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Lloyd Blankfein

Time to Investigate Lloyd Blankfein and Hank Paulson

Yves Smith | Posted 05.25.2011 | Business
Yves Smith

The Fed and Treasury's method of bailing out AIG reveals that a primary goal was to prevent having fraud at the banks exposed. That is a very troubling stance for bank regulators to take.

Fortune Magazine and State Dept. Celebrate Young Women from Around the World

Taylor Marsh | Posted 05.25.2011 | Business
Taylor Marsh

It wasn't an ordinary Wednesday night for the young women chosen by the U.S. Embassy in their home country to be part of Fortune magazine and the U.S. State Dept.'s Most Powerful Women mentor program.

Goldman Sachs Settlement? Deal With SEC May Be In The Works

New York Post | Posted 05.25.2011 | Business

Goldman Sachs may soon settle its fraud case with the Securities and Exchange Commission, opting to end the legal fight rather than endure a repeat of...

Goldman Sachs Case Sent To Justice Department Prosecutors By SEC

AP | MARCY GORDON | Posted 05.25.2011 | Business

WASHINGTON — The U.S. attorney's office in Manhattan is conducting a criminal investigation of Goldman Sachs over mortgage securities deals the ...

Comparing Goldman Sachs to a Casino Is an Insult to Casinos

Miles Mogulescu | Posted 05.25.2011 | Politics
Miles Mogulescu

Running a gambling casino is actually a pretty simple, straightforward and honest business. You're closely regulated by the state gambling commission. But if you're Goldman Sachs, you can load the dice.

Goldman Sachs Builds Lobbyist Machine, Ramps Up Political Spending

Washington Post | Posted 05.25.2011 | Business

Until a few years ago, Goldman Sachs operated a sleepy lobby shop in the nation's capital. This Story But now, faced with fraud charges, investigatio...

Moral Blindness on Wall Street

Hoyt Hilsman | Posted 05.25.2011 | Business
Hoyt Hilsman

One of the most shocking elements of the testimony by Goldman Sachs executives this week was the moral blindness they showed when evaluating the role of their firm in the economic collapse.

Goldman Sachs: a Hedge Fund Managed by Traders?

Georges Ugeux | Posted 05.25.2011 | Business
Georges Ugeux

What became completely obvious for all the world to see is that Goldman Sachs is a hedge fund, and that it is only interested in clients as screens for their own proprietary trading activities.

Goldman Sachs CEO: 'Clearly, the World Needs More Regulation'

Sen. Jon Tester | Posted 05.25.2011 | Politics
Sen. Jon Tester

Goldman Sachs CEO Lloyd Blankfein says the bailout of his firm by U.S. taxpayers was an "embarrassing situation," telling a panel of U.S. senators that, "clearly, the world needs more regulation."

Blankfein Plays Dumb, But Did Tourre Just Sink Wall Street?

Martin Luz | Posted 05.25.2011 | Business
Martin Luz

How do you justify selling a security that's designed to fail, designed in fact by the guy who is betting against it?

The F Word: More Than Reform For Subprime Hurt

Laura Flanders | Posted 05.25.2011 | Business
Laura Flanders

As the Senate debates financial reform, millions of underpaid Americans have lost their homes, their nest eggs, and many of them, their incomes.

Dems Use Goldman Hearing In Push For Financial Reform, Voinovich Poised To Switch Vote

AP / Huffington Post | Posted 05.25.2011 | Politics

WASHINGTON - Defending his company under blistering criticism, the CEO of Goldman Sachs testily told skeptical senators Tuesday that customers who bou...

Shahien Nasiripour

Goldman Sachs Hearings: LIVE UPDATES, VIDEO | Shahien Nasiripour | Posted 05.25.2011 | Business

Goldman Sachs CEO Lloyd Blankfein is testifying this morning in front of the Senate Permanent Subcommittee on Investigations, which alleges the compan...

'God, What a Piece of Crap'

Robert Scheer | Posted 05.25.2011 | Business
Robert Scheer

It was the Perry Mason moment in the unraveling of what was left of Goldman Sachs' reputation. Only in this case, it involved a grizzled former prosecutor, Sen. Carl Levin, rather than a genial defense attorney.

The Death of Goldman Sachs

Steven G. Brant | Posted 05.25.2011 | Business
Steven G. Brant

Criminal behavior. No trust. Reputation destroyed. No customers. I expect Goldman Sachs to be out of business by the end of this year and maybe before the November election. That's just my opinion, of course.

The F Word: Hard At Work Figuring Out Imbalance

Laura Flanders | Posted 05.25.2011 | Politics
Laura Flanders

For a little balance on the deal reached between New York City's residential building owners and their hard working janitors and doormen -- It's not a...

This Week in Cheating: Goldman Testifies

Jeff Kreisler | Posted 05.25.2011 | Comedy
Jeff Kreisler

As Goldman Sachs prepares to testify before Congress, The Cheater offers a few proven tricks.

Three Modest Proposals For Goldman Sachs

Simon Johnson | Posted 05.25.2011 | Business
Simon Johnson

Goldman Sachs is at a crossroads. Either they can significantly change their image in our society or they can face the consequences.

Blankfein: Fabrice Tourre Is 'Immature' But Did Nothing Illegal | Posted 05.25.2011 | Business

Goldman Sachs CEO Lloyd Blankfein is prepared to say that the young trader charged with securities fraud for failing to disclose alleged conflicts of ...

The Lesson of Goldman Sachs, or How the Lizard Will Lose Its Tail

Stanley Bing | Posted 05.25.2011 | Business
Stanley Bing

The real problem isn't shorting your own investment vehicles, the ones you sell to unwitting idiots who believe your upside drivel. It's really just a matter of disclosure. You should disclose more.

Finance Reform: Politics' Dirty Picture

Bob Franken | Posted 05.25.2011 | Politics
Bob Franken

Imagine. At the very time the White House is pushing real hard for tougher regulations on the banking and finance industries, Security and Exchange C...

The Highlights and Lowlights of the Financial Crisis Hearings

Huffington Post | Nathaniel Cahners Hindman | Posted 05.25.2011 | Business

Over the last year and a half, Congressional committees and bipartisan panels like the Financial Crisis Inquiry Comission (FCIC) charged with investig...

Lloyd Blankfein's Most Memorable Quotes (SLIDESHOW)

Huffington Post | Nathaniel Cahners Hindman | Posted 05.25.2011 | Business

Once dubbed "the master of the quip" by the New York Times, Lloyd Blankfein has made more than a few headlines with his penchant for one-liners. The ...

Blankfein: Goldman Did NOT Bet Against Clients

AP | MARCY GORDON and ALAN ZIBEL | Posted 05.25.2011 | Business

WASHINGTON — Goldman Sachs developed a strategy to profit from the housing meltdown and reaped billions at the expense of clients, a Senate inve...

Relying on the Big Banks to Save the Economy

Mike Lux | Posted 05.25.2011 | Politics
Mike Lux

What Summers, Dodd, and apparently the president continue to not get is that massive concentrations of wealth and power do equally massive amounts of damage over time to both a democracy and to the markets.