume over Goldman Sachs

Andy Borowitz | Posted 05.25.2011 | Comedy
Andy Borowitz

The giant plume began to appear just minutes after the SEC announced on Friday that it had filed a civil lawsuit against the investment bank and grew to a monstrous size as the weekend wore on.

Wall Street Elder Statesmen Favor a Return to Tighter Regulation

LOUIS UCHITELLE | Posted 05.25.2011 | Business

Put aside for a moment the populist pressure to regulate banking and trading. Ask the elder statesmen of these industries -- giants like George Soros,...

The Greed Olympics: Banks and Insurers Battle for the Gold

Peter Dreier | Posted 05.25.2011 | Business
Peter Dreier

As the Greed Olympics heats up, it is time for Americans to stop being spectators. The President and Congress shouldn't be the only ones judging the competition and handing out the medals.

Could Bankers Turn the Tables on Obama in 2012?

Charles Gasparino | Posted 05.25.2011 | Politics
Charles Gasparino

For all the talk about Obama's grassroots fundraising prowess, it may have been Wall Street funds that gave him the edge in 2008. There are now signs that those funds may not be there for him in 2012.

Biggest Paychecks In Finance 2009: SEE Who Was Paid The Most (PHOTOS)

Posted 05.25.2011 | Business

Who got the biggest pay package in finance this year? Chances are you've never heard of many of the top earners. In a year marked by high unemplo...

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.

Wall Street Bonuses: This Year, The Biggest Bonuses Go to Not-So-Big Names | ERIC DASH | Posted 05.25.2011 | Business

It turns out that some of the highest-paid financial executives in America work far from the canyons of Lower Manhattan, at companies that have largel...

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?

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.

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...

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.

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.

Goldman Sachs Bonuses: CEO Lloyd Blankfein Gets $9 Million Stock Bonus For 2009

AP | STEVENSON JACOBS | Posted 05.25.2011 | Business

NEW YORK — Goldman Sachs Group Inc. CEO Lloyd Blankfein is getting a $9 million stock bonus for 2009, a modest payday by Wall Street standards t...

$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...