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Congress Exposes Potential Profiteering in AIG's Deals: Delay Enabled Further Cover-Up

Janet Tavakoli | Posted 05.25.2011 | Business
Janet Tavakoli

Goldman is not solely responsible, but it has a large role in AIG's crisis and a unique position of conflicted interest and influence over the terms of the bailout. Now that the crisis is over, this issue should be reopened.

Sham Transactions That Led to AIG's Downfall: The Ugly Truth Was Hiding In Plain Sight

David Fiderer | Posted 05.25.2011 | Business
David Fiderer

If you want to understand the deals that wiped out AIG, the best place to start is the website of the New York Fed.

One Year Before Crisis, I Told Jamie Dimon and Warren Buffett AIG Had Serious Trouble (and Goldman Sachs Knew Too)

Janet Tavakoli | Posted 05.25.2011 | Business
Janet Tavakoli

The mark-to-market losses were just one part of the problem. AIG had a grave problem just from this position alone, and AIG had other serious problems.

Goldman Sachs Responds To The New York Times

Janet Tavakoli | Posted 05.25.2011 | Business
Janet Tavakoli

Did Goldman Sachs dissemble and equivocate in its responses to the New York Times?

Is Wall Street Full of Human CDOs?

Elise Coroneos | Posted 05.25.2011 | Business
Elise Coroneos

After the fiasco of the last year, the financial community should be getting back to the fundamentals of its job, which is to be stewards of the community's wealth.

AIG Bailout Emails: SEC Ordered Records Sealed Until 2018

Reuters | Matthew Goldstein | Posted 05.25.2011 | Business

NEW YORK, Jan 11 (Reuters) - It could take until November 2018 to get the full story behind the U.S. bailout of insurance giant American International...

The Moral Compass Missing From The Greatest Trade Ever

David Fiderer | Posted 05.25.2011 | Business
David Fiderer

As much as anything, what killed Lehman was Dick Fuld's emasculation of the risk management function, which served as a moral compass.

Goldman Sachs Would Have Been Damaged By AIG Failure: SIGTARP Report

Huffington Post | Ryan McCarthy | Posted 05.25.2011 | Business

Last April, Goldman Sachs CFO David Viniar said he was "mystified" by concerns that the government bailout of AIG may have disproportionately favored ...

Wall Street Is More of a Threat to Obama's Domestic Agenda than Afghanistan

Joseph A. Palermo | Posted 05.25.2011 | World
Joseph A. Palermo

Whatever Obama decides to do in Afghanistan is of little consequence compared to Wall Street's ongoing "plutonomy."

Morgan Stanley Pension Suit: Fund Claims Bank Sold It A $1.2B CDO In Bad Faith

Yahoo! News | Jonathan Stempel | Posted 05.25.2011 | Business

NEW YORK (Reuters) -- Morgan Stanley (MS.N) has been sued by a Virgin Islands pension fund that accused the Wall Street bank of defrauding investors b...

Would You Invest in a Zebra?

Loral Langemeier | Posted 11.17.2011 | Healthy Living
Loral Langemeier

There are two ways to invest: horses and zebras. Horses are obvious. Zebras are obscure. To my amazement, many investors choose to invest in zebras. Not me. I am in favor of horses.

Defiant Wall Street Welfare Kings Come to Washington

Joseph A. Palermo | Posted 05.25.2011 | Business
Joseph A. Palermo

Geithner has distinguished himself as the Joe Lieberman of the Obama Administration. The "Financial Crisis Inquiry Commission" cannot succeed because the Secretary of the Treasury doesn't want it to succeed.

Goldman Sachs Nearly Bankrupted AIG

Janet Tavakoli | Posted 05.25.2011 | Business
Janet Tavakoli

Goldman Sachs wasn't the only contributor to the systemic risk that nearly toppled the global financial markets, but it was the key contributor to the systemic risk posed by AIG.

What Have You Really Lost to the Recession?

Francine Hardaway | Posted 05.25.2011 | Business
Francine Hardaway

Well, we may think we've lost our jobs, our health insurance, our retirement plans, or our houses. But we haven't really "lost" those, because they were never really ours

Behind Wall Street's Collapse

Walden Bello | Posted 05.25.2011 | Business
Walden Bello

In a nutshell, the Wall Street meltdown is not only due to greed and to the lack of government regulation of a hyperactive sector.

Hank Paulson Should Call John Doerr

Adam Hanft | Posted 05.25.2011 | Business
Adam Hanft

More than Paulson, more than Bernanke, more than pretty much anyone in Washington I'd trust venture capitalist John Doerr to negotiate my stake in the bailout.

Brokers Suffered, While Customers Profited In 2007

New York Times | Floyd Norris | Posted 05.25.2011 | Business

The brokers' customers did reasonably well. The brokers did not. That is not the usual way of Wall Street. Two-thirds of a century ago, a best seller...

Citi's Dividend Dilemma

BusinessWeek | David Bogoslaw | Posted 05.25.2011 | Business

Another day, another drubbing for Citigroup (C). The financial giant took yet another hammering from investors on Dec. 27 after Goldman Sachs (GS) boo...