iOS app Android app

Lloyd Blankfein

Goldman Sachs Chief Makes Pitch For Groupon IPO

Bloomberg | Douglas MacMillan | Posted 05.25.2011 | Business

Goldman Sachs Group Inc. Chief Executive Officer Lloyd Blankfein visited the Chicago headquarters of Groupon Inc. yesterday to pitch executives on hir...

Which Is More "Gangsta," 50 Cent's Twitter Stock Pitch or Goldman's Facebook Deal?

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

Goldman is charging at least $60 million in service fees with Facebook, and they can unload their investment whenever the bubble deflates. Those "lucky" Facebook investors: Goldman will get rich. They'll die tryin'.

Goldman's Empty Promises

Charles Gasparino | Posted 05.25.2011 | Business
Charles Gasparino

Goldman Sachs has completed its first ever top to bottom review of its business practices and it looks like we can expect nothing but more of the same from them going forward.

New Year's Slideshow: Choose the Year's Most Absurd Comment From a "Financial Wizard"

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

"I know it's become part of the narrative that people knew what was going to happen at any minute. We never knew what was happening at any minute." That's Goldman CEO Lloyd Blankfein. Now he tells us.

Wall Street's Ten Biggest Lies for 2010

Les Leopold | Posted 05.25.2011 | Business
Les Leopold

Before we completely forget that Wall Street is largely responsible for the economic mess we're in, let's revisit Wall Street's greatest fabrications for 2010.

Those Wall Street Bonuses Come at a High Price

David Paul | Posted 05.25.2011 | Politics
David Paul

The Federal Reserve policy of keeping its target rate near zero is intended to allow banks to recapitalize, but it has the effect of taking money from the elderly and others living off their savings, and transferring that money to the banks.

Transactions: Nov. 29, 2010

Robert Teitelman | Posted 05.25.2011 | Business
Robert Teitelman

Morality is as simple as day and night, light and dark, good and evil. You may not be able to offer up a universal definition of morality, but it's ob...

D-Day in the Class War

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

Both "bipartisan" bodies claim that "tough decisions" must be made. Yet their policies are only really tough if you happen to belong to America's struggling working middle class.

15 Central Park West Diverts All UPS, Fed Ex Packages In Wake Of Mail-Bomb Plot | C.J. SULLIVAN | Posted 05.25.2011 | New York

At least one celeb-magnet Manhattan apartment building is stepping up security for package deliveries because of the mail-bomb plot unveiled on Friday...

Chilean Miners vs. Wall Street

Paul Abrams | Posted 05.25.2011 | Politics
Paul Abrams

Just think of where the US could be now if Wall Street, and people like the Koch Boys, had the same character as the Chilean miners.

Goldman's CEO Made $125M In Bonuses Over Past Decade

The Huffington Post | William Alden | Posted 05.25.2011 | Business

Lloyd Blankfein, CEO of Goldman Sachs, took home $125 million in cash bonuses over the past decade, Bloomberg reports. Shareholders, however, haven'...

At Goldman Sachs, Partners Can Lose Their Coveted Status | SUSANNE CRAIG | Posted 05.25.2011 | Business

As many as 60 Goldman executives could be stripped of their partnerships this year to make way for new blood, people with firsthand knowledge of the p...

The Best Jokes About Goldman Sachs | Katya Wachtel and Courtney Comstock | Posted 05.25.2011 | Business

Many of the jokes at Wall Street's expense this past year have been aimed directly at Goldman Sachs. They've been delightful, but we think the bubble...

Bankers' Song: What REALLY Happens During The Financial Crisis Commission Hearings

Huffington Post | Sara Yin | Posted 05.25.2011 | Business

Ever heard of Commissioner Rouglas Scholtz-Tweakin of the Financial Crisis Inquiry Commission? Neither had we. To go along with their new expose on ...

Goldman CEO Lloyd Blankfein to Treasury Secretary Hank Paulson: "OK, Now What?"

Janet Tavakoli | Posted 05.25.2011 | Comedy
Janet Tavakoli

It's September 2008. Goldman and AIG are trading in the markets, and Goldman notices that AIG seems to be having very severe liquidity problems.

Lloyd Blankfein Wins Secret Southampton Swim Race

The New York Observer | Max Abelson | Posted 05.25.2011 | Business

This weekend, in a very exciting but non-publicized match at the Southampton Bath & Tennis Club, which is exactly the kind of club it sounds like, Gol...

President Obama, Give Liz a Job

Mary Bottari | Posted 05.25.2011 | Business
Mary Bottari

If Obama were to nominate Warren in the face of opposition from the Senate, it might inspire Americans to believe their president sees a future for us all that is not owned by the Banksters.

Goldman Sachs' Derivatives Generated 35% Revenue

Huffington Post | Sara Yin | Posted 05.25.2011 | Business

Goldman Sachs made up to 35 percent of its 2009 revenue from derivatives, according to recent documents disclosed to the Financial Crisis Inquiry Comm...

Rags To Riches: 10 Self-Made CEOs Who Started With Nothing (PHOTOS)

Huffington Post | Sherry Shen | Posted 05.25.2011 | Business

Sure, it might be highly discouraging to watch the successful progeny of dynastic wealth -- think the scions of the Houses of Trump, Hilton and Newhou...

Bloomberg of Tammany Hall

Alan Singer | Posted 05.25.2011 | New York
Alan Singer

The gold standard for rich people in politics remains Mayor Michael "Moneybags" Bloomberg, who is busy reviving the politics of Tammany Hall; he sees his opportunities and he buys what he wants.

Cleaning Blankfein's Pool

Jeff Danziger | Posted 05.25.2011 | Politics
Jeff Danziger


Goldman Sachs: The Movie Coming, But Not To You

Wall Street Journal | By SUSANNE CRAIG | Posted 05.25.2011 | Business

Get ready for "Goldman Sachs: The Movie." That isn't a real movie title. But filmmaker Ric Burns, who created the PBS series "The Civil War" with his...

Darth Goldman: The Enterprise Value Strikes Back

Norb Vonnegut | Posted 05.25.2011 | Business
Norb Vonnegut

Yesterday, Goldman Sachs settled fraud charges associated with Abacus CDOs for $550 million. Not surprisingly, the settlement excluded Fabrice P. Tour...

Goldman Sachs, JPMorgan CEOs NOT Invited To Signing Of Financial Reform Bill

Posted 05.25.2011 | Business

When President Obama signs legislation that's being called the most sweeping set of reforms to hit the financial industry since the 1930s, some very p...

Lloyd Blankfein's Days Are Numbered as Chairman of Goldman Sachs

Charles Gasparino | Posted 05.25.2011 | Business
Charles Gasparino

If history is any guide, Blankfein may not go tomorrow, or even next month, but sometime in 2011, Blankfein will at the very least no longer be chairman of Goldman, and may also be forced out of the firm altogether.